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Econometrica Celebrates 25 Years of Innovation

Econometrica Celebrates 25 Years of Innovation

by | Aug 3, 2023 | Econometrica Blog

Econometrica's 25th Anniversary

Message From Our President/CEO

“It is hard to believe a quarter century has passed since we founded Econometrica in 1998. Back then, we had simple goals in mind: provide outstanding work for our clients while offering a supportive and friendly workplace where team members could learn and thrive. 

We have evolved over the last 25 years, yet we hold steadfast to those same guiding principles today. Our team has grown to more than 90 employees, representing diversity in culture, age, gender, and expertise. Many of our specialists come from posts in the upper echelons of business, government, and science. Through conscientious account of our services, we are able to pass that knowledge on to our clients. 

We strive to connect with one another in meaningful ways, such as mentorship and training opportunities designed to advance our employees’ technical capabilities. Helping everyone succeed and stay passionate about their work is a cornerstone of our company culture. 

Our clients are part of the Econometrica family, too. Regardless of project size or value, we provide them with meticulous research, creative solutions, and strategic recommendations delivered with personalized and attentive service. 

Econometrica is a dynamic business continuously changing and growing to meet the needs of our clients and employees. I am proud of the company we created together, and I am excited to see what we accomplish in the next 25 years.”

Cyrus Baghelai, President/CEO

Unlocking Insights: Data Analytics Experts Driving Actionable Solutions for Clients

Our methodological experts and programmers collaborate with subject matter experts and researchers across Econometrica to successfully perform a variety of analytical projects. Through these collaborations, we offer dozens of professionals with a variety of quantitative and qualitative skill sets, including statisticians, economists, data scientists, biostatisticians, visual analysts, and programmers. Our team specializes in quantitative design and implementation, sampling, developing innovative statistical and econometric models, and translating technical results into clear findings and actionable reporting. Our data analytics team is dedicated to undertaking a collaborative approach to analytics in all our work, and building high-quality and impactful products by combining the complementary expertise of our technical staff, subject matter experts, partners, and clients.

Empowering Health Solutions: Health Group Experts Leading Policy and Research Innovations

Econometrica’s Health Group consists of public and clinical health researchers, analysts, instructional designers, and economists who provide expertise in training, information diffusion, health research, quality measure development, monitoring, evaluation, technical assistance, and data analytics. Econometrica is a two-time Measure and Instrument Development and Support (MIDS) Indefinite Delivery, Indefinite Quantity contract holder from the Centers for Medicare & Medicaid Services (CMS) and a contractor on the Substance Abuse and Mental Health Services Administration Domain V contract vehicle. With healthcare and related industry trends constantly evolving, Econometrica’s experts use a variety of research and evaluation methods to provide innovative approaches for each client. In recent years, our team has developed tailored technical assistance plans for CMS. We have had more than 250,000 provider impacts based on trainings focused on understanding and complying with the IMPACT Act on the Post-Acute Care Training contracts, and we have had three quality measures endorsed by the National Quality Forum under our Programs of All-Inclusive Care for the Elderly contract.

Transforming Communities: Housing and Finance Group’s Expertise in Financial Solutions and Community Development

Key service areas include technical assistance and training, policy and program analysis, statistical surveys and research, market and feasibility analysis, and knowledge management. Our staff and business associates comprise a diverse mix of personnel, including former government employees with decades of experience in housing and community development programs, academic researchers from distinguished universities, and highly skilled housing professionals with hands-on experience in housing management, finance, grants monitoring, and other types of support. We are dedicated to supporting our clients in their diverse missions to expand and improve affordable housing, promote homeownership opportunities, stimulate community transformation, assist with disaster recovery, comply with reporting requirements, and enhance their performance. Since 2011, Econometrica has been providing technical assistance through the U.S. Department of Housing and Urban Development’s (HUD) OneCPD/Community Compass initiative, which has convened a community of technical assistance providers to serve the Office of Public and Indian Housing, Office of Community Planning and Development (CPD), and other HUD programs and customers. Through OneCPD/Community Compass, Econometrica has provided a variety of services, with a focus on housing, community development, economic development, and neighborhood stabilization.

