Pay for Success (PFS) Initiatives are viewed by the White House Office of Social Innovation and Civic Participation as an opportunity to bring together philanthropic and private sector investors to address long standing social issues. In the US today, four PFS projects are in various stages of engaging private investors, foundations and public agencies to address homelessness, access to early childhood education, recidivism and asthma.
A unique model for PFS initiatives that engages private investors and payors is emerging to reduce asthma related emergencies and improve overall quality of life. This model has the potential to also be used to address the needs of patients with diabetes, and heart disease. Pay for Success Initiatives are designed to take proven interventions and attract private investors to scale them to serve larger populations. In order to develop these PFS Initiatives, several phases of work are implemented as follows:
Impact4Health provides technical assistance throughout each phase of the Pay For Success Initiative. We have unique capabilities to support the first phase of this work and specialize in the following key areas:
- Feasibility Analysis
- Capacity Building
- Intervention Design
- Project Management and Intermediary Support
- Community Stakeholder Engagement