Had fun week this week - I was invited to a meeting convened by the White House. It was a terrific opportunity to be asked and to be able to contribute to the discussions. Here is the story posted on the WH blog:
Pay for Success - An Innovative Approach to Improve Results and Save Money
Posted by on July 10, 2013 at 10:19 AM EDT
This week, the President met with his Cabinet and other senior officials to lay out his vision for building a smarter, more effective government. The President challenged his Administration to build on the progress made over the first term and improve government even further.
To help meet that challenge, the White House gathered a diverse array of leaders from the private sector, nonprofits, philanthropy, academia, and federal, state and local government to advance one of the ways that this Administration is thinking outside the box – “Pay for Success.”
Pay for Success offers innovative ways for the government to partner with philanthropic and private investors to fund proven and promising practices, significantly enhancing the return on taxpayer investments. Under this model, these organizations provide the up-front capital for social services with a strong evidence base that, when successful, achieve measurable outcomes that improve the lives of families and individuals and reduce their need for future services. Government pays when these measurable results are achieved.
For example, the Department of Labor has launched a Pay for Success competition through the Workforce Innovation Fund designed to model new and more effective strategies for delivering workforce development and preventive social services that cut across existing program siloes, increase job placement and improve job retention.
In the Fiscal Year 2014 Budget, President Obama proposed a nearly $500 million investment in Pay for Success, including the creation of a new $300 million Incentive Fund at the Treasury Department. The Fund is designed to empower cities, states and nonprofits to support more public-private partnerships that produce measurable results in their communities.
In addition to the Incentive Fund, another $195 million is proposed to support Pay for Success programming in nine programs across three different Federal agencies: the Departments of Labor, Justice and Education.
The White House Pay for Success convening highlighted examples of innovative work underway at state and local levels across a wide array of sectors including workforce development, reducing recidivism, homelessness, aging, asthma management, disability and early childhood education. Currently, Pay for Success efforts are in some form of development in at least 14 states across the nation and that number continues to grow.
Pay for Success is a promising strategy for scaling programs that work and enhancing the return on taxpayer dollars in new, measurable ways. It is certainly one way this Administration is working to build a smarter, more innovative government for the American people.
Steven VanRoekel is the Acting Deputy Director for Management in the Office of Management and Budget and Federal Chief Information Officer and Jonathan Greenblatt is Special Assistant to the President and Director of the White House Office of Social Innovation and Civic Participation
16 comments:
I've been following this....seems a great idea, though concerned about Federal scalability and ability to do anything these days with continuity. Great that you are involved - must have been a big contributor :)
Always good to hear from you via email and phone. We are hoping you can come to see us in Florida or here in PA if that works better for you. Congratulations on going to the White House!
Very cool! That must have been a great experience.
Impressive. So what specific advice did you offer?
Kudos. Sounds amazing, both broad based and stretch thinking - thanks for sharing - would be interested to hear more about the level of discourse and the kinds of ideas that were generated and discussed.
Congrats! Very nice event and great topic for you to offer your thoughts.
Thanks for sharing this...
Did you get to meet any high ranking WH officials? Do you see any good ideas/progress coming out of the initiative?
Very cool.
You for the administration I say.
I think that it is an excellent idea
congrats ....!
What was your presentation/contribution to the discussion.
I must say it was inevitable and natural course of events that you are at the WH. Congratulations and best wishes.
Congrats! Sounds pretty impressive and an innovative solution instead of just complaining about the issue.
Congrats . . . tell us more!
Sure - Thanks for asking.
HUD sec Sean Donavan was there, as were several Dep sec.s to Prez.
I was in a working session with treasury officials to structure an incentive funds for state Govs to apply for grants....
Great fun...!
Wow!!
Were you there in the meeting with the Prez??
Having a great summer. No invitations to the WH, though! Sounds cool. Look forward to hearing more.
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