Payment by Results and Social Impact Bonds
One of the larger problems for government, is that taking risks is difficult. Risks are expensive, and can lead to a host of problems when those risks don’t give desired results.
Here’s where social innovation is taking a chance. In the UK you have pay for results programs, called pay for success here in the states. How do these programs work? Who takes on the economic risk? How do we measure success? Can pay for success and social impact bonds help solve some of the wicked problems?
Courtesy of the , adapted from the GAO