"At a time when out-of-pocket payments for health care are increasing, and the growing number of 'consumer-directed' high-deductible health plans put more pressure on patients to make cost-efficient health care decisions, the opacity of health care pricing is increasingly concerning," the study authors wrote.
2 At a time when out-of-pocket payments for healthcare are increasing, 3 and the growing number of 'consumer-directed' high deductible health plans put more pressure on patients to make cost-efficient healthcare decisions, 4 5 the opacity of healthcare pricing is increasingly concerning.
People and businesses alike made cost-efficient savings- installing building insulation, double glazing, switched off lights and recycling to avoid a punitive landfill tax.
Interview respondents noted that the lack of laboratory capacity slowed the testing process and prohibited inspectors from making cost-efficient judgments about required follow-up action.
With the current excitement around companies like SpaceX and Blue Origin, he said "the private sector has a lot to offer in accelerating a mission like this and making it cost efficient".
I really think you can change the design of something to make it more cost efficient but if you're doing it at the expense of someone actually reading the document, what's the point?
From an efficiency point of view, capital slack can be considered as idling resources and may thus make firms less cost efficient (note that a positive significant impact means less efficient).
This is because the original purpose of quality standards such as ISO 9000 was to promote international trades, enhance sales performance of firms, reduce quality issues and make firms more cost efficient.
And in the way that tech has managed to disrupt other very closed industries and force change and make them more cost efficient and transparent, there's no reason that can't happen in public finance as well.
They make every expenditure cost efficient by negotiating for extended payment terms, relative to calendar days when payment is due; or by getting a cash discount for paying within 10 or 15 days; or by getting some other compensation from the supplier, such as free delivery or an advertising allowance, and so forth.
To make such interventions cost efficient it is essential to identify high risk population correctly.
