s [3] systematic review of physician awareness of drug cost, by investigating doctors' knowledge of the cost of medications and factors influencing
cost awareness, not only showed a low cost estimation accuracy but also that high-cost items were more accurately estimated than inexpensive ones.
Cost awareness amongst anaesthetic staff is poor and the results are similar to our previous study (Bailey et al 1993).
Therefore, it could be reasoned that a lack of drug
cost awareness for that particular medication would be irrelevant.
Lutz Meschke, Member of the Executive Board Finance and IT at Porsche AG, emphasized the efficient organization and the high
cost awareness within the company.
Army Central (ARCENT) Director of Resource Management (DRM) was tasked by the Army's leadership to introduce and instill
cost awareness and a "cost culture" within ARCENT's span of resource management execution and thereby achieve significant savings.
Unlike some of our more fortunate counterparts in other hospitals, we have had to work with a lean budget for several years, so we are used to a pervasive
cost awareness.
Continuous
cost awareness together with sustained efficiencies in our processes ensured that the operating costs remained 13% equivalent to [euro]135M in 2009 versus [euro]117M in 2008.
In this new culture, Army leaders and managers routinely and effectively will incorporate cost considerations into their decision making, and this heightened sense of
cost awareness will create an increased demand for transformed business processes that deliver improved performance at lower prices.
The joint laboratory-pharmacy
cost awareness program has taken hold, although optimum drug prescribing is still a goal rather than a reality.
These include the practice of defensive medicine from fear of malpractice suits; lack of
cost awareness, failure to consider costs in ordering, and ordering old tests out of habit when newer technologies may in fact be less expensive; misunderstanding of test results and inexperience, both leading to requests for additional, unneeded tests; and professional peer pressure on residents and staff physicians to order tests or keep a patient hospitalized unnecessarily.
routeWATCH[R] Providing Valuable
Cost Awareness Across the Business
Recognizing the role my 14-member hematology staff could play, I devised a plan to promote
cost awareness at the bench.
