Healthcare cost is depleting our pockets

We are all aware that the United States currently ranks highest in health care spending among the developed nations of the world.  Lack of transparency in pricing can cause inflated billing, especially in emergency situations.  Houston Business Journal did a survey asking business owners: “What keeps them up at night?” where 75% of business owners are concerned about the costs of health insurance. An executive order There might be some hope for the future with improvements like the newly signed …

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What is Cost Reduction Anyways?

As a Cost Reduction Advisor, I get asked this question a lot.  Most fear that cost reduction is about making drastic cuts, kind of like getting on an extreme diet to lose weight. Who loves that? Personally, I do not. Anything extreme always ends in failure. Cost reduction is the process used by companies to reduce their costs and increase their profits. Depending on the company’s products or services, their strategies can vary. Why cost reduction strategies fail The majority …

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