Economic Research Associates

Supporting the sustainability and longevity of rural care delivery through economic first-principles

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cost report projection

Our cost report projection system helps support data-driven decision-making at Critical Access Hospitals. By connecting to health and financial IT infrastructure, we can provide management teams with live projections of key Medicare cost report projections and the capability to see changes over time or assess different "what-if" scenarios.

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ehr automation

Contact us to learn more about how we help rural healthcare facilities make the most of their existing investments into healthcare IT infrastructure by enabling automation of repetitive data entry and EHR navigation activities. Instead of being stuck behind a computer, we help staff make the most of their time and focus on more meaningful tasks which ultimately reduce burnout, enhance patient care, and drive revenue.

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core philosophy

gall's law

A complex system that works is invariably found to have evolved from a simple system that worked.

The prevailing approach to detangling messes in healthcare and local economic development is to come up with game-changing programs that transform every aspect of a system. Those approaches are bound to fail with bloated expenses, complex stakeholder dynamics, and unreliable interdependencies.

We spend more time digging into the fundamental programs and processes which make up the whole -- rather than figuring out how to upend the whole -- to unlock the real opportunities for cost-effective and controlled scope of improvement

core philosophy

Lateral innovation

A design principle used by Nintendo to dominate gaming with products like the Gameboy, "lateral innovation with withered technologies" stresses using systems that reliably deliver results in other areas to build cost-effective solutions.

Many of the problems faced in regulated industries like healthcare have already been addressed in other areas such as consumer finance and logistics. There's no need to reinvent the wheel to deliver results with demonstrable ROI by taking innovations implemented in proven in adjacent realms.

focus area

Lobaas

Line of Business as a Service

Line of business as-a-service can streamline and automate the complex requirements and workflows to manage service lines in regulated markets -- allowing organizations to focus on sourcing talent who can be trained against established systems.

focus area

tol

Technological operating leverage

With technological operating leverage, we will implement the least amount of technology to drive the greatest impact in sustainable cash flow so that "transformation" does not just entail hiring an army of IT staff with little genuine upside for the organization.