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Payment by Results and Social Impact BondsOutcome-Based Payment Systems in the UK and US$
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Kevin Albertson, Chris Fox, Chris O'Leary, and Gary Painter

Print publication date: 2018

Print ISBN-13: 9781447340706

Published to Policy Press Scholarship Online: September 2018

DOI: 10.1332/policypress/9781447340706.001.0001

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Conclusions, cautions and future directions

Conclusions, cautions and future directions

Chapter:
(p.109) Six Conclusions, cautions and future directions
Source:
Payment by Results and Social Impact Bonds
Author(s):

Kevin Albertson

Chris Fox

Chris O’leary

Gary Painter

Kimberly Bailey

Jessica Labarbera

Publisher:
Policy Press
DOI:10.1332/policypress/9781447340706.003.0006

This book has examined some technical, economic and political questions about outcomes-based commissioning as well as key theoretical debates, arguing that outcomes-based commissioning in its various guises may be theorised as a logical extension of New Public Management (NPM) or marketisation. It has also shown that outcomes-based commissioning might be theorised as policy makers' response to complexity and risk management, and/or as a means of facilitating philanthropists and other private sector actors in social innovation. This chapter draws conclusions from the evidence that has been reviewed, discusses the theoretical issues that have been identified, and considers future directions for Payment by Results (PbR) and Social Impact Bonds (SIBs).

Keywords:   outcome-based commissioning, New Public Management, NPM, marketisation, risk management, social innovation, Payment by Results, PbR, Social Impact Bonds, SIBs

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