ALBANY, N.Y.—Governor Andrew Cuomo announced that four
finalists have been selected for the "Pay for Success" program.
Also known as "Social Impact Bonds", the program is designed
to transform how government does business while serving New Yorkers and
providing additional resources for innovative social services programs.
"This public-private partnership model is one we see working
over and over again and one that saves taxpayers money and improves how we deliver
services here in New York ," said Governor Cuomo.
Pay for Success projects are public-private partnerships
where the State sets performance goals and private and philanthropic investors
provide the funds for the program. The State repays investors based on the
program's performance, and only makes payments if the goals are achieved
following a rigorous independent evaluation
The four finalists selected were the following:
- · Nurse-Family
Partnership: The Nurse-Family Partnership program provides nurse
home-visiting services to first-time expectant, low-income mothers to improve
pregnancy outcomes, child health, development, and self-sufficiency. This
proposal plans to serve approximately 2,200 families in Monroe and Onondaga
Counties and NYC.
- · Primary
Care Development Corporation (PCDC) / The Institute for Family Health / Open
Door Family Medical Centers, Inc. / HRHCare Community Health (HRHCare) / Hudson
Information Technology for Community Health (HITCH): The National Diabetes
Prevention Program aims to reduce diabetes for at-risk populations. The
proposal plans to serve approximately 3,570 prediabetic patients in
Westchester, Putnam, Rockland, Ulster, Dutchess, Sullivan, and Greene counties
and in NYC.
- · Montefiore
Medical Center / Children's Aid Society: Enhanced school-based health
centers would reach high-risk students with asthma care and pregnancy
prevention services. The proposal plans to serve approximately 8,500 students
at high schools located in the Bronx and North Shore of Staten Island.
- · Hillside
Children's Center: The Intensive Community Asset Program (I-CAP) provides
diversion alternatives to Probation Officers and Family Court Judges for
placement and detention of high-risk youth. The proposal plans to serve
approximately 835 youth in Onondaga, Monroe and up to three additional
New York State will hold a symposium at the State Capitol on
Friday, March 7, at 10:30 a.m.