COST CONTAINMENT WITH EMPATHY IN HOSPITALS

 

hospital care (video) 

      COST CONTAINMENT  WITH EMPATHY IN HOSPITALS

• Cost containment in hospitals is possible, when we follow budget, the cost incurred should be equivalent or below the purchase expenses mentioned in the budget.
• It is not single area, we have to consider all the departments of hospital.
• Motive of cost containment is not only to earn profit but also to provide cost effective services to the patients.
• Example: In case of tertiary teaching hospitals, time spent by clinicians on the patient only is to be considered while calculating unit cost of hospital services.
• It is also important considering community and political scenario.

 TOOLS FOR COST CONTAINMENT

1. Hospital formulary has to be established.
2. Material cost has to be monitored considering inventory control methods. 
3. Cost on salaries has to be evaluated.
4. Economic Order Quantity, principle has to be adapted.
5. First in first out for the drug formulations has to be followed.  
6. Safe-guarding the patients against the adverse effect of drug therapy.