October 21, 2021
Econometrica has supported the CDC Foundation in launching a course to teach public health professionals.
BETHESDA, MD – On March 23, the Patient Protection and Affordable Care Act (ACA) celebrates its 10-year anniversary. A landmark body of legislation, the ACA has left a lasting impact on healthcare in the United States. One of the key tenets of the legislation highlights its dedication to original and novel solutions to healthcare challenges: the creation of the Center for Medicare and Medicaid Innovation (CMMI), also known as the Innovation Center within the Centers for Medicare & Medicaid Services (CMS). In the past decade, the Econometrica Team has engaged with several CMMI programs designed to improve quality of care while reducing costs. We mark this milestone by reflecting on the past 10 years of work in this space and looking forward to future innovations.
Since its inception through CMMI, Econometrica has been influential in the success of the Hospital Innovation and Improvement Network initiative, formerly known as the Partnership for Patients initiative. This initiative seeks to improve healthcare safety and quality by reducing harm in hospitals and reducing readmissions through public–private partnerships. In the first iteration of the initiative, Econometrica served as the National Content Developer. In this role, Econometrica supported Hospital Engagement Networks in identifying, sharing, and celebrating innovations in care redesign that improved patient outcomes and reduced readmissions in key areas (e.g., adverse drug events, early elective deliveries). Econometrica served as the evaluator for the initiative and investigated the savings and improved patient outcomes for the first and second iteration of the model. We have supported the third iteration of the model through our work monitoring Patient and Family Engagement activities and providing evidence-based resources on how to expand the innovation.
Econometrica supported CMS on the Medicaid Incentives for Prevention of Chronic Diseases program by monitoring the program’s effectiveness and providing technical support to participants. The demonstration program tested the effectiveness of offering incentives to Medicaid beneficiaries who took part in prevention programs to address one of the following health behaviors or outcomes: curbing tobacco use, controlling or losing weight, lowering cholesterol or blood pressure, and avoiding the onset of diabetes or improving diabetes management. Econometrica supported the 10 States that received grants in implementing the program, created and put into action a learning system, collected performance data, and organized meetings for grantees.
Another of Econometrica’s early CMMI initiative-related evaluation projects was the Evaluation and Monitoring of the Bundled Payments for Care Improvement Model 1 Initiative, which connected payments for services provided to beneficiaries during an episode of care. Econometrica evaluated changes in service utilization patterns, patient case mix, incidence of harm, quality of care, changes in key health outcomes of patients, and Medicare expenditures, and collected primary qualitative data by interviewing participants. We designed and administered a Patient Health and Experience Survey to certain beneficiaries to understand their care experience. We are currently building on this work under our Learning System for Bundled Payments for Care Improvement Advanced Model contract, in which we are researching and recommending which quality measures to use to evaluate participant performance in the model, responding to help desk tickets, and assisting with a data feedback dashboard that monitors model performance.
Our other current work on CMMI initiatives includes engagements with the Million Hearts® and Comprehensive Primary Care Plus (CPC+) models. Million Hearts® aims to reduce the risk of cardiovascular disease and improve outcomes for people at risk of heart attacks and stroke. Econometrica assists with the program implementation by validating beneficiary eligibility for the program, tracking provider use, and creating payment files for claims processing for each beneficiary.
Our work on CPC+ falls into two projects that support the model, which seeks to improve primary care through regional transformations of care delivery and multi-payer reform. Econometrica produces a series of data extracts consisting of claims and administrative data, which are sent to more than 300 individual practices participating in CPC+. We also aggregate data extracts that are provided to four regional aggregators participating in CPC+.
We look forward to continuing to support CMS’ dedication to innovative models that promote the delivery of high-quality healthcare at reduced cost. Happy birthday, CMMI!
Founded in 1998, Econometrica is a research and management organization in Bethesda, MD, established to provide public- and private-sector clients with customized program support services. Econometrica works with multiple agencies to provide high-quality, cost-effective analyses, modeling, and economic evaluations. The company consistently receives exceptional scores from its clients and believes in three principles: technical capabilities, happy customers, and business development.
Econometrica has been influential in the success of the Hospital Innovation and Improvement Network initiative, formerly known as the Partnership for Patients initiative. This initiative seeks to improve healthcare safety and quality by reducing harm in hospitals and reducing readmissions through public–private partnerships.
BETHESDA, MD – On March 13, President Trump declared a national emergency in response to the outbreak of coronavirus (COVID-19) nationwide. Econometrica, Inc., continues to monitor developments related to the coronavirus pandemic to ensure the safety of our staff, their families, and communities. We also are taking steps toward meeting our commitments to clients and partners and continue to provide the high-quality and timely services expected from Econometrica.
