Cost Containment

Get Smarter With Cost Containment in Healthcare

Americans continue to feel the pain of rising healthcare costs. But that shouldn’t stop people from accessing top-quality healthcare at an affordable price point, right?

Introducing Managed Health, a trusted partner for patients to save maximum on medical expenses without sacrificing the quality of care. Our team works with healthcare providers and insurers to create an effective and efficient cost-containment strategy for achieving their healthcare goals.

Consult Managed Health and start the journey to become better at optimizing healthcare costs for patients.


Cost Containment Strategies in Healthcare: The Smarter Ways to Cut Costs and Not Corners

Managed Health makes way for smarter healthcare spending. We strive for meticulous cost-containment strategies to regulate healthcare expenses in the best interest of the patients.

Preventive Care

Encourage preventive care and introduce healthy lifestyle habits that translate into reduced healthcare spending. Prevent the onset of diseases or early detection when treatment is less expensive.

Chronic Disease Interventions

Chronic care management programs reduce unnecessary hospital visits, 24/7 access to healthcare providers, affordable medication and treatment options, and reduced dependency on expensive therapies.

Value-Based Care

We support the value-based care model that incentivizes healthcare providers to improve patient care and health outcomes. The sooner the patient regains health and recovers, the better it is for the healthcare system.

Telehealth and Remote Monitoring

Embrace telehealth plans that reduce the need for physical visits for routine check-ups and follow-ups. Patients get instant medical attention without stepping out. It’s a win-win.

Care Coordination & Navigation

All thanks to the care navigation programs, patients can easily access the right care at the right time. Reduce the possibility of unreasonably expensive hospitalization and emergency services.

Reference Pricing

Establish a reference pricing policy that enables patients to enjoy moderate to large savings in drug expenditures for specific medical procedures and treatments.

Benefits of Cost Containment in Healthcare

Cost containment in healthcare benefits both healthcare systems and patients. Managed Health works with both individual patients and healthcare providers to meet their financial goals while maintaining top-notch patient care

For Patients

  • Access to affordable healthcare services
  • Maximize savings on medical spending
  • Access to specialized and preventive care
  • Improved health outcomes and recovery rates
  • Establish health equity
  • Reduced financial stress and foster long-term healthcare planning

For Healthcare Providers

  • Attain financial stability and sustainability
  • Higher profit margins
  • Efficient allocation of medical resource, especially critical supplies
  • Establish reward-based patient care
  • Reduced paperwork/ administrative burden
  • Invest in advanced healthcare technologies and systems

Frequently Asked Questions

Cost containment in healthcare is a comprehensive but calculated strategy to control and regulate expenses on medical care and services. All that without affecting the patient’s care and services. In fact, integrated efforts are made to maintain or improve patient care while cutting down on wasteful expenses.

We have successfully implemented cost containment in many healthcare organizations. However, cost containment is not a one-off strategy in healthcare. It should be an integral part of the ongoing cost-cutting strategic initiatives for driving maximum benefits to healthcare providers and patients alike.

The effectiveness however depends on various factors, including

  • The type of strategies
  • The organizational structure of the healthcare provider
  • The specific goals and objectives set by healthcare organizations.

Please note that cost containment often faces many challenges such as the reluctance of the leadership and the need for regular monitoring. We request consulting Managed Health and embark on the journey to build a cost-efficient healthcare system for patients.

The common healthcare cost containment strategies include

  • Preventive care promotion
  • Care coordination
  • Virtual care
  • Medication management

No, cost containment drives optimized resource allocation and improved healthcare efficiency. In comparison, cost-cutting may involve reducing services or staff that may negatively impact patient care.

Healthcare organizations are required to set key performance indicators (KPIs) for measuring and monitoring the impact of cost containment strategies. It includes business profitability, patient outcomes, and regular reviews of the cost containment plans.