"Cost avoidance" refers to the act of preventing or avoiding expenses or losses that would have otherwise been incurred. It involves taking strategic measures to sidestep or reduce future costs, thereby saving money or resources. Full definition
Increase share holder value by returning savings to workable capital and increasing cost avoidance. (members.climber.com)
• Reviewed the guidelines involved in cost - savings and potential cost avoidance. (resume-now.com)
In a study published in the March 2017 issue of the Journal of Managed Care & Specialty Pharmacy, the researchers report the clinic's economic benefits, which include an estimated cost avoidance of $ 5,287 per DIMM clinic patient over three years. (sciencedaily.com)