Supplier Diversity

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.