We can measure outcome on performance and productivity. Health is obvious. Length of waiting lists, A&E turn around, ambulance response times, mortality rates and so on. Education is measured in pupil performance but this can be a blunt instrument if you start excluding children simply to boost performance measures. Education should also focus on well being etc.
The primary focus of the Heath and Education sectors is not to make money but to oversee a healthy and educated population that can in turn lead productive lives, a productivity that is largely measured in monetary profit/growth.
And yes happiness is also a factor that is measured when rating countries and cities to live in. Nordic countries tend to do well. High tax rate countries historically.