Understand How Reimbursement Contributes to the Need for Cost Containment

You are the manager in a health care organization, and you have been directed to come up with a plan to cut your budget by 5%. Discuss the following:

What expenses will you cut? Justify the cuts you choose.
Describe how these cuts will affect patient-centered care.
Include both positive and negative effects.
Provide at least 1 reference for this discussion.

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You have been placed on a committee in your health care organization. The committee has to create a set of cost containment strategies that will positively impact (decrease) operating expenses. The committee is also challenged with increasing reimbursement.

Provide 5 cost-cutting strategies that the committee could recommend to the executive board.
Describe how these cuts will benefit patient care or business systems.
Provide 5 ideas on how to increase revenue or reimbursement. This answer can include short-term and long-term goals.
Describe how these revenue or reimbursement systems benefit patient care or the business systems.
Provide at least 2 references that reinforce the strategies you have chosen.

Please submit your assignment.

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