Linking Pay for Success to Collective Impact Initiatives

Across the country, a growing number of governments are contracting for human services on a performance basis. Many are implementing innovative cross-sector models like Pay for Success (PFS), with many more considering the model for services in their own communities. This increased appetite for Pay for Success (PFS) partnerships has redirected taxpayer dollars toward interventions that provide data-driven solutions for social impact.

Because PFS is well suited to complex social challenges, there are situations where it is unrealistic to expect a single service provider or intervention to address the multifaceted

On June 30th, the Department of Labor (DOL) released the Final Rule1 on the Workforce Innovation and Opportunity Act (WIOA). As the five workforce boards of Third Sector’s second cohort of Social Innovation Fund sub-grantees are working to leverage the Pay-for-Performance (P4P) provisions of WIOA to better serve youth, this guidance directly informs our efforts. It is also important to note that WIOA requires local areas to shift their focus, spending 75 percent of youth funding on out-of-school youth. The DOL’s Final Rule on WIOA provides the necessary information to

Last month, Third Sector joined over 300 social impact leaders in Denver for The Third Annual Conference of the Early Childhood Social Impact Performance Advisors. Hosted by the Institute for Child Success, ReadyNation, and the Sorenson Impact Center, the three-day conference explored how Pay for Success (PFS) can improve outcomes for children and families. David [...]

What is the true cost to government of serving, or failing to serve, a family in need? When a government delivers services, what outcomes matter most? How can they be measured when critical information is siloed in various government agencies? And most importantly, where do governments and service providers even start the conversation on data [...]

Third Sector coordinated a panel session on Pay for Success at the recent Do Good Data Conference hosted by the Impact Lab in Chicago. A standing-room-only crowd came to learn how we can use measured outcomes to bring effective programs to those most in need. Alongside Sarah Jalbert from Abt Associates, Sotun Krouch from Roca, [...]

By Joe Gayeski and Mary Beech Pay for Success (PFS) is one way local and state jurisdictions can address pressing social issues in their communities. By integrating data and building rigorous evaluation into government contracting, PFS can reward social services that demonstrate measurable impact. To make this possible, PFS leverages private capital. The model’s innovative [...]