SOURCE: Practice Greenhealth

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October 24, 2016 15:31 ET

Greenhealth Exchange Adds New Owner; University of Vermont Health Network Latest to Sign on to Purchasing Cooperative

New owner invests in continued effort to build a unique marketplace that will feature a broad range of green products used in health care settings; online catalog set to launch later this year

RESTON, VA--(Marketwired - October 24, 2016) - Greenhealth Exchange (GX) -- a purchasing cooperative that makes it easy to source products and services used in health care settings that are good for people, the planet and the bottom line -- announced today that The University of Vermont (UVM) Health Network has become the newest owner to join the organization.

The UVM Health Network has been acknowledged over the years with awards from leading national organizations for its sustained efforts to reduce energy consumption, waste stream and carbon footprint, and to increase the use of healthy, locally produced foods.

"At The University of Vermont Health Network, we believe practicing green health care is the right thing to do for our patients, the environment and the communities we serve. We're proud to become the latest owner of Greenhealth Exchange," said Charles Miceli, Vice President, Network Chief Supply Chain Officer. "This investment is an exciting next step in our continued efforts to be one of the greenest health care organizations in the nation and provide leadership that helps drive change across the sector as a whole."

"We welcome The University of Vermont Health Network to Greenhealth Exchange, adding its strong history of prioritizing products that support healthy people, a healthy environment, and healthy communities. We're thrilled to have their support," said John Strong, President of GX. "This new partnership further strengthens our efforts to ensure hospitals have greater access to high-quality green products at competitive prices and a way to finally know what's in a product and the attributes that make it green."

Health care organizations in the U.S. purchase more than $300 billion of goods and services each year, accounting for 17 percent of the marketplace. Strong shared that this buying clout puts hospitals and health systems in a strong position to accelerate the adoption of products that are safer and healthier and spark innovation in the supply chain.

The UVM Health Network joins the nation's top leaders in health care sustainability who launched GX earlier this year. Founders include four health systems -- Dartmouth-Hitchcock, Dignity Health, Gundersen Health System, and Partners HealthCare -- along with longtime sustainability advocates Health Care Without Harm and Practice Greenhealth. Since the launch, GX has continued its focus on developing a network of suppliers.

With the addition of The UVM Health Network, the purchasing cooperative is now backed by a combined total of 60 hospitals that together represent $25B in annual revenues and almost $5B in purchasing power.

"With the support of our owners and our product manufacturers and suppliers, GX is on track to launch its online catalog by the end of the year," said Strong.

Through detailed product specifications and supplier performance requirements, the unique marketplace will offer members access to the following:

  • High-quality green products brought together in one catalog at competitive prices.
  • Apples-to-apples comparisons on key product features including price and sustainability score plus health, environmental and community benefits.
  • Tracking and reporting the benefits associated with every purchase.

Strong shared that additional major health systems are expected to join GX as owners before the catalog goes live. Learn more about GX and follow the latest updates by visiting the website: www.GreenhealthExchange.com

About Greenhealth Exchange
Greenhealth Exchange (GX) is a Public Benefits Corporation structured as a purchasing cooperative created by Practice Greenhealth, Health Care Without Harm, and leading health systems deeply committed to environmental sustainability in health care. GX makes it easy to source products and services used in health care settings that are good for people, the planet and the bottom line. We work with our members to spark innovation in the supply chain: getting to next generation products, smarter and faster. www.GreenhealthExchange.com

About The University of Vermont Health Network
The University of Vermont Health Network is a five-hospital system serving the residents of Vermont and northern New York with a shared mission: working together, we improve people's lives. The partners are:

Our 4,000 health care professionals are driven to provide high-quality, cost-efficient care as close to home as possible. Strengthened by our academic connection to the University of Vermont, each of our hospitals remains committed to its local community by providing compassionate, personal care shaped by the latest medical advances and delivered by highly skilled experts.

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