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A cost containment method for purchasing is bulk buying, where organizations purchase large quantities of goods or services at a discounted rate. This approach reduces per-unit costs, lowers inventory expenses, and can lead to better supplier negotiations. Additionally, implementing a just-in-time (JIT) purchasing strategy can minimize holding costs and reduce waste by ensuring that inventory arrives only as needed. Both methods help organizations manage expenses effectively while maintaining necessary supplies.

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What is a thing called cost containment?

Cost containment is a matter pertaining to the government and their relation to a hospital patient. Cost containment are actions that are being taken to try to reduce the prices of medical care.


When was Healthcare Cost Containment United Association created?

Healthcare Cost Containment United Association was created in 1985.


What is current purchasing power accounting method?

What is current purchasing power accounting method


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How successful was containment and what were the hidden cost and benefits to America?

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What are the limitation of tendering as a method of purchasing?

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What are the limitations of tendering as a method of purchasing?

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What is High-low method of variable cost and fixed cost?

High and low method is the method for separating fixed cost and variable cost from mixed cost.


How does purchasing power parity serve as a method to compare the relative value of currencies across different countries?

Purchasing power parity (PPP) is a method used to compare the relative value of currencies by looking at the prices of goods and services in different countries. It helps determine if a currency is overvalued or undervalued by considering the cost of a similar basket of goods in each country. This allows for a more accurate comparison of the purchasing power of different currencies.


Advantages and disadvantages of current purchasing power?

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What are the three different methods of cost containment and briefly describe how each method raises the cost of health care?

Three different methods of cost containment are: technological advances, the aging population, and health related lawsuits. Technological advances is raising the cost of health care because of the heart, kidney, lung, and liver transplants; transplants cost millions of dallors. The aging population is raising the cost of health care because older individuals have more chronic diseases and need more health services. Health related lawsuits is raising the cost of health care because lawsuits force health care providers to obtain expensive malpractice insurance.