Tackling these and other questions upfront will go a long way in strengthening transparency and enhancing communications around your organization's cost reduction effort.

1. Channonconsulting.com 847.945.2409 © 2015 Channon & Associates
Tackling 10 Tough Questions Upfront
Regarding Your Cost Reduction Initiative

2. Channonconsulting.com 847.945.2409 © 2015 Channon & Associates
Tackling 10 Tough Questions Regarding Your Cost Reduction Initiative
1. Why do we need to reduce cost?
2. How much do we have to cut?
3. What is the scope of our cost reduction effort?
4. Will there be a layoff?
5. Isn’t a total process redesign required to meet our cost reduction goals?
6. My department is beating benchmarks so why do I have a target to reduce cost?
7. I don’t agree with my cost reduction target. Can I change the target?
8. Can I substitute non-labor savings for my FTE and labor reduction target?
9. How will we take into account clinical and quality concerns and growth initiatives
during this initiative?
10. When will this be over?
Tackling these and other questions upfront will go a long way in strengthening organizational
transparency and enhancing communications around cost reduction effort
Key Takeaway