Most government programs get funding regardless of whether they succeed or fail. Ineffective programs can be funded for decades, costing billions of dollars that could be used to fund innovations that would change our country for the better. When government measures what matters and pays for success, it promotes continuous innovation and rewards effective programs by funding what works.
It’s time to change the status quo.
How does it work?
Pay for Success is a performance-based contracting system that rewards social service providers for achieving their intended outcomes. When government pays for success, programs get results by leveraging data to measure outcomes to make course corrections, and by becoming more efficient and more effective. It’s already working in national programs on recidivism, housing and early childhood education.
Invest in Success
We need to expand Pay for Success to focus on veterans programs, disability insurance, health care, aging, and child welfare.
For instance, Youth Villages helps more than 20,000 children and families each year. Check out how they leverage performance-based contracting in Tennessee’s child welfare system to provide better outcomes for children and families and to increase accountability for taxpayers and governmental agencies.
We challenge our next President to create a government that works by adopting the pay for success model and leveraging data to improve program efficiency and effectiveness