After Pay for Success: Doubling Down on What Works
When Pay for Success (PFS) projects achieve their goals and improve social outcomes, it is important for governments to implement strong performance-based contracts to continue to scale these programs. This Stanford Social Innovation Review article discusses how the federal government, state governments, the philanthropic sector, and evaluators should combine their efforts to aid in the transition from PFS to performance-based contracts.
“Pay for success exists because too often government needs a push to innovate. When that innovation works, we should double-down, not move on. Proven programs that have already paid for themselves and improved lives are exactly where government must invest” - New York State Senator Daniel Squadron