Payment by Results and Social Impact Bonds

Outcome-Based Payment Systems in the UK and US

Kevin Albertson, Chris Fox, Jung Hyun Choi, Jessica LaBarbera, Chris O'Leary, and Gary Painter

Payment by Results and Social Impact Bonds

Kevin Albertson, Chris Fox, Jung Hyun Choi, Jessica LaBarbera, Chris O'Leary, and Gary Painter

Distributed for Policy Press at the University of Bristol

96 pages | 5 x 7 3/4
Cloth $75.00 ISBN: 9781447340027 Will Publish December 2017 For sale in North and South America only
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.
For more information, or to order this book, please visit http://www.press.uchicago.edu
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