Cleveland, OH

Cleveland Clinic's Supplier Diversity Program helps minorities and local businesses to build community wealth

James Stephens

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CLEVELAND, OH — Cleveland Clinic is one of the 12 US health systems to sign the “Impact Purchasing Commitment” by the Healthcare Anchor Network in partnership with Health Care Without Harm and Practice Greenhealth.

Signing the “Impact Purchasing Commitment” supports Cleveland Clinic’s Supplier Diversity Program. Cleveland Clinic has its goal to double its 2020 spend $80 million with diverse suppliers to $160 million by 2025.

The “Impact Purchasing Commitment” includes increasing spending with minority and women-owned business enterprises (MWBEs) as well as local and employee-owned, cooperatively owned, or nonprofit-owned enterprises, by at least $1 billion total over five years.

Cleveland Clinic will continue to attract, support, and partner with diverse business enterprises to serve the local needs.

The supplier diversity program will support the clinic’s commitment by identifying and working with qualified diverse suppliers to increase their participation in Cleveland Clinic’s procurement opportunities.

It was estimated that one in five small businesses closed throughout the pandemic. It has particularly affected small businesses owned by immigrants, women, and Black, Latinx, and Asian individuals, whose businesses have experienced higher rates of closures and sharper declines in cash balances.

In addition, these small businesses give local jobs opportunities, including downstream jobs such as with suppliers and other vendors, economic opportunities, and community wealth building that works to produce broadly shared economic prosperity and ownership. Thus, the closure of many small and MWBE businesses significantly impacts racial inequality and health equity.

“Investing in minority and women-owned businesses is a priority for our organization. As an anchor institution, our goal is to create the healthiest community for everyone. Our commitment to working with diverse suppliers is an example of our actions to address social determinants of health and support our neighbors,” said Adam Myers, M.D., Cleveland Clinic Chief of Population Health.

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