Cost Containment Under Healthcare Rules
In a regulated industry in which incentives don’t always align, leaders are committed to cost cutting despite complex and contradictory economic rules.
In a regulated industry in which incentives don’t always align, leaders are committed to cost cutting despite complex and contradictory economic rules.
I liked this article and insight into reasons cost containment, while recognized as important, does not always make the shortlist among other pressing priorities. One point not mentioned: While cost containment through reductions in utilization present a challenge due to the "schizophrenic reimbursement environment", reductions in indirect spending[INVALID] boring stuff like office supplies, energy, and other overhead[INVALID] go directly to the bottom line, regardless of payor mix. The ROI of such expense reductions is guaranteed; it's just not exciting!