Using Pay For Success to Improve Youth OutcomesA Review of Third Sector Capital Partner’s First Cohort of SIF Sub-Recipients
The following post originally appeared on America Forward’s Blog as a guest post.
Less than 10 years ago, the phrase Pay for Success was virtually unknown in most circles—particularly government circles. Though a seemingly simple concept, an approach to contracting for services where payments from governments (or other end-payers interested in supporting the achievement of measurable outcomes related to public programs) are linked to positive outcomes that have been measured and evaluated—Pay for Success is being tested, applied, and replicated at a rapid pace.
Contributing to the interest and uptake of Pay