Cost Containment


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Cost Containment

Any act or strategy that attempts to reduce a company's spending. Limiting use of the corporate credit card by managers or disallowing personal long distance phone calls are both examples of cost containment.
References in periodicals archive ?
of Boston, a development stage company, for the acquisition of a proprietary framework and service design that will include the individual technologies and procedure software necessary to create a managed care and cost containment environment that will assist persons with a serious and persistent mental illness to advance through the treatment and recovery process.
In contrast, firms saying they were "significantly" slowed by the recession were considerably less market-driven as a group: only 46 percent focused primarily on marketing, while 45 percent concentrated on cost containment.
the firm specializes in managed care and health cost containment in group health, workers' compensation and other insurance lines.
Through a suite of medical cost containment solutions for international assistance companies, TPAs, insurers and reinsurers, Hygeia focuses on delivering lower net costs by targeting four key areas: reducing billed charges, increasing level of discount, reducing administrative costs, and ensuring discount security.
CONTACT: David Coley, director of public information of the Florida Health Care Cost Containment Board, 904-922-5765/ CO: Florida Health Care Cost Containment Board ST: Florida IN: HEA SU:
It provides cost containment products to both the group benefits and workers' compensation markets, and is a leading developer and vendor of managed care software systems for HMO's, PPO's and TPA's.
Clients of PMCS have access to a cost containment solution that seamlessly incorporates into their daily claim processing routine.
was formed as a national service center to provide software-based medical cost containment services, including First Notice of Injury reporting, medical bill auditing, hospital bill audit, pharmacy bill audit, PPO usage and repricing, and utilization review.
PMA's alliance with QualCare in New Jersey is another component of PMA's medical cost containment programs.
Long will join the company as president of AIG's cost containment division, responsible for coordinating all of the company's workers' compensation cost containment activities and programs.
Kappauf will head the company's operation, including the initiation and implementation of a major cost containment program.
27 /PRNewswire/ -- Florida hospitals that admit a greater number of patients enrolled in health maintenance organizations (HMOs)/preferred provider organizations (PPOs) tend to have lower average charges than do hospitals with lower participation in those programs, according to results contained in a study released today by the Florida Health Care Cost Containment Board (HCCB).