Cost containment refers to strategies and practices aimed at controlling or reducing expenses within an organization. This approach is often used in various sectors, including healthcare, where organizations seek to manage rising costs while maintaining quality services. By implementing cost containment measures, businesses can improve their financial health and ensure sustainability. Common methods of cost containment include budgeting, reducing waste, negotiating better prices with suppliers, and improving operational efficiency. Organizations may also invest in technology to streamline processes and enhance productivity. Overall, effective cost containment helps organizations allocate resources more efficiently and achieve their financial goals.