Not every social issue is a good fit for Pay for Success financing. We believe that the most promising opportunities for Pay for Success involve programs with a strong evidence base and organizations with a track record of success and scaling. Successful Pay for Success projects have clearly defined outcomes that, if achieved, produce measurable economic and social value within a determined time frame.
Social challenges like chronic health conditions, opportunity gaps, and recidivism are complex and multidimensional. Our work rarely fits within the bounds of one issue or one government department. The solutions to these challenges are also complex; effective interventions often lead to life improvements across a range of social outcomes, from health, to economic stability, to improved family relationships. Our Pay for Success experience has helped us understand the conditions needed to launch and deliver a successful project. In order to identify effective approaches across a range of social issues, we focus our work on five areas that we believe are a promising fit for Pay for Success.