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Definitions from the Web

Cost-Containment

Description:

Cost-containment refers to the measures and strategies implemented to control or reduce expenses in various areas such as business, healthcare, or public services. Its goal is to minimize costs while maintaining quality or effectiveness.

Examples:

Example 1 (Noun - Business):

The company implemented a cost-containment policy to reduce unnecessary expenditures and increase profitability.

Example 2 (Noun - Healthcare):

The hospital implemented various cost-containment measures to decrease the overall healthcare expenses without compromising patient care.

Example 3 (Adjective):

The cost-containment efforts resulted in significant savings for the government, allowing more funds to be allocated for education.

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