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Payment Standardization Calculation and Application

Payment Standardization Calculation and Application

Client: Centers for Medicare & Medicaid Services (CMS)

Status: In progress

Services: Database Management and Organization, Healthcare Analysis, Compliance and Integrity Analysis, Managerial and Analytic Support 

Key Work Areas: Compliance and Generally Accepted Government Auditing Standards (GAGAS) audits, healthcare industry and provider assessments, fraud and waste research and analytics, artificial intelligence/machine learning, database compilation, civil monetary penalty models, regulatory support, cross-contractor collaboration

The Centers for Medicare & Medicaid Services (CMS) engaged Econometrica to provide support on the Value Incentives and Quality Reporting (VIQR) Appeals project. CMS quality reporting is a requirement for healthcare entities required by law. VIQR appeals support gives CMS the bandwidth to focus on policy development rather than individual appeals.

Econometrica was able to streamline the appeal review process, allowing for timely resolution of quality and payment appeals. Econometrica’s efficiency limited over-utilization of government resources and ensured the payments were proportional to healthcare performance metrics. Additionally, Econometrica facilitated communication between healthcare providers (hospitals, skilled nursing facilities, home health care providers, and post-acute care services), CMS and other stakeholders regarding quality measures and federal standards of care.

Value Incentives and Quality Reporting Appeals Support

Value Incentives and Quality Reporting Appeals Support

Client: Centers for Medicare & Medicaid Services (CMS)

Status: In progress

Services: Database Management and Organization, Healthcare Analysis, Compliance and Integrity Analysis, Managerial and Analytic Support 

Key Work Areas: Compliance and Generally Accepted Government Auditing Standards (GAGAS) audits, healthcare industry and provider assessments, fraud and waste research and analytics, artificial intelligence/machine learning, database compilation, civil monetary penalty models, regulatory support, cross-contractor collaboration

The Centers for Medicare & Medicaid Services (CMS) engaged Econometrica to provide support on the Value Incentives and Quality Reporting (VIQR) Appeals project. CMS quality reporting is a requirement for healthcare entities required by law. VIQR appeals support gives CMS the bandwidth to focus on policy development rather than individual appeals.

Econometrica was able to streamline the appeal review process, allowing for timely resolution of quality and payment appeals. Econometrica’s efficiency limited over-utilization of government resources and ensured the payments were proportional to healthcare performance metrics. Additionally, Econometrica facilitated communication between healthcare providers (hospitals, skilled nursing facilities, home health care providers, and post-acute care services), CMS and other stakeholders regarding quality measures and federal standards of care.

Open Payments Program Analytics

Open Payments Program Analytics

Client: Centers for Medicare & Medicaid Services (CMS)

Status: In progress

Services: Database Management and Organization, Healthcare Analysis, Compliance and Integrity Analysis, Managerial and Analytic Support 

Key Work Areas: Compliance and Generally Accepted Government Auditing Standards (GAGAS) audits, healthcare industry and provider assessments, fraud and waste research and analytics, artificial intelligence/machine learning, database compilation, civil monetary penalty models, regulatory support, cross-contractor collaboration

The Centers for Medicare & Medicaid Services (CMS) engaged Econometrica to support Open Payments Program Analytics in providing transparency regarding financial relationships in healthcare. By conducting database collection, analysis, and audits, the Econometrica Team was able to analyze the relationships between pharmaceutical and medical device manufacturers/distributers and their healthcare provider counterparts (e.g., physicians, non-physician providers, and teaching hospitals).

Financial Structuring Dashboard Created by Econometrica

Financial Structuring Dashboard

Large housing developers have many software tools at their disposal to analyze community-wide redevelopment opportunities, but individual homeowners don’t have easy access to similar tools. To help homeowners analyze their options for repositioning their property,  Econometrica, Inc. built a homeowner financing calculator / dashboard. The work was completed in 2024 for the NE Community Center and NE Public Development Authority in Spokane, Washington under a cooperative agreement with HUD.

