cost avoidance for

USAGE SUMMARY

"cost avoidance for" is correct and can be used in written English.
This phrase is generally used to refer to a situation in which money is saved or expenses are minimized. For example, "The company focused on cost avoidance for the new product launch to ensure maximal profitability."

✓ Grammatically correct

Science

News & Media

Formal & Business

Human-verified examples from authoritative sources

Exact Expressions

5 human-written examples

"Recycling is still a cost avoidance for us," she said.

The New York Times

Since then it has yielded $965,000 in cost avoidance (for care associated with treating the consequences of medication errors).

Harvard Business Review

Examples of these advantages can include mitigation of impact from change, cost avoidance for new development as the result of reuse, and an ability to exploit the prior investment in legacy technology assets.

SOA and Web Services Interface Design Principles, Techniques, and Standards

A cost analysis performed at our institution from 1995 to 1998 showed significant cost avoidance for both the hospital and the Ministry of Health [ 14].

BMC Health Services Research

The cost avoidance for each individual intervention was determined and total cost avoidance was accordingly calculated through summation of the individual interventions.

BMC Health Services Research

Human-verified similar examples from authoritative sources

Similar Expressions

55 human-written examples

The modeling-informed no-go decisions for these key impacts resulted each year in direct substantial cost avoidances for planned clinical trials as assessed by the finance department.

CPT: Pharmacometrics and Systems Pharmacology

This reduction followed projected cost savings and cost avoidances for vaccines and child survival supplies worth a total of US$735 million in the coming years, according to UNICEF Supply's Annual Report 2011.

Unicef

During the calendar year 1987, 33,500 O.R. applications were processed, defendants were free on O.R. for 464,000 days and a cost avoidance of $14 million was affected.

Los Angeles Times

Although the benefit of palonosetron should be weighed against its higher acquisition costs, the potential cost avoidance from CINV should be also considered when evaluating 5-HT3 receptor antagonist therapies for formulary placement.

Core Evidence

A total cost avoidance of €708,221 was generated.

BMC Health Services Research

Mean cost avoidance of €166 per intervention was generated.

BMC Health Services Research

Expert writing Tips

Best practice

When discussing financial planning, use "cost avoidance for" to illustrate strategies that prevent future expenses rather than simply reducing current ones.

Common error

Avoid using "cost avoidance for" when you actually mean "cost savings". Cost avoidance prevents future expenses, while cost savings reduces current spending.

Linguistic Context

The phrase "cost avoidance for" functions as a modifier clarifying the context or purpose of avoiding costs. It specifies what the cost avoidance is in relation to, as illustrated by Ludwig examples like "cost avoidance for new development" and "cost avoidance for vaccines".

Expression frequency: Uncommon

Frequent in

Science

60%

News & Media

30%

Formal & Business

10%

Less common in

Academia

0%

Encyclopedias

0%

Wiki

0%

Ludwig's WRAP-UP

In summary, "cost avoidance for" is a grammatically sound phrase used to specify the target or reason for cost-saving efforts. Ludwig AI confirms its correctness and common usage across science, news, and formal business contexts. While often confused with "cost savings", "cost avoidance for" emphasizes preventing future expenses rather than reducing current ones. To enhance clarity, it's beneficial to clearly identify what expenses are being avoided. Strategies like "reducing costs related to" or "minimizing expenses for" can offer alternative phrasing when appropriate.

More alternative expressions

Phrases that express similar concepts, ordered by semantic similarity:

reducing costs related to

Focuses on the action of cost reduction concerning a specific item or situation.

minimizing expenses for

Highlights the act of keeping expenses as low as possible for a particular purpose.

preventing costs associated with

Emphasizes the proactive aspect of stopping costs before they occur in relation to something.

limiting expenditure on

Stresses the control and restriction of spending on a specific item or area.

containing costs related to

Suggests efforts to keep costs within certain boundaries for something specific.

optimizing spending for

Focuses on ensuring the best use of money for a specific goal or item.

cutting down on costs for

Highlights the action of diminishing expenditures for a specific aspect.

decreasing outlay for

Emphasizes the reduction of financial expenses for a specific undertaking.

avoiding expenses linked to

Highlights the action of bypassing all costs that are linked to something specific.

curtailing spending on

Focuses on the reduction and limitation of expenses when related to something specific.

FAQs

How is "cost avoidance for" different from "cost savings"?

"Cost avoidance" refers to actions taken to prevent future costs from being incurred, while "cost savings" involves reducing existing expenses. For example, investing in preventative maintenance can be a "cost avoidance strategy".

What strategies qualify as "cost avoidance for" a project?

Strategies that qualify as "cost avoidance for" a project include things like negotiating favorable contracts, using open-source software, and implementing efficient resource management techniques.

In what business contexts is "cost avoidance for" particularly important?

"Cost avoidance for" is especially important in industries with high operating costs, such as healthcare, manufacturing, and logistics, where proactive measures can significantly impact the bottom line.

Can you provide examples of effective "cost avoidance for" in healthcare?

Effective "cost avoidance for" in healthcare includes preventative care programs, early detection of diseases, and efficient supply chain management, all of which aim to reduce future medical expenses.