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 ?
The Minister of Finance first announced during the February 2016 Budget Speech and the October 2016 Medium Term Budget Policy Statement that the National Treasury will issue regulations on cost containment measures for local government.
It is a comprehensive complement to the cost containment framework and online guide.
Compared to full coverage, cost-sharing reduces moral hazard by providing consumers with incentives for cost containment (Keeler and Rolph 1988).
Building upon the past success of the Small Cities Council Sharing Solutions series, brief descriptions of innovative cost containment or revenue generating programs can be submitted to NLC's Small Cities Council at miller@nlc.org.
Cost containment solutions allow healthcare payer organizations to enhance current claims adjudication systems with millions of edits--some with more than 30 million--while addressing 100 percent of the claims.
A similar look at contact center outsourcing can be seen when one considers that outsourcing contact center needs was once driven by cost containment but a backlash began when companies realized that though they were saving some money on agents' hourly rates by utilizing lower-wage agents offshore, looking to domestic centers made more sense because higher quality, what really mattered, improved customer loyalty.
I don't see cost containment, even though it is well intended, having the desired impact at all.
Hayes brings a wealth of experience in operations management, staff development and team building, strategic planning, growth strategies and cost containment to his new role.
Webber has a seasoned management team with a corporate culture focused on cost containment and optimal use of materials and equipment."
Led by the Administration and under the guise of "cost containment," the latest salvo this summer involves the Congress and state Governors in re-writing the entitlement by imposing mandatory co-pays and premiums for prescriptions and services.