Investing in Children's Health and the New "Pay for Success" Approach
One in five American kids lives below the federal poverty line—a start that leads to health disparities and life-long achievement gaps. Services like home visits for new mothers have been proven to mitigate the impact of poverty on young kids, and a new model is shaking up the way these services are financed. The Pay for Success approach invites investors and philanthropies to fund evidence-based social programs with reimbursement from the government when these programs achieve their objectives.
This webinar on Pay for Success (PFS) investments in children's health covered the following:
- How PFS works, which programs and partners might benefit from PFS, and the challenges they face
- An update on federal efforts in PFS from the director of the White House's Social Innovation Fund
- Results from feasibility studies on various state-level PFS proposals
- A $30 million multi-sector PFS partnership to expand home visiting in South Carolina