25 Year Anniversary Booklet v5 1 pdf

25 Years of Innovation

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The Long COVID Dilemma

The Long COVID Dilemma

by | Jul 18, 2023 | Econometrica Blog

The Long COVID Dilemma

SARS-CoV-2 Infection (COVID-19)

In 2022, SARS-CoV-2 infection (COVID-19) was listed as an underlying or contributing cause of 244,986 (61.3 per 100,000) deaths in the United States.1Beyond the acute-phase severity of the disease, we have learned that symptoms can linger or recur over months or years, resulting in ongoing disability: the Kaiser Family Foundation reports that the “percentage of people who have had COVID and currently report long COVID symptoms declined from 19% in June 2022 to 11% in January 2023. Despite the decline, the rate of long COVID among people who have had COVID remains high.”2 For some groups, the numbers are even higher.3

Whole-Person Care with an Equity Focus

The long COVID journey can be protracted and especially difficult for persons with fewer healthcare resources. Important whole-person supports include non-medical factors such as access to transportation to get to healthcare appointments, as well as access to nutritious food, a safe home environment, educational opportunities, and financial resources. These can all impact health and well-being during the recovery period.

Trauma-Informed Care

Families and caregivers were traumatized as well. Implementing the principles of trauma-informed care: safety, choice, collaboration, trustworthiness and empowerment,4 can be reassuring to patients and caregivers living in fear of reinfection or relapse. The experience of contracting the virus was terrifying for many, whether or not the disease led to hospitalization. And for those who suffered long hospitalizations with respirator care, contracting COVID-19 was an especially traumatic event.

At Econometrica, our experts work extensively with Federal agencies, subject matter experts, and stakeholders to shape services that are inclusive for all persons’ healthcare needs. We understand that chronic disorders can carry a heavy burden for underserved communities, and we coordinate with agencies and funders to look for ways to support persons with elevated needs.

Resources

1 Ahmad FB, Cisewski JA, Xu J, Anderson RN. COVID-19 Mortality Update — United States, 2022. MMWR Morb Mortal Wkly Rep 2023;72:493–496. DOI: http://dx.doi.org/10.15585/mmwr.mm7218a4 https://www.cdc.gov/mmwr/volumes/72/wr/mm7218a4.htm

2 Kaiser Family Foundation. Long Covid: What do the latest data show? January 26, 2023. https://www.kff.org/policy-watch/long-covid-what-do-latest-datashow/#:~:text=As%20of%20January%2016%2C%202023%2C%2015%25%20of%20all%20adults,are%20no%20longer%20reporting%20symptoms.

3 Goldie PD, Chatterjee I. Examining the elevated risk of COVID-19 in transgender communities with an intersectional lens. SN Soc Sci. 2021;1(10):249. doi: 10.1007/s43545-021-00255-x. Epub 2021 Oct 6. PMID: 34693307; PMCID: PMC8492083. https://www.ncbi.nlm.nih.gov/pmc/articles/PMC8492083/

4 University of Buffalo, Buffalo Center for Social Research. What is Trauma-Informed Care? https://socialwork.buffalo.edu/social-research/institutes-centers/institute-on-trauma-and-trauma-informed-care/what-is-trauma-informedcare.html#:~:text=The%20Five%20Guiding%20Principles%20are,to%20providing%20Trauma%2DInformed%20Care

ECONOMETRICA BLOG

World Environment Day: Climate Change Implications for Human Health

by | Jun 2, 2023 | Econometrica Blog

World Environment Day earth and copy

Since June 5, 1973, the United Nations (UN) Environment Programme’s World Environment Day has provided a global platform for motivating research and action for a livable planet. According to the UN, “Climate change is the single biggest health threat facing humanity. The impacts are already harming health through air pollution, disease, extreme weather events, forced displacement, food insecurity and pressures on mental health. Every year, environmental factors take the lives of around 13 million people.”1

Environmental Factors

The environmental factors driving climate change arise from both naturally occurring changes as well as human activities, such as the release of carbon dioxide into the atmosphere. Regardless of the causes, however, the damaging effects of these changes are unequally distributed among the world’s population. Persons sensitive to heat because of age or illness and who cannot afford air-conditioned housing are at greater risk of adverse health effects from a warming planet, for example, while those living in increasingly flood-prone areas or who lack access to clean water may be disproportionately affected by water-borne illnesses.

