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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.
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The paper is in relation to the analysis of the cost reduction technique in the health care organization along with ideas of how a health care organization can increase revenue and reimbursement. The fact that should be noted is that all the expenses that are being charged should be reasonable along with avoidance of any repetitive expenses.
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