[HEALTHCARE SUPPLIER DIVERSITY]
How do
health-insurance
companies
compare to
other industries
in supplier
diversity?
OF PROCUREMENT