Westat is serving as the external evaluator for the Veterans CARE project, which will serve 480 Veterans over three years in New York City; Boston; Brockton, Massachusetts; and central and western Massachusetts. Local VA medical centers will deliver Individual Placement and Support (IPS), an evidence-based approach to supported employment, to program participants. The Tuscaloosa VA Medical Center will oversee and monitor the implementation of services. The project measures four outcomes: 1) earnings, 2) sustained competitive employment, 3) fidelity to the IPS model, and 4) job satisfaction. Outcomes payors will repay investors if the project successfully achieves positive outcomes for participants.
Social Finance is partnering with the U.S. Department of Veterans Affairs, the Commonwealth of Massachusetts, New York City partners, and the City of Boston to launch Veterans Coordinated Approach to Recovery and Employment (Veterans CARE), a Pay for Success (PFS) initiative that will support unemployed or underemployed Veterans with post-traumatic stress disorder (PTSD) in attaining competitive, compatible employment. PFS provides a mechanism for results-based government financing, leveraging evidence-driven nonprofits and private capital to enable government and society to address chronic social issues.