Payment by Results and Social Impact Bonds: Outcome-based Payment Systems in the Uk and Us

This book provides a comprehensive overview of Payment by Results (PbR) and Social Impact Bonds (SIBs) as outcome-based payment systems in the UK and US. It delves into their mechanisms, implementation challenges, and assessment methodologies. The authors explore how these innovative financing models aim to improve public service delivery by linking payments to predefined outcomes, offering a critical analysis of their effectiveness, ethical implications, and broader impact on social policy and welfare.