Online training opportunity: Outcomes-based funding
Social Finance Leadership Development Academy — Module 2: (Re)Introduction to Problems in Measurement
Social Finance is hosting a series of training sessions on outcomes-based funding. These offerings, collectively called The Social Finance Leadership Development Academy: The Theory, Practice, and Future of Outcomes-Based Financing, are designed for public-sector leaders looking to link contractor payment to performance and pay for results rather than service delivery.
This training is part of a larger research and education effort focused on the value of prevention and how it can drive better health and social outcomes. And it’s unfolding over eight weekly online modules lasting 30–60 minutes.
Module 2: (Re)introduction to Problems in Measurement
During the first module in this training series, Jake Segal, our vice president of advisory services, introduced and expanded on the core ideas that underlie outcomes-based funding, a procurement strategy that involves paying for positive program results rather than vendor service delivery.
In part two of the The Social Finance Leadership Development Academy, Jake focuses on how to measure the effectiveness of social interventions. Here at Social Finance, we make bets about which programs might outperform the status quo when we create Social Impact Bonds, and this session offers behind-the-scenes insight into that process.
Jake talks about practical approaches for interacting with academic research, how to avoid big prediction and evaluation mistakes, and how important it is to really know what we want to know about how well things work.
You can watch a recording of Module 2: Reintroduction to Problems in Measurement below or sign into our public Webex portal using the password SocialFinance2020.
Are you interested in viewing and participating in the remaining sessions in real time? Sign up here. Have any questions or comments about The Social Finance Leadership Development Academy? Connect with Jake Segal or John Pion today.
Upcoming modules and provisional schedule
Module 3: What we mean when we talk about cost savings. Working toward a definition of cost savings (hint: it’s not that simple) while avoiding The Savings Trap. (Jan. 30, 4–5 p.m, Eastern time)
Module 4: How performance-based contracts go bad. How to link payment to performance in the social sector, without breaking everything. (Feb. 4, 4–5 p.m., Eastern time)
Module 5: How to do Pay for Success right. Unpacking Pay for Success; and, doing Pay for Success well. (Feb. 12, 2–3 p.m., Eastern time)
Module 6: Enabling legislation for outcomes-based contracting. How legislation at the state and federal levels can accelerate outcomes-based contracting. (Feb. 20, 3–3:45 p.m., Eastern time)
Module 7: The secret sauce: performance management. The secret sauce of outcomes-based contracts: using data and good governance to get better results. (Feb. 25, 3–3:45 p.m., Eastern time)
Module 8: Looking to the future: Contracting around uncertainty. Using new contracting tools in concert to build a thriving market for social innovation. (March 4, 2:30–3:30 p.m., Eastern time)
Module 1: Foundational Concepts
Module 2: (Re)Introduction to Problems in Measurement
Module 3: What We Mean When We Talk About Cost Savings
Module 4: Performance-Based Contracting: A Brief History
Module 5: How to Do Pay for Success Right
Module 6: Legislation to Enable Innovative Outcomes-Based Contracting
Module 7: The Secret Sauce: Active Performance Management
Module 8: Looking to the Future: Contracting Around Uncertainty