Complex Systems

Local, regional, and national health systems are key to responding to these threats, but they are only one part of a complex system for promoting health. We are also beginning to understand how social determinants of health like housing, employment, education, and geography can significantly shape the health of populations. Researchers have begun to build a body of knowledge related to these determinants and to examine their effects in persons affected by climate change, and we can also use mapping and data analysis to look at specific instances of climatic effects on population health.

Resource Inequity

Reducing the health effects of climate change will require us to develop a solid understanding of three inter-related factors:

    • Direct effects of climate conditions on health, such as an increase in vector-borne diseases as temperature rise.
    • Underlying inequities in preventing, diagnosing, and treating health problems.
    • The distribution of available resources for improving the local, regional, and national environment and identification of areas with the greatest needs.

Econometrica’s Housing and Finance Group Is Looking at the Big Picture

In the past 2 years, Congress has passed two laws that provide hundreds of billions of dollars for new infrastructure projects. Together, the Inflation Reduction Act (IRA) and the Bipartisan Infrastructure Act (BIL) have funded more than 500 programs addressing important missions, including improving the with disaster and climate resilience of our Nation’s infrastructure, lowering carbon emissions, and providing cleaner air and water.

The challenge in such funding programs is to ensure that the money goes to the most important needs, not just the most aggressive grant applicants. Econometrica’s Economists and Data Analysts help agencies target their available funds in four ways.

  1. Data and analysis of needs. Although collecting data nationwide is expensive and requires specialized skills, it allows localities to fully understand their opportunities and saves the taxpayer money that would be wasted on ineffective projects.
  2. Program design. Early policy decisions are a powerful determinant of taxpayer return and environmental improvement, and one important policy driver is the method for spreading funds geographically. Econometrica provides optimization support for the main policy alternatives: formula allocations, competitive funding rounds, means tested programs, and disaster-based needs analysis.
  3. Agency outreach to communities. The neediest communities, and those with the greatest environmental challenges, are often those with the least ability to assess which of the 500+ programs they are even eligible for, let alone understand how to successfully navigate the application process. We build online eligibility screening systems and plain-language guidance materials to help these communities find and apply to the best programs for their needs.
  4. Program evaluation. This is the classic work of economists: cost–benefit analyses, market impact assessments, budget optimization, and the quantification of results. And it is the results that matter—finding the best social and environmental improvements for the fewest taxpayer dollars.

Work With Us, Contact Us

Need a partner in understanding the impact of climate change on the health of a population, or to help gauge the resources devoted to mitigating climate injustice? Our experts are here to help you. For a quick, direct response, visit us online and email a member of our executive staff in your preferred specialty.

Resources

https://www.worldenvironmentday.global/
https://www.un.org/en/climatechange/science/key-findings

1 https://www.un.org/en/climatechange/science/key-findings#health

ECONOMETRICA BLOG
Econometrica partners with the Preventive Cardiovascular Nurses Association (PCNA): Health Equity Self-Assessment Tool

Econometrica partners with the Preventive Cardiovascular Nurses Association (PCNA): Health Equity Self-Assessment Tool

by | May 17, 2023 | Press Release

Health equity tool graphic PNCA

Econometrica partners with the Preventive Cardiovascular Nurses Association (PCNA) in developing and deploying a Health Equity Self-Assessment Tool that will help healthcare providers identify areas of improvement in their own practice regarding health equity and refer them to pertinent resources. To launch this initiative, the PCNA and Econometrica team hosted a focus group with cardiovascular healthcare professionals to better understand their needs, barriers, and areas of improvements related to health equity.

The Health Equity Self-Assessment Tool will be implemented at PCNA’s 2024 Health Equity Summit.

About Preventive Cardiovascular Nurses Association

The Preventive Cardiovascular Nurses Association is the leading nursing organization dedicated to preventing and managing cardiovascular disease. The current state of health care demands that nurses and advanced practice nurses play a leading role in identifying and implementing cardiovascular risk reduction strategies. PCNA is committed to supporting nurses so they may successfully rise to this challenge.

