After Pay for Success: Doubling Down on What Works | Stanford Social Innovation Review

After Pay for Success: Doubling Down on What Works | Stanford Social Innovation Review.

By Sam Schaeffer, Jeff Shumway, & Caitlin Reimers Brumme

Over the coming year, field-building investments by organizations like the Harvard Social Impact Bond Technical Assistance Lab, the James Irvine Foundation, and the Corporation for National and Community Service will yield many new PFS projects in issue areas such as early childhood education, special education, juvenile justice, and homelessness. These projects will seek to produce significant social good in the next 5-10 years and, by using rigorous evaluation methodologies, they will be able to prove it. However, ultimately the PFS field should aim to have long-term effect on government contracting behavior—shifting procurement toward evidence-based interventions and adopting a sustained focus on measuring impact.

 

 

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