How Are Supplier Diversity Programs Influencing Health Equity?

Supplier diversity programs can influence health equity by intentionally seeking to foster economic growth for all.

I just read a very interesting article about how #supplierdiversity programs are influencing health equity.

Future of Sourcing recently published this great article on this topic where it states; ”…..Healthcare institutions can make deeper impacts to ensure that all people receive equitable, high-quality care. Within their communities, they must address social determinants as well as health related social needs that significantly affect health risks and outcomes, like housing instability, access to healthy foods, and community violence. The Health Research and Educational Trust (2015) noted that by adopting a Supplier Diversity program, hospitals, and health care systems “can support minority-owned businesses and communities while obtaining products and services of competitively high quality and value.

Supporting diverse-owned businesses is often a critical linkage between a company’s supply chain and health equity. Money spent with local, diverse-owned businesses can have a ripple effect, multiplying the economic impact through additional spending in the community by those businesses and their employees. ”

https://futureofsourcing.com/forging-a-path-to-health-equity-through-supplier-diversity

More sources: https://www.aha.org/ahahret-guides/2015-09-30-increasing-supplier-diversity-health-care