Conductiv, a leading third-party spend optimization solutions provider, announced today an initiative to help healthcare providers better identify and increase their spend with local and minority-owned suppliers.
Editor's note: this article originally appeared on Conductiv's website.
As local, minority-owned suppliers have struggled with the economic impact of COVID-19, and the public advocates for businesses that promote greater equality, Conductiv’s latest enhancement offers diverse suppliers an effective and proven way to grow their businesses, while enabling providers to encourage and promote diversity with their third-party service providers.
“Healthcare providers are looking to support a more diverse and inclusive roster of suppliers—including community-led minority-, women- and veteran-owned businesses—but it can often be difficult to identify diverse suppliers with capabilities needed within the healthcare industry,” said Conductiv CEO Chris Gormley. “Recognizing both the importance and need for national change in this moment, we immediately deployed a team of developers to create technology enhancements that enable Conductiv’s members to increase their percentage of spend with diverse and local suppliers. Studies have shown that population health and economic performance are correlated and hold influence over social and environmental outcomes.”
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