Learn more at https://pcna.net.

Work With Us, Work for Us

Econometrica specializes in research and management across numerous industries in both the public and private sectors. We are always looking to hire the best and brightest in data science, health, grants management, energy, homeland security, housing and community development, capital markets and finance, and transportation. We work as the lead service provider, and also as a capable outsource partner to other consultancies. To work with us on your next project, visit us online and email a member of our executive staff in your preferred specialty. To explore the benefits of working for us, visit our careers page.

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How Microlearning With Explainer Videos Can Work for You

How Microlearning With Explainer Videos Can Work for You

by | May 2, 2023 | Econometrica Blog

Devices graphics

Learning solutions run the gamut from e-learning courses, to webinars, to tip sheets. But if you need to teach a brief concept, animated explainer videos make key pieces of information easy to access and a breeze to understand. The Learning Solutions Team at Econometrica uses this form of microlearning — breaking training down into small, more manageable bits of information — to support clients in government and industry.

Think of microlearning modules like chapters in a manual. An animated explainer video is like an illustration highlighting an important concept on one of the chapter pages, but more interesting. It uses audio and visual animation to get the point across.

Benefits of Using Animated Explainer Videos for Microlearning

Animated explainer videos are a good choice when people are having difficulty grasping a single concept, such as which medical code to select or how to use a new feature for an online dashboard. Animated explainer videos are:

    • Concise: They convey training on a single topic in a few minutes. Viewers can find the answer quickly without sifting through information they do not need.
    • Efficient: They support workflow learning, allowing users to train while they continue to be productive. Videos can be accessed from computers and mobile devices.
    • Engaging: Animated avatars and colorful visuals combined with limited text make explainer videos easy to watch and understand.

“Workflow learning is something people can access as they are doing their job. Animated explainer videos allow people to view the information at the moment they need it. They’re pulling the information they need, instead of having a bunch of other information pushed at them — which is far more efficient than traditional coursework,” says Sarah Gillam, M.Ed., senior instructional designer at Econometrica.

“In the healthcare setting, it is imperative to reduce what is called ‘provider burden.’ Animated explainer videos can help by reducing the amount of time providers must invest in training — time better spent on patient care,” adds David Westbrook, M.Ed., also part of Econometrica’s instructional design team.

Customizing Learning Solutions

Beginning in 2015, Econometrica was tasked by the Centers for Medicare & Medicaid Services (CMS) to develop training for providers and stakeholders related to the Improving Medicare Post-Acute Care Transformation (IMPACT) Act of 2014. For the Post-Acute Care (PAC) Training project, we assessed training needs and created materials for 34,000 providers across the United States. So far, we have created approximately:

    • 29 live training events (in-person and virtual)
    • 52 webinars
    • 55 web-based trainings
    • 54 video tutorials and explainer videos
    • 136 job aids, including tip sheets, pocket guides, and cue cards

Based on provider feedback and assessment of training outcomes, we concluded that health providers would benefit from scenario-based examples. These examples work to strengthen their understanding of new and revised guidance that was addressed during prior trainings.

 Additionally, our goal is to be sensitive to providers’ time when developing training assets. In order to limit provider burden and provide additional training opportunities, we developed a four-minute animated explainer video. The videoreinforces how to correctly code Transfer of Health items at discharge. It was posted on YouTube in March and received more than 3,000 views in the first two weeks.

“The video is one of a series of videos we’re developing to target specific questions that providers have,” says Ms. Gillam. “The best part of all is that providers don’t need to watch all the videos in the series. They can simply search for the one that answers their question.”

Leaders in Instructional Design: Work With Us, Work for Us

Econometrica has more than 10 years of experience designing and implementing creative learning solutions on the national level like the PAC Training. Our team of the best and brightest in data science, health, grants management, energy, homeland security, housing and community development, capital markets and finance, and transportation, collaborates to develop customized training solutions that are accurate and effective. We can work as the lead service provider or as an outsource partner to other consultancies. For exceptional results on your next project, visit us online and e-mail our learning solutions team at LearningSolutions@econometricainc.com. To explore the benefits of working for us, visit our careers page.

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