Supply Change
At Mount Sinai Health System, we understand the importance of having a wide supplier base that is reflective of our patients and community at large. Working with a large variety of suppliers and small businesses allows us to access new ideas that will bring continued value to our organization.
Mount Sinai Health System’s supplier program focuses on collaborating with a variety of small businesses while following the below guiding principles:
- Communicate the business case for supplier variety with all stakeholders
- Ensure business opportunities for small businesses in our procurement process
- Engage small businesses through networking opportunities and informative events
- Use our supplier program to strengthen our trust and partnerships within our communities
Business Case for Our Supplier Program
To understand how we will fulfill our guiding principles while overcoming the general challenges within health systems of supporting supplier programs, it is essential to understand our supplier program business case.
Clients (Patients)
Mount Sinai desires to support our patient population. One way to accomplish this is by purchasing products and services from local small businesses that are led by owners mirroring our localpatient population.
Competition
Mount Sinai seeks to maintain our status as a leader among health systems. Having a successful supplier program will aid in this pursuit by allowing competitive pricing, larger variety of products and services offered, and tiers of customer service necessary within our industry.
Communities
Utilizing local small businesses creates a wide ecosystem, where many of these establishment can employ our of Mount Sinai’s patients and ensures they have medical coverage they can use within our system.
Customization
Small business suppliers are often innovative and flexible in providing solutions to health systems. A supplier program will allow Mount Sinai to make use of the innovation spawned by these partners.
Cost
A wide and varied supplier base creates additional competition that leads to lower pricing, further driving costs down for the Health System and positively affecting our bottom line.
Commitment to Small Business’s & Suppliers
Mount Sinai Health System is committed to advancing small business growth throughout our community, including those companies that supply us with the products and services that allow us to provide quality care to our patients. We believe our supplier base needs to reflect the relationships and richness of the neighborhoods we serve and the patients who entrust their care to us.
We will achieve this by intentionally partnering with local organizations as well as small businesses in historically underutilized business zones. We will ensure these suppliers are actively identified and included in Mount Sinai’s purchasing strategies and sourcing activities by setting intentional specific metrics, identifying and addressing gaps in areas such as spend level or within specific commodities, using these metrics across the organization to stay on course, and partnering with our group purchasing organization to support small business growth.
Our commitment to growing small business suppliers is part of our overall strategy. By partnering with more varied and local suppliers we can provide groundbreaking and compassionate health care, strive to improve health outcomes and contribute to a more customizable environment for our community.
To learn more about our commitment to our supplier programs or to ask questions, please email supplierdiversity@mountsinai.org.
Brendan Carr
Chief Executive Officer
Mount Sinai Health System
Vincent Tammaro
Executive Vice President
Chief Financial Officer
|Mount Sinai Health System
Gary C. Butts, MD
Executive Vice President
Chief of Diversity, Equity, and Inclusion
Mount Sinai Health System
Dean for Diversity Programs, Policy, and Community Affairs
Icahn School of Medicine at Mount Sinai
Small Business Classifications and Definitions
- Small Business. A domestic business, including its affiliates, that is independently owned and operated, is not dominant in its field, and has been categorized by the United States Small Business Administration as “Small” in accordance with 13 CFR Part 121, Small Business Size Standards.
- Subcontract. An agreement entered into between a first-tier supplier (prime contractor) and a second-tier supplier (subcontractor) for the subcontractor to provide materials, supplies or services required to fulfil the deliverables of a contract.
- Local Business – Businesses that are headquartered and/or operated within 8 miles of one of Mount Sinai Health Systems locations/offices throughout the state and 5 borough’s.
OIG Compliance Now
Mount Sinai Health System requires that all suppliers doing business with our organization register their company information in the OIG Compliance Now system. Appropriately managing our supplier relationships is an essential part of providing world-class care to our patients and our community.
All vendor companies that have a medical, pharmaceutical, device, or other clinically related representative who visits any MSHS facility are required to have their representative register through the “vendor representatives” portal. Vendor representatives will be required to sign in and obtain a badge at the time of your visit.
We want to ensure that our vendor/supplier relationships remain productive and mutually beneficial. Thank you in advance for your support and adherence to our supplier program.
If you have any questions, please contact Evolution Consulting, LLC at 607-773-2266 or online if you have any questions.
Quick Links
Vendor Policy – Policy on Interactions with Vendors and Other Commercial Entities
Vendor Credentialing Service