The tool allows homeowners to input specifics about their house (size, fit/finish, collateral value, etc.) and estimates their future cash flows and financing options for five different redevelopment strategies (e.g., “subdivide lot, build new unit(s) and sell”, “add detached units(s) or ADU(s), then rent” ).  Links point the homeowner to local financing sources and housing service agencies.

Work With Us, Work for Us

Econometrica, Inc., is a small business research and management consulting organization based in the greater Washington, DC, metropolitan area. We are committed to improving the human condition by providing high-quality, cost-effective analytics and support that enable our clients to solve the challenges of today’s world. We collaborate with Federal agencies, State and local governments, philanthropic and nonprofit clients, and private-sector partners in the public health, healthcare, data analytics, housing, and finance sectors.

To work with us on your next project, visit us online or email us at Info@EconometricaInc.com. To explore the benefits of working for us, visit our careers page. Follow us on LinkedIn, X, Facebook, and Instagram.

Econometrica, Inc. Offers New OASIS-E1 Training Course – Get Prepared for Success!

Econometrica, Inc. Offers New OASIS-E1 Training Course – Get Prepared for Success!

BETHESDA, MD., May 15, 2025 – Econometrica is pleased to offer Introduction to OASIS-E1 in an online learning format at https://econometrica.learnworlds.com/, specifically for home health agencies (HHAs) and their staff. Developed by Econometrica’s team of experts, who spent more than 7 years as the official Training Developer for the Centers for Medicare & Medicaid Services (CMS) on Outcome and Assessment Information Set (OASIS) tools and guidance, this training lays a strong foundation for OASIS coding success.

The Home Health Quality Reporting Program provides the OASIS dataset and guidance to assist HHAs with OASIS data collection requirements. However, the provided guidance only scratches the surface of what is needed to fully understand the correct coding approach for the OASIS tool. The implications of accurate OASIS data collection are far reaching, and HHAs need a trusted and validated source to help their nurses and therapists effectively complete the OASIS tool. To ensure success, HHAs must have access to up-to-date educational resources.

This 30-minute course offers an in-depth overview of the OASIS-E1 dataset and guidance manual, demonstrating how to use these tools to promote clinician understanding. It covers general OASIS requirements, discusses the importance of accurate OASIS data collection, and explains how to use the OASIS-E1 guidance manual to promote understanding of OASIS items and data collection methods. Participant understanding is measured through periodic knowledge checks and culminates with a post-test.

As the past official Training Developer for CMS on OASIS tools and guidance, Econometrica’s home health nurse experts bring years of experience in training home care clinicians on OASIS guidance.

Also be on the lookout for additional training opportunities from Econometrica for hospice agencies. The Hospice Outcomes and Patient Evaluation (HOPE) assessment tool will become effective on October 1, 2025. For more information on our training offerings, please visit https://econometrica.learnworlds.com/, or email us at CourseHelp@EconometricaInc.com

Work With Us, Work for Us

Econometrica, Inc., is a small business research and management consulting organization based in the greater Washington, DC, metropolitan area. We are committed to improving the human condition by providing high-quality, cost-effective analytics and support that enable our clients to solve the challenges of today’s world. We collaborate with Federal agencies, State and local governments, philanthropic and nonprofit clients, and private-sector partners in the public health, healthcare, data analytics, housing, and finance sectors.

Econometrica has built a proven track record of excellence in consulting. Our team of experts is located across the United States, bringing diverse perspectives and skills to every project. Over the past 7 years, Econometrica was the official Training Developer for CMS (2018–2024) for home health and hospice agencies. Our home health and hospice nurse experts have decades of experience training clinicians, helping them enhance their skills and improve patient outcomes. Visit our training at https://econometrica.learnworlds.com/.

To work with us on your next project, visit us online or email us at Info@EconometricaInc.com. To explore the benefits of working for us, visit our careers page. Follow us on LinkedIn, X, Facebook, and Instagram.