Title
SROI in the pay for success context: Are they at odds?
Date Issued
01 October 2017
Access level
metadata only access
Resource Type
journal article
Author(s)
Case Western Reserve University
Publisher(s)
Elsevier Ltd
Abstract
The Pay For Success (PFS) and Social Impact Bond (SIB) movements to date have focused heavily on shorter-term outcomes that can be monetized and show clear savings to government entities. In part, this focus derives from the need to specify contract payments based on a narrow set of well measured outcomes (e.g., avoided days in jail and foster care, decreased use of behavioral health services). Meanwhile efforts to measure the social return on investment (SROI) of interventions have sought to expand the view of relevant outcomes to include domains that lend themselves less clearly to monetization. This paper explores the intersection between these two movements with illustrations from a SIB initiative underway focused on homeless families with children in foster care. Challenges and potential for SROI in a third-party payor environment will be discussed as well as opportunities to better leverage the strengths of both types of initiative.
Start page
105
End page
109
Volume
64
Language
English
OCDE Knowledge area
Economía
Scopus EID
2-s2.0-85007451756
PubMed ID
Source
Evaluation and Program Planning
ISSN of the container
01497189
Sources of information: Directorio de Producción Científica Scopus