cost minimization


Also found in: Financial.

cost minimization

The selection or employment of the least expensive of several health care options.
References in periodicals archive ?
A full-service investor relations consulting firm, Clear Perspective Group, LLC (CPG(SM)), benefits clients via its dedication to cultivating long-lasting relationships while setting industry standards for effective service and cost minimization.
The ICAS Group delivers revenue assurance and cost minimization solutions to telecommunications companies in every segment (ILEC, IXC, wireless, ISP, and CLEC).
The company is strategically positioned to become the global leader in revenue management and optimization solutions, benefiting from the shift in business from cost minimization to profit maximization.
We are helping eliminate cost minimization and decision-making by anecdote.
The Alliance's site selection decision will also consider other factors such as the protection of environmental resources and human health and safety, cost minimization, and the ability to meet the design and construction schedule.
Giga's TEI model goes beyond the traditional review of cost components and cost minimization to include analysis and quantification of both business benefits and flexibility, plus a quantified analysis of the risks associated with a particular project or service.
As a result, location decisions at every level of the corporate organizational structure, from off-shored call centers and remote branch plants and warehouses right up to the corporate head office, are all being made with cost minimization as an overriding objective," stated Jack Boyd, President of The Boyd Company.
Each level of planning uses innovative optimization technology to ensure decisions reflect management objectives, such as cost minimization, profit maximization or operational metrics, such as cycle time and order delivery reliability.
Participants must design adequate strategies to access new markets and determine the right combination of technology, cost minimization, and strategic alliances to ensure strong business momentum.
Exsorbet is aggressively implementing consolidation and restructuring, management cost minimization, and reduction in duplicated salaries and labor.
Eco-Systems is committed to waste and cost minimization to its partner-clients through establishment of long-term, mutually beneficial relationships.
A cost minimization study that used a decision analytic model was done to compare in-hospital diagnosis and treatment costs using the Candida albicans peptide nucleic acid fluorescence in situ hybridization (PNA FISH) test versus the C.