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Payment by Results and Social Impact Bonds : Outcome-Based Payment Systems in the UK and US.

Author: Kevin Albertson; Chris Fox
Publisher: Bristol : Policy Press, 2018.
Series: Policy Press shorts., Research.
Edition/Format:   eBook : Document : EnglishView all editions and formats
Summary:
As austerity measures have led to greater struggles over limited governmental funding, there has in recent years been increasing interest in Payment by Results, or Payment for Success, as a model for commissioning social services. A Social Impact Bond, or Pay for Success Bond, is a type of social service contract where the financing is provided by private entities, with the idea that this will unlock new capital  Read more...
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Genre/Form: Electronic books
Bibliography
Additional Physical Format: Print version:
Albertson, Kevin.
Payment by Results and Social Impact Bonds : Outcome-Based Payment Systems in the UK and US.
Bristol : Policy Press, ©2018
Material Type: Document, Internet resource
Document Type: Internet Resource, Computer File
All Authors / Contributors: Kevin Albertson; Chris Fox
ISBN: 9781447340713 144734071X
OCLC Number: 1032722028
Description: 1 online resource (146 pages)
Contents: Intro; PAYMENT BY RESULTS AND SOCIAL IMPACT BONDS; Contents; Abbreviations; Notes on the authors; Acknowledgements; 1. Introduction: outcome-based payment and the reform of public services; Outcomes-based commissioning; The distinction between Payment by Results/Pay for Success and Social Impact Bonds/Pay for Success financing; Origins and scale; Some key questions raised by outcome-based commissioning; About this book; 2. Outcome-based commissioning: theoretical underpinnings; Introduction; Theories and objectives; Theoretical concerns; Conclusion. 3. Payment by Results and Social Impact Bonds in the UKIntroduction; Policy on outcomes-based commissioning; Payment by Results: extent and trends; Social Impact Bonds: extent and trends; Results to date; Conclusion; 4. Pay for Success and Social Impact Bonds in the US; Introduction; Extent and trends; Infrastructure; Evaluation approaches; Financial models; Conclusion; 5. Review of the evidence for outcome-based payment systems; Introduction; Results from UK programmes; Results from US programmes; Conclusion; 6. Conclusions, cautions and future directions; Introduction. The evidence to date on outcome-based commissioningWhere next for outcome-based commissioning?; In summary; References; Index.
Series Title: Policy Press shorts., Research.

Abstract:

As austerity measures have led to greater struggles over limited governmental funding, there has in recent years been increasing interest in Payment by Results, or Payment for Success, as a model for commissioning social services. A Social Impact Bond, or Pay for Success Bond, is a type of social service contract where the financing is provided by private entities, with the idea that this will unlock new capital investment and advance social good by limiting funding to projects that are needed and likely to succeed. This book looks at that assumption and evaluates the relatively limited current research on the effectiveness of the approach, making the case that more study is needed if investment of this sort is going to continue to grow. --

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