Pay for Success has eight primary potential benefits:
- raises up-front funding for proven, model, promising, and potential social service programs
- shifts the risk of innovating or scaling social services to private or nonprofit investors
- emphasizes government investment in outcomes over other priorities
- encourages adoption of evidence-based solutions to serve the public interest
- addresses the time lag problem where, in many cases, investments in social programs must occur long before the social and economic benefits accrue from these programs
- overcomes barriers where the government agency tasked with funding a program is not the primary beneficiary.
- focuses on preventive programs that maximize public benefits over budget costs
- conserves resources that can then be used for other investments in the public’s interest.