cost-containment

listen to the pronunciation of cost-containment
Английский Язык - Турецкий язык
maliyet çevreleme
maliyet kontrolü
Английский Язык - Английский Язык
the attempt to control benefit costs by reducing the size of claims or minimizing administrative costs associated with benefit plans This approach is in contrast to cost shifting, which transfers costs to employees
Strategies used to limit or control costs Cost containment programs often include requirements by insurance companies for second opinions and pre-admission approvals for hospitalization Cost containment may also refer to policies developed nationally or statewide to slow the rising expenditures on health care
this phrase became the watch word of the 80's as the cost of medical services rose so rapidly that buyers of insurance called for restrain of charges Efficiency and reduction of profits were the two main strategies to reduce contain costs Rationing of services was not openly practiced, but there are examples of denying medical service for the purpose of reducing costs
Features in a plan of benefits or in the administration of a plan designed to reduce or eliminate certain charges to the plan such as charges for unnecessary surgery or hospital days thus improving the plan's loss experience
Control of inefficiencies in the consumption, allocation, or production of health care services that contribute to higher than necessary costs Inefficiencies are thought to exist in consumption when health services are inappropriately utilized; inefficiencies in allocation exist when health services could be delivered in less costly settings without loss of quality; and, inefficiencies in production exist when the costs of producing health services could be reduced by using a different combination of resources Cost containment is a word used in health care to describe most cost reduction activities by providers
Efforts or activities designed to reduce or slow down the cost increases of medical care services
The controller reduction of inefficiencies in the consumption, allocation, or production of health care services that contribute to higher than necessary costs
Provisions in a group medical plan aimed at holding down the cost of medical care Pre-certification, case management, and second surgical opinion are examples of cost containment provisions in a medical plan
Plan activities or provisions aimed at holding down the cost of medical care or reducing the rate of its increase
A set of strategies to reduce use of services and to encourage the substitution of more cost-effective services where appropriate Some people also consider it to include efforts to reduce the unit price of medical services
Control of the overall cost of health-care services The term is often associated with medical management programs
A process that attempts to limit services that may drive up costs
A broad term to describe a range of management actions, attitudes, and tools exercised by the sponsoring unit and/or its contractor, grantee or partner to reduce the costs of training The cost to be contained may be any direct or indirect trainee or training program cost Includes cost-sharing with the training provider, training contractor, host-country institution, or any other stakeholder
Reduction of inefficiencies in the consumption, allocation, or production of health care services Inefficiencies can occur when health services are used inappropriately; when health services could be delivered in less costly settings; and when the costs could be reduced by using a different combination of resources
The process by which companies implement new programs or modify existing programs to continuously monitor costs so as to better manage the costs to their business In the case of pharmacy benefits, this usually refers to providing similar acting drugs at lower costs For example, switching to Allegra® from Claritin®
Strategies used to limit or control health care costs that do not sacrifice the quality of care
Efforts by purchasers and by providers to control health care costs through mechanisms such as benefit design, pre-admission certification, pre-admission testing, and concurrent review programs; second opinion programs; discharge planning; claims audits, case management, and employee education
The effort to reduce or hold down health care costs
1 The firing of employees and/or the reduction of plant and equipment
The method of preventing healthcare costs from increasing beyond a set level by controlling or reducing inefficiency and waste in the healthcare system
cost-containment
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