LATITUDE.NETWORK
  • About
    • Our Team
    • Vision
  • Services
    • Data & Performance >
      • Research
      • Data Analytics
      • Service Design
      • Operations Systems
      • High Performance
    • Data Partnerships
    • Impact & Funding >
      • Social impact bonds
      • Outcomes-based Infrastructure
  • Cases
    • Toward Home Case Study
    • Wellways Case Study
    • Hello Sunday Morning Case Study
    • Cricket Victoria Case Study
    • Sacred Heart Mission Case Study
  • Insights
  • Contact

journey to social inclusion: sacred heart mission, st kilda

4/6/2018

 
Picture
The challenge 
How does a social or health service provider demonstrate to their funders that they can, with early intervention, achieve not only measurable improvements for the people they work with, but also long-term cost savings? And how does that organisation navigate the political and policy environment - convincing key parties, like Government, to contract to co-design and deliver a long-term, sustainable program focused on delivering real outcomes? Complex issues often fail to respond to traditional social service approaches, so many funders are looking for a new approach that incentivises outcomes. 

This is the question that Sacred Heart Mission set out to answer recently as a way of scaling-up their successful ‘Journey to Social Inclusion’ program which supports people experiencing homelessness.

What does one of these ‘outcomes-focused’ agreements look like? What is the right approach to take - what are the key considerations? Who are the key parties? What are the pieces of the outcomes puzzle and how do we get them to fit?

​The approach 
Social impact bonds, as one method for governments to commission for outcomes, hold the promise of a new way of doing things that is more focused and uses financially accountability to drive improvements. Latitude’s approach is based on understanding the full ‘value’ of solutions. Outcomes-based commissioning is a team sport and so it is necessary to understand what each prospective party wants to achieve (what they value), what they can contribute and, therefore, how much risk (and return) should be ascribed to each party. 

Once determining the most fundamental point - understanding the value you are bringing to your clients - our approach is to support your organisation to build a convincing case about the service and financial benefits of your services and solutions, and pitch that solution to key funders (governments, in particular).

The outcome With our support as key strategic and project manager, the Mission was successful in its application to join with the Victorian Government (Depts of Treasury & Finance and Health & Human Services) to negotiate one of Victoria’s first Social Impact Bonds in late 2017. These negotiations began in May 2017 and are ongoing. Sign up to our newsletter to stay in touch with the project as it progresses.

Russ Wood of Latitude Network has worked with the Mission throughout this process.

Comments are closed.

    Filter by:

    All
    Case Study
    Collaboration
    Data
    Education
    Health
    Homelessness
    Impact Investing
    Infrastructure
    Justice
    Mental Health
    News
    Outcomes Contracts
    Outcomes Measurement
    Philanthropy
    School Engagement
    Shared Value
    Social Impact Bonds
    Strategy
    Thinking
    Work
    Young People

    Archives

    December 2022
    November 2022
    April 2022
    March 2022
    December 2021
    November 2021
    September 2021
    May 2021
    April 2021
    October 2020
    September 2020
    August 2020
    May 2020
    October 2019
    September 2019
    August 2019
    April 2019
    February 2019
    August 2018
    July 2018
    June 2018
    May 2018
    February 2018
    June 2017
    February 2017
    November 2016

    RSS Feed


Latitude Network Pty Ltd
Social Impact Consultancy
Use insights for good
​
Get ideas, news and how to's in your inbox that help you improve your social impact  - subscribe


Contact:   dale@latitude.network  or   russ@latitude.network​
We acknowledge all First Peoples of this land and celebrate their enduring connections to Country, knowledge and stories. We pay our respects to Elders and Ancestors who guide the Aboriginal and Torres Strait Islander community.

  • About
    • Our Team
    • Vision
  • Services
    • Data & Performance >
      • Research
      • Data Analytics
      • Service Design
      • Operations Systems
      • High Performance
    • Data Partnerships
    • Impact & Funding >
      • Social impact bonds
      • Outcomes-based Infrastructure
  • Cases
    • Toward Home Case Study
    • Wellways Case Study
    • Hello Sunday Morning Case Study
    • Cricket Victoria Case Study
    • Sacred Heart Mission Case Study
  • Insights
  • Contact