A study by the Hackett Group showed that organizations that focus heavily on supplier diversity generate 133% greater return on their cost of procurement. Additionally, under a supplier diversity program, companies drive an additional $3.6 million to their company's bottom line for every $1 million in procurement operations costs according to the study. The healthcare industry is one that faces significant challenges to widespread supply chain inclusivity. It is also an industry that could make a major impact—and reap serious benefits—by making supply chain supplier diversity a top priority. This IDN Panel will feature three Executives who have built successful diversity programs at their IDN and offer insight on how you can enhance diversity within your supply chain.

Learning Objectives:

1. Define goals for diversifying your supply chain and building a supplier diversity program.
2. Discuss ways to communicate to current and prospective partners and stakeholders to ensure their practices align with your IDN’s goals.
3. Identify opportunities to diversify other hospital contracts, such as those for advertising and marketing.

Session Material:

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