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 ?
This lack of insight causes medication fulfillment gaps, which often lead to costly non-adherenceadding up to as much as $280 billion in avoidable costs each year.
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.
In doing so, they are incurring avoidable costs and reduced business performance and profitability.
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.
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.
A new report by the Stroke Association into current, future and avoidable costs has found that there will be as many as 100,000 stroke survivors living in Wales by 2035 - a rise of 50%.
Should central banks hike interest rates well beyond this level, they will harm growth, threaten recession and deflation, and impose avoidable costs on society.
In Australia, avoidable costs in public hospitals total almost $1 billion AUDayear ($760 million USD), at a conservative estimate.
By ending DACA, the President-elect would be undermining the nation's promise to our retirees through the Social Security and Medicare trust funds and creating completely avoidable costs for employers.
Avoidable costs are those that are attributed to the direct and indirect costs (scrap costs, wasted engineering resources cost, tooling costs, etc.
From a health plan perspective, once a member joins the plan, it is imperative to know what will keep the member loyal, how to control avoidable costs, and how to engage the member so they are confident, healthy consumers.
Until this happens people will continue to be denied the best possible chance of living long, healthy lives and the already strained NHS budget crippled with avoidable costs.