Online training opportunity: Outcomes-based funding
Social Finance Leadership Development Academy — Module 3: What We Mean When We Talk About Cost Savings
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 3: What We Mean When We Talk About Cost Savings
During the first two modules in this training series, Jake Segal, our vice president of advisory services, talked about the core ideas that underlie outcomes-based funding and touched on how to measure the effectiveness of social interventions.
In part three of The Social Finance Leadership Development Academy, Jake unpacks the most common question policymakers pose when considering outcomes-based funding: “How will this save me money?”
Jake defines cost savings, examines the sophisticated process of predicting them in a meaningful way, and delves into the deeper issue of whether cost savings are the right thing to focus on when making policy decisions. (If you’re interested in additional commentary from Jake on the question of cost savings, you can check out his piece on Governing.)
You can watch a recording of Module 3: What We Mean When We Talk About Cost Savings 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 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)
Related posts
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
