Almost three years ago, Cuyahoga County embarked on an innovative approach to improve outcomes for homeless families with children in foster care. Utilizing an integrated data system developed by Case Western Reserve University, the County was able to identify a significant overlap between children’s length of time in foster care and their families’ lack of housing homeless families and extended stays in foster care. Their solution? Partner with Third Sector to develop a new $5M outcomes-oriented contract with Frontline Services with the goal of keeping families together and reducing days in
Thanks to innovations in outcomes-focused contracting “because that’s the way we’ve always done it” is no longer an acceptable reason to continue to operate social programs the same way every year hoping for better results. By linking payments to measurable social outcomes, Pay for Success (PFS) contracting has made data and results integral aspects of any social service. Through multi-year randomized control trials (RCTs), which test the outcomes of a PFS project, social service providers and government funders can finally quantify the impact that their programs are making in the
This post originally appeared on the AEA365 blog as part of their SIM TIG Week.
Hello! We are Brian Beachkofski and Jeannie Friedman, Pay for Success (PFS) advisors at Third Sector Capital Partners. We spend most of our time assessing feasibility and designing social sector programs with rigorous evaluations and evidence-based interventions embedded into their contracting structure.
PFS is an innovative contracting model (shown in the figure below) that drives government resources toward high-performing social programs. The PFS model is designed to merge performance measurement using administrative data and rigorous evaluation of
By Nadia Ahmed
On August 28th, Third Sector was invited to the 7th annual Green & Healthy Homes Initiative (GHHI) Executive Leadership Institute in Austin, TX. For the first time, the two-day conference, in addition to its sessions on the latest in the green and healthy housing movement, offered a parallel set of sessions on Pay for Success (PFS). This brought together government, foundations, providers, evaluators, and organizations with PFS expertise to discuss how such an innovative contracting model can work in the lens of healthcare.
Third Sector participated in a panel