"all providers of education are on notice that they can lose revenue if they don't meet learner needs."
By which you mean, "If they don't meet the expectations of parents, school board members, and politicians." By what criteria will schools be judged?
Right now, we have a serious problem in education in America: we focus on standardized tests. Schools do "better" if students get high test scores; they do "worse" if students get low test scores. Nobody is asking, "Can the students think for themselves? Can they solve problems they have not seen before?" Is that what you want schools to do -- to just train students to score high on tests?
Politicians love tests, because they are single-dimensional numbers that are easy to point to. Parents like tests because that is what colleges use to filter applicants. School boards like tests because they can point to them when they need to ask the government for money. Nobody cares if students are learning anything other than test taking skills, except for dedicated teachers who actually want to teach. There are exceptions, but such people are, well, exceptional.
The real issue here is that the results of education are long-term, but these "market based" or "accountability based" approaches to school focus entirely on the short-term. You need to look at what the graduates of a particular school are doing 10 or 20 years later. Are they curing cancer? Did they overthrow a corrupt government? Are they working an honest job? Test scores do not tell you these things. It makes sense to shut down a school whose graduates are more likely to wind up in prison than to live a good life. It does not make sense to shut down a school based on standardized tests or college admissions (which is not independent from standardized test scores).
It is not an easy problem. It means taking risks. Yet right now, we are not even trying; we just point to test scores, talk about how terrible unions are, and continue to pretend that "the market" will find a good answer for us.