Online training opportunity: Outcomes-based funding
Social Finance Leadership Development Academy — Module 8: Looking to the Future: Contracting Around Uncertainty
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 8: The Secret Sauce: Active Performance Management
Jake Segal, our vice president of advisory services, is the host of this training series centered on outcomes-based funding. It’s a simple notion: Instead of purchasing services from vendors and hoping that they’ll work, governments should pay for positive program results. But while this idea is straightforward conceptually, putting it into practice isn’t always so simple.
During our first seven sessions, we talked about the foundational concepts needed to understand outcomes-based funding: about problems in measurement and evaluation; how to think about and not get lost in the idea of cost savings; the promise and pitfalls of performance-based contracting; and how outcome-based contracts work; how legislation can support such agreements; and the secret sauce that is active performance management.
In our last session, we talked about what happens once an outcomes-based contract launches and the mechanisms that should be in place in order to achieve good outcomes.
During this session we look into the future to see what’s next for outcomes-based financing. After decades of slow experimentation and frequent failure, the field that’s taken off. There are new and customized versions of outcomes-based contracting tools popping up around the world. We discuss a few of them, about how they tie together, how they differ, and how the field may continue to evolve in the years to come.
You can watch a recording of Module 8: Looking to the Future: Contracting Around Uncertainty below.
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