JoAnna Abrams, Founder & CEOPurchasing teams are tasked with not only delivering on price, quality and performance, but are under constant pressure to do so faster, better and cheaper. The supply chain is looked to as a source of cost reduction for businesses, and in many cases the solution for offsetting growing expenditures elsewhere, such as rising employee healthcare costs.
“Maintaining a healthy, productive workforce is a direct contributor to our country’s $3.2 trillion healthcare industry,” says JoAnna Abrams. This industry represents 18 percent of the total U.S. GDP at an average cost of $9,990 per person. Over $300 billion is spent supplying and equipping healthcare providers with millions of products in hundreds of categories such as food, apparel, medical devices and furniture. “As it turns out, these products have everything to do with our health.”
“Scientific studies conducted over the past fifty years have revealed a direct correlation between the products filling our homes and businesses and the health of our environments,” remarks JoAnna. Choices made in materials, ingredients, production practices, packaging, distribution, and product disposal have resulted in pollutants in air, water, soil and food supply, which have been linked to a range of chronic illnesses. Growing awareness has resulted in demand by consumers and businesses for greater transparency to understand what’s in the products they buy, and how they can make informed purchasing choices.
For the past six years, MindClick has been responding to this demand, deploying robust purchasing intelligence solutions and working with over one hundred suppliers to help Marriott furnish hotels in ways that are better for human and environmental health. Now, MindClick is applying the same model to the healthcare industry, helping providers deliver better care while promoting the health of the populations they serve.
Population Health based purchasing allows healthcare contracting and purchasing teams to evaluate the human and environmental health impact of suppliers’ products, and suppliers are responding. Companies such as 3M, Johnson and Johnson, Cook Medical, GE, and Standard Textile are demonstrating their commitment to producing products in ways that are better for human and environmental health, making conscious choices about materials, production practices, packaging and product disposal options.
We are dedicated to supporting healthy and vibrant communities through the power of smart purchasing
However, these attributes yield millions of data points, overwhelming purchasing teams. MindClick solves this problem through their Healthcare Sustainable Purchasing Index (HCSP).
MindClick’s cloud-based HCSP delivers powerful visual analytics, simplifying reams of verified product environmental performance data, and going beyond clinical outcomes and cost savings to support population health. The HCSP Index delivers a powerful solution for suppliers as well, providing for the first time an independent third party verification, reporting and marketing solution. This data helps suppliers increase market share as a direct result of their choices of ingredients, materials, production practices, packaging, and product disposal.
Already taking action in this important space, in 2016 MindClick entered into a partnership agreement with Vizient, the healthcare industry’s largest group purchasing organization (GPO) with annual spend volume of $100 billion, to provide Population Health based purchasing solutions to its membership of over 50 percent of the nation’s acute care providers and more than 20 percent of the nation’s ambulatory market. MindClick’s HCSP Index is being deployed to collect, verify and report on the environmental health impact of over 150,000 medical and non-medical products sourced and contracted by Vizient.
MindClick CEO, JoAnna Abrams, states that in the near future, MindClick will have agreements in place with GPOs representing over 90 percent of total spend across the entire U.S. healthcare sector. “Together we will ensure healthcare providers throughout the U.S. market have the powerful intelligence they need to support Population Health and truly deliver on Do No Harm-clinically, economically, and environmentally,” she concludes.