Abstract

Pay For Success (PFS) is a financial transaction model used by public entities to access private sector dollars to fund preventative programs for at-risk populations. If predetermined outcomes are met, government agencies pay private investors back with interest. Generally, a PFS feasibility study is conducted that investigates the issue, the target population, and potential evidence-based programs and their outcomes. If a positive return on investment is determined, partners can make a business case for entering into a PFS deal. Through interviews with thirteen stakeholders involved in feasibility studies in Colorado, the costs and benefits of participating in a PFS feasibility studies and barriers to why projects don’t move beyond feasibility are examined. Major benefits include increased collaboration between stakeholders, intense focus on a target population and their needs, increased opportunities for funding and data networks, and a focus on paying for outcomes and an opportunity for programmatic self-assessment.

摘要

为成功付费 (PFS) 是一种金融交易模式，公共实体用于获取私营部门的资金，为高危人群的预防计划提供资金。如果达到预定的结果，政府机构将向私人投资者支付利息。通常，会进行 PFS 可行性研究，调查问题、目标人群、潜在的循证计划及其结果。如果确定了积极的投资回报，合作伙伴可以提出达成 PFS 交易的商业案例。通过与参与科罗拉多州可行性研究的 13 位利益相关者的访谈，研究了参与 PFS 可行性研究的成本和收益以及项目不超越可行性的障碍。主要好处包括增加利益相关者之间的合作，