Cost Saving is the difference between the originally planned cost and the actual, authorized cost of a Service or Length of Stay (LOS).

* Access to Utilization Management and/or Care Management * Permission to edit Cost Saving

When you want to add a cost savings entry for any request or program.

**Cost Savings** tab is found under the Program Journey section in Care Management or Request Detail in Utilization Management.

The Cost Savings page is divided into three main sections: Details, Original Costs, and Actual Costs. The following segments will provide guidance on how to complete each section.

In this example, the person is discharged one day early from a skilled nursing facility, saving higher cost of care, and sent home with four hours of home care services.

Creating Cost Savings

Click **Add Cost Saving**.

In the New Cost Saving window, enter information about the cost saving:

The **Savings documentation start** field will pre-populate with the current date, but you can update it if needed.

* Select a **Cost saving type**. * Select a **Risk type**.

Click **Create**.

To add Cost Savings Details, click the **Edit**  icon.

Use the **Edit Details** page to add more information about the cost saving:* Edit Savings documentation start (required field) * Savings documentation end * Medical director name * Description * Coordinated care discharge disposition

Click **Save**.

Enter the Original Costs:* Click **Add Original Cost**. * Select **Cost Type**. * Enter **Units**. * Enter **Cost per Unit**.

Click **Add**. The Original Cost is calculated and displayed.

Enter the Actual Costs:* Click **Add Actual Cost**. * Select **Cost Type**. * Enter **Units**. * Enter **Cost per Unit**.

Click **Add**The **Actual Cost** will be calculated and displayed.

The Total **Cost Saving** is calculated based on the difference between the Original Costs of one unit at a skilled nursing facility and the Actual Costs of 4 hours/unit of home care services and displayed in the top left corner.