Key to Success in Pay for Success: Data, Data, Data

This post originally appeared on the America Forward blog and is authored by Nicole Truhe, Government Affairs Director, America Forward. Third Sector Capital Partners is a proud member of the America Forward coalition.

Last year, a federal commission began studying how data that the government already collect can be used to improve government programs and policies. The Commission on Evidence-Based Policymaking was the creation of Speaker Paul Ryan (R-WI) and Senator Patty Murray (D-WA), who are long-time champions of data and the use of evidence to drive federal policymaking. After over a year

The following is authored by Nicole Truhe, Government Affairs Director at America Forward and originally appeared on the America Forward blog. Third Sector Capital Partners is a proud member of the America Forward coalition.

Since its authorization as a federal program, the Social Innovation Fund (SIF) has been aimed at finding and growing the most promising solutions to our nation’s most pressing challenges. The original model of the SIF, known as SIF Classic, is focused on directing federal resources (matched 1:1 by non-federal and private dollars) to support community-based organizations and solutions that

A few weeks ago, the World Bank launched the Pandemic Emergency Financing Facility” (PEF).[1] It is an exciting example of social financing supporting outcomes at scale. Here’s how it works. It has raised $425m via bonds and swaps. If no pandemic occurs, investors will be repaid their principal in full, plus a return. If a pandemic occurs, then investor principal will be instead used to quickly respond to the crisis. In short, the PEF functions as a kind of insurance that kicks in in the event of a bad outcome.

Third

The prevalence of data in the social sector means that government agencies and nonprofit providers, in theory, have a wealth of information at their disposal to understand what works and more effectively deploy resources to achieve better outcomes. Administrative data (data collected by governments or nonprofits as part of administering a specific program) in particular provides a cost-effective and accurate way to understand participant outcomes and break the silos between agencies serving similar populations who operate in different policy domains.

The practical reality is that providers and government agencies cannot easily

On June 6th, Senior Associate Emily Fabiaschi presented on a webinar panel hosted by The National Institute for Health Care Management (NIHCM) Foundation. The webinar, titled "Investing in Children's Health and the New "Pay for Success" Approach", provided an overview of Pay for Success contracting and how it can be applied to the field of [...]

Last month, Senior Analyst Marcia Chong testified before the Travis County Commissioners Court. Alongside Managing Director Rick Edwards, Marcia presented Third Sector's work with the Austin/Travis County Health and Human Services Department in assessing the feasibility of a Pay for Success project in teen pregnancy prevention. Third Sector's work in Austin/Travis County was supported by [...]