Tabla de Contenidos:
  • PAY FOR SUCCESS PROJECTS BENEFITS AND ROLE OF SOCIAL IMPACT BONDS ; PAY FOR SUCCESS PROJECTS BENEFITS AND ROLE OF SOCIAL IMPACT BONDS ; Library of Congress Cataloging-in-Publication Data; CONTENTS ; PREFACE ; Chapter 1 PAY FOR SUCCESS: COLLABORATION AMONG FEDERAL AGENCIES WOULD BE HELPFUL AS GOVERNMENTS EXPLORE NEW FINANCING MECHANISMS* ; WHY GAO DID THIS STUDY; WHAT GAO RECOMMENDS ; WHAT GAO FOUND ; ABBREVIATIONS ; BACKGROUND ; OMB Guidance Encourages Agencies to Use Evidence-Based Approaches, Including PFS ; PFS Is a Mechanism for Contracting for Social Outcomes
  • Practices from Federal Experience with Complex Service Acquisitions Can Inform PFS Projects PFS PROJECTS WERE STRUCTURED IN A VARIETY OF WAYS AND SOUGHT TO ACHIEVE POTENTIAL BENEFITS, SUCH AS IMPROVED SOCIAL OUTCOMES AND COST SAVINGS ; PFS Projects Were Structured to Implement Prevention Programs to Address Entrenched Social Problems ; Massachusetts: Reducing Recidivism and Increasing Employment among Ex- Offenders ; New York City: Reducing Recidivism in an Adolescent Jail Population ; New York: Increasing Employment and Improving Public Safety
  • Utah: Reducing Gaps in Academic Achievement among Preschoolers United Kingdom: Improving Services for Short-Sentenced Prisoners ; United Kingdom: Improving Services for Homeless Individuals ; United Kingdom: Reducing Wait Times for Adoption ; South Carolina Maternal Health PFS Initiative ; Asthma Impact Model for Fresno (AIM4Fresno) ; Maryland Review of a Potential PFS Initiative ; Governments, Service Providers, and Investors Pursued PFS for Potential Performance and Financial Benefits ; Potential Benefits for Governments ; Funding for Prevention Programs and Potential Cost Savings
  • The Ability to Implement Innovative Programs by Transferring Risk Collaboration across Government Agencies ; Sustained Focus for Entrenched Social Problems ; A Focus on Outcomes and Building an Evidence Base ; Potential Benefits for Service Providers ; Stable Funding for Operations ; Flexibility in Implementing Service Delivery ; Potential Benefits for Investors ; Potential for Return on Investment ; Opportunity for Social Investment ; PARTICIPATING ORGANIZATIONS SOUGHT TO MANAGE RISKS IN THE FEASIBILITY ASSESSMENT, DESIGN, AND IMPLEMENTATION PHASES OF COMPLEX PFS CONTRACTS
  • Governments, Service Providers, and Investors Recognize that PFS Projects Present Risk During Project Feasibility Assessments, Governments Reported Seeking to Maximize Cost Savings while Managing Financial and Performance Risk; Attention to Cost-Benefit Analysis ; Identification of Entities that Capture Financial Benefits and Budget Savings ; Access to, and Capacity for, Robust Data Collection and Analytics; Sufficient Evidence of an Intervention's Success ; Leadership Support ; During Contract Design, Parties Reported Defining Requirements to Manage Risk