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Payment by Results and Social Impact Bonds

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Payment by Results and Social Impact Bonds

Kevin Albertson, Chris Fox, Chris O'Leary, and Gary Painter


Over recent years there has been increasing interest in ‘Payment by Results’ (PbR) — Pay for Success (PFS) or outcomes-based funding in the US — as a model for outcomes-based commissioning in the public sector. Social Impact Bonds (SIBs) — Pay for Success financing in the US — are a class of PbR where the finance needed to make the contract work is provided by ... Read more

 

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