The following summarizes steps we have taken to date:
Coronavirus infections increase at an exponential rate, with symptoms including fever, cough, and shortness of breath. Social distancing seems to be effective in reducing the spread, and Econometrica wants its employees to feel safe and remain healthy. As this outbreak unfolds, Econometrica will continue to provide its high-quality services with no reduction in availability or commitment.
Founded in 1998, Econometrica is a research and management organization in Bethesda, MD, established to provide public- and private-sector clients with customized program support services. Econometrica works with multiple agencies to provide high-quality, cost-effective analyses, modeling, and economic evaluations. The company consistently receives exceptional scores from its clients and believes in three principles: technical capabilities, happy customers, and business development.
Coronavirus infections increase at an exponential rate, with symptoms including fever, cough, and shortness of breath. Social distancing seems to be effective in reducing the spread, and Econometrica wants its employees to feel safe and remain healthy.
October 21, 2021
Econometrica has supported the CDC Foundation in launching a course to teach public health professionals.
August 10, 2021
The Centers for Medicare & Medicaid Services (CMS) released a new web-based training course that provides an overview of the assessment and coding the items in Section K related to height, weight, and nutritional approaches for skilled nursing facility residents.
August 5, 2021
Econometrica’s Health Group has further expanded its knowledge base and team of clinical experts. Through our recruiting and continuing education initiatives, our team stands ready to offer a wide range of expertise.
The U.S. Department of Agriculture (USDA), Food and Nutrition Service (FNS), has awarded the Econometrica Team a second option year on the USDA Foods Trend Analysis project that will run through September 2019. This study examines the types and amounts of food ordered through USDA Foods and USDA U.S. Department of Defense Fresh Fruit and Vegetable Program (USDA DoD Fresh) under the National School Lunch Program.
During the first option year, the Econometrica Team conducted comprehensive descriptive analyses of the types of products ordered and order patterns through USDA Foods and USDA DoD Fresh at the national and State levels for school years (SYs) 2014–2015, 2015–2016, and 2016–2017. This work involved cleaning and assembling program administrative data, conducting analysis using SAS and Tableau, and producing a report on the findings. We developed infographics on ordering patterns for FNS program marketing and information dissemination purposes. In addition, the team developed an interactive Tableau-based dashboard for FNS and States to use in program monitoring. The dashboard contains detailed information on multiple data points that we analyzed over the course of this contract.
In the second option year, the project is expanding to include two additional years of order data (SYs 2013–2014 and 2017–2018). The project includes new analysis of USDA Foods processor inventory levels over the course of the school year to inform FNS about patterns in processor compliance with program inventory limits. We will also develop new infographics and update the Tableau dashboard with the new data. Congratulations to all on the win!
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.
Econometrica, Inc., was recently awarded a contract by the Centers for Medicare & Medicaid Services (CMS) to provide research, analytics, and data preparation services to support the Open Payments program.
Under this contract, Econometrica and its partner, Acumen, LLC, will prepare standing analytics and data products, analyze program compliance, and carry out ad hoc analyses and special studies as they arise.
To increase transparency, the Affordable Care Act mandated the Open Payments program to provide the public with information regarding the financial relationships between the healthcare industry—pharmaceutical and medical device manufacturers and distributors—and healthcare providers—physicians and teaching hospitals.
Open Payments requires applicable manufacturers and Group Purchasing Organizations (GPOs) to annually report payments and other transfers of value made to physicians and teaching hospitals. Certain information regarding the ownership or investment interests held by physicians or their immediate family members in applicable manufacturers and GPOs must also be reported. The Open Payments mandate requires CMS to compile the submitted data, check them for accuracy, and publish the data on a public website.
Increasing transparency helps improve the public’s trust in healthcare. Econometrica worked on many projects in the past with CMS, including the Development, Implementation, and Maintenance of Quality Measures for the Programs of All-Inclusive Care for the Elderly project and the Evaluation and Monitoring of the Bundled Payments for Care Improvement Model 1 Initiative. Econometrica is proud to continue working to impact the quality of care.
“Our experts in data and analytics look forward to using their skills to support the Open Payments program, serving CMS and the public,” said Cyrus Baghelai, Econometrica’s President and CEO. “In the next few years, this program will likely expand exponentially. Econometrica looks forward to supporting CMS through this transition and to providing the public with more information about how healthcare providers are being compensated by the healthcare industry.”
Founded in 1998, Econometrica is a research and management organization in Bethesda, MD, established to provide public- and private-sector clients with customized program support services. Econometrica works with multiple agencies to provide high-quality, cost-effective analyses, modeling, and economic evaluations. The company consistently receives exceptional scores from its clients and believes in three principles: technical capabilities, happy customers, and business development.
Econometrica and its partner, Acumen, LLC, will prepare standing analytics and data products, analyze program compliance, and carry out ad hoc analyses and special studies as they arise.