Outcomes Rate Card Development Competition

Note: This competition is now closed. Social Finance will host a second round of the competition, offering technical assistance to develop outcomes rate cards, within the next year. If you are interested in learning more about outcomes rate cards, contact adear@socialfinance.org.

Round 1 Service Recipients

On May 31, 2017, Social Finance announced the first round of awardees for the Outcomes Rate Card Development Competition.

Yale Child Study Center and Connecticut Office of Early Childhood

The Yale Child Study Center and Connecticut’s Office of Early Childhood, a state agency, will build on the state’s history of collaboration and experience with Pay for Success to design an outcomes rate card addressing early childhood outcomes. The partners will work with Social Finance to analyze data from the state’s Early Childhood Information System and identify the issues of greatest need facing the state’s young children and their families. Together, they will develop an outcomes rate card to support outcomes-based projects addressing the identified area of need.

“Connecticut has been a national leader in Pay for Success thanks in large part to the state’s collaboration with Social Finance and the Yale Child Study Center,” said David Wilkinson, Commissioner of the Office of Early Childhood.  “We are excited to be selected in this competition to work together again as we seek to make the promise and potential of PFS achieve broader reach more efficiently. Government and service providers share a mission of generating positive outcomes, so it makes sense to align payment with the outcomes we want to see.”

“This award allows us to apply the rigorous research at the Yale Child Study Center on effective interventions for children and their families in our relationships with government and policy partners,” –Dr. Linda Mayes, Professor and Director of the Yale Child Study Center, co-Principal Investigator

“In this partnership with OEC and Social Finance we are most enthusiastic about the increased likelihood that government partners and program directors will focus on payment for and dissemination of interventions that are the most likely to be transformative in the lives of families.” –Dr. Megan Smith, Associate Professor, Yale Child Study Center, co-Principal Investigator

Riverside County Executive Office (CA)

Riverside County Executive Office will develop an outcomes rate card to improve services for Children of Incarcerated Parents (CIP). Incarceration in county jails and state prisons is a growing challenge in Riverside County, imposing a substantial social and economic burden on the community. Children of Incarcerated Parents face a range of challenging circumstances that put them at a higher risk for adverse health outcomes, low academic performance, and diminished economic opportunity. An outcomes rate card will help Riverside County expand the range of services needed to adequately support CIP, driving resources toward high-quality service providers and meeting the diverse needs of impacted children to help set them up for long-term success.

“The Riverside County Executive Office is honored to be selected as a service recipient. We will use the Outcomes Rate Card to develop a proactive model to reduce the incarceration rate by intervening early in the lives of children who experience risk factors that make them more susceptible to future incarceration,” said Brian Nestande, Deputy County Executive Officer, Riverside County.

Competition Information

Social Finance is seeking government and/or nonprofit applicants nationwide for free technical assistance to develop outcomes rate cards, a standardized PFS contracting approach to serve large constituencies by defining outcomes (e.g. getting a job, maintaining employment, boosting earnings) and paying providers as they achieve those outcomes.

In this competition, Social Finance will select up to three Service Recipients to receive technical assistance in order to develop an outcomes rate card, procure service providers to deliver on target outcomes, and launch PFS projects with procured providers.

Application Information:

The full Request for Applications is available for download.

To apply, please email your complete application to solicitations@socialfinance.org [Subject line: Outcomes Rate Card] no later than 5:00 PM ET on April 10, 2017.

Competition FAQ (Updated March 27)

Questions can be directed to Annie Dear at adear@socialfinance.org.

Webinar Information:

Social Finance hosted an informational webinar on Tuesday, February 21, 2017 at 3:00pm EST.

We hosted a follow-up webinar on Wednesday, March 15, 2017 at 3:00 pm EST.

Important Dates:

February 7, 2017: Competition Launch
February 21, 2017: First Webinar
February 28, 2017: Optional Notice of Intent to Apply
March 15, 2017: Second Webinar
April 10, 2017: Completed Applications Due
May 24, 2017: Selections Announced

Resources:

Social Innovation Fund