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 ?
This is just one example of what consultant pharmacists can do to improve risk management and, as a result, help with cost containment in a way that improves, rather than erodes, quality of care.
Also since 1997, no jurisdiction has mandated the use of managed care and no new jurisdiction has added treatment guidelines as a cost containment method.
Further, an important factor affecting the ethical acceptability of most cost containment measures is the process by which those measures are adopted-that process should be public, allowing input from all affected parties so as to increase policymakers' accountability for their decisions.
Managed-care-type cost containment has succeeded in limiting cost increases to employers, but only by shifting responsibility for payments to the individual patient and to the public sector.