Reducing benefit costs through consumer information
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Reducing benefit costs through consumer information a study of physician selection by Maryon F. King

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Published by International Foundation of Employee Benefit Plans in Brookfield, Wis .
Written in English

Subjects:

Places:

  • Indiana,
  • Bloomington.,
  • Bloomington

Subjects:

  • Physician services utilization -- Indiana -- Bloomington.,
  • Consumer education -- Indiana -- Bloomington.,
  • Employee fringe benefits -- Indiana -- Bloomington -- Cost control.

Book details:

Edition Notes

Other titlesPhysician selection.
Statementby Maryon F. King.
SeriesResearch report / International Foundation of Employee Benefit Plans ;, rept. 84-5, Research report (International Foundation of Employee Benefit Plans) ;, rept. 84-5.
ContributionsInternational Foundation of Employee Benefit Plans.
Classifications
LC ClassificationsRA410.6 .K56 1984
The Physical Object
Pagination11 p. ;
Number of Pages11
ID Numbers
Open LibraryOL2623087M
ISBN 100891542639
LC Control Number85190621
OCLC/WorldCa11738793

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Let us make an in-depth study of Cost Reduction systems in an Organization. After reading this article you will learn about: 1. Meaning of Cost Reduction 2. Techniques of Cost Reduction 3. Cost reduction is a planned positive approach to reduce expenditure. It is a corrective function by continuous process of analysis of costs, functions, etc. In core activities, identify costs related to customer facing activities. Label them as customer facing costs. Label all other costs as non-customer facing costs and look for ways to reduce these - but with caution. For that the following strategic initiatives would bear dividend: Offshore these activities to locations that offer arbitrage. Employers provide these inexpensive employee paid programs to help employees effectively manage legal matters, reduce stress of legal matters, and protect themselves in this litigious society. You can’t stop medical costs from rising.   In 9 out of 10 conversations, we are hearing about the pressures to reduce costs in this tougher economic environment. Here are four ways to manage and reduce costs on your employee benefit plan: Go to market. It’s a pretty competitive marketplace today.

There are ways to handle the customer relations issue, but it could cost money and take time and energy. ==> Benefit: Helps Launch New Product Lines. Lowering prices of new products or even existing products can help launch new product lines. For example, when Apple launches a new iPhone, they almost always lower the price of the old iPhone.   In the climate of health care reform, much attention has been paid to the Triple Aim of improving population health, reducing costs, and improving patient experience. The goals of the Triple Aim framework, which was developed by the Institute for Healthcare Improvement, are complex and challenging, but become less so when broken into smaller. A consumer seeking reliable sources of information should consider all the following except the a. length of a book or report. b. purpose of a book or report. c. qualifications of the author or speaker. d. adequacy of the presented evidence. It is not uncommon for employees to pay % of the cost of their benefits package. 4. Educate your employees. There is a difference between the costs of HMO and PPO plans. Educating your employees on the costs and features of each as well as helping them choose the right plan can significantly impact overall benefits costs.

  3) Match terms with turns. Each item in your inventory moves at a different rate. And yet suppliers normally apply a one-size-fits-all approach to payment terms. You can reduce Author: Steve Odland. The rising tide of employee benefits costs is forcing tough decisions to be made by executive teams, financial officers and HR, often reducing disposable income for employees to maintain benefit levels. This was one of the key findings of Trends and Tradeoffs in Employee Medical Benefits. Costs and benefits (C/B) of geographic information systems (GIS), methods of spatial C/B, and relationships of GIS costs and benefits to firm size and spatial strategic level are analyzed through. A. All retailers can increase sales, and reduce costs, by using high performance information systems. B. All retailers can develop a competitive advantage from their information and supply chain systems. C. The competitive advantage from information and supply chain systems is easy to be duplicated by competitors.