Payment by Results and Social Impact Bonds

Kevin Albertson is Professor of Economics at Manchester Metropolitan University. Chris Fox is Professor of Evaluation and Policy Analysis at Manchester Metropolitan University. Christopher O’Leary is Senior Lecturer in the Policy Evaluation and Research Unit at Manchester Metropolitan University.

• Introduction: outcome-based payment and the reform of public servicesOutcome-based commissioning: theoretical underpinningsPayment by Results and Social Impact Bonds in the UKPay for Success and Social Impact Bonds in the US Review of the evidence for outcome-based payment systemsConclusions, cautions and future directions

“This book represents both a timely and accessible stocktake of the bubble surrounding Payment by Results and Social Impact Bonds. This group of researchers, who are closely involved with the issues at hand, offer significant insight into the current situation, including limitations and potential future directions of these approaches.” Professor Rob Wilson, Newcastle University, UK