Avoidable Cost

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Avoidable Cost

A cost that a company does not have to pay if it does not take an intended action or cancels an ongoing action or activity. Avoidable costs are not necessary and generally are variable.
References in periodicals archive ?
Lack of care coordination resulted in fragmented care that was hard for these individuals to navigate, and resulted in potentially avoidable costs in emergency room, hospital and institutional care.
Health Home program saves more than $100 million for Medicare program over three years
"These unnecessary and avoidable costs pile on more pressure when people are trying to keep their bills as low as possible.
Renters left on the the hook for [pounds sterling]102 of other people's spending - how to kill the bill before it's sent; People routinely move in without checking
The Minister of Power,Works and Hiusing, Mr Babatunde Fashola, who kick-started the event, also listed other challenges where stakeholders must work together to improve upon in order to remove avoidable costs from road and related infrastructure development.
FG identifies bane of highways, roads
It is for cost accountants to help in innovation and improvement of processes and systems to reduce avoidable costs and make each rupee that is invested go that much further.
President Kovind inaugurates Platinum Jubilee Celebrations of Institute of Cost Accountants of India
Anjum Nisar also viewed we must be ensured that the dynamic and enduring benefits from CPEC accrue to the people living in the deprived districts of Baluchistan and Southern KP and by playing a more active role in maximising the benefits to the people of deprived districts and containing avoidable costs, the government must able to allay a lot of misapprehensions and doubts.
BMP moot held today in Gujranwala on issues faced by business community
Of the estimated avoidable costs, non-adherence (57%) far outpaced delayed evidence-based treatment practice (13%), antibiotic misuse (11%), and medication errors (9%) among total avoidable costs.
Bormioli Pharma: Dual-Chamber Packaging System
"We propose expansion of comprehensive medication management programs by clinical pharmacists in collaborative practices with physicians and other prescribers as an effective and scalable approach to mitigate these avoidable costs and improve patient outcomes," the authors write.
Nonoptimized Drug Therapy Costs More Than $500 Billion Annually; After initial Rx use, average cost of individual having treatment failure, new medical problem over $2,000
But the charity's report, Current, Future and Avoidable Costs of Stroke, predicts that an extra 9,000 people will be living with aphasia in less than 10 years' time.
'I HAD TO LEARN TO TALK AGAIN AFTER STROKE'
In doing so, they are incurring avoidable costs and reduced business performance and profitability.
Improved process plant performance at your service
Through taking a more informed decision-making approach, the company has reduced avoidable costs related to faults by 40 per cent, including a 51 per cent reduction in energy-related faults as well as a 49 per cent reduction in faults causing improper zone conditions.
Schneider launches IoT platform for smart buildings
(2) In addition to putting patients at risk, medical errors contribute to substantial avoidable costs estimated to exceed $17 billion annually in direct costs in the U.S.
The role of lab automation in reducing diagnostic errors
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