Erschienen in:

2018 | OriginalPaper | Buchkapitel

4. The Use of Payment by Results in Healthcare: A Review and Proposal

verfasst von : Alessandro Rizzello, Rossana Caridà, Annarita Trotta, Giuseppe Ferraro, Rosella Carè

Erschienen in: Social Impact Investing Beyond the SIB

Verlag: Springer International Publishing

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Abstract

In recent decades, governments worldwide have begun to extend the use of Payment by Results (PbR) contracts. PbR contracts create a new type of partnership between investors, governments and service providers that engages them in a new way through complex outcome-based financial arrangements. In Italy, the diffusion of such instruments is limited by market and by legal barriers. Based on these considerations, our work aims to present an overview of the literature on PbR models, with Social Impact Bonds (SIBs) as the main subject, and to perform an explorative analysis of multiple case studies (focusing on innovative SIBs in healthcare) of such schemes.

The study contributes to the international debate by offering several insights and implications for scholars, practitioners and policy makers. In addition, it aims to help clarify—from a law and economic perspective—the opportunities and obstacles related to the development of PbR instruments in the Italian context.

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Titel: The Use of Payment by Results in Healthcare: A Review and Proposal
verfasst von: Alessandro Rizzello
Rossana Caridà
Annarita Trotta
Giuseppe Ferraro
Rosella Carè
Verlag: Springer International Publishing
Buch: Social Impact Investing Beyond the SIB
Print ISBN: 978-3-319-78321-5

Electronic ISBN: 978-3-319-78322-2

Copyright-Jahr: 2018
DOI: https://doi.org/10.1007/978-3-319-78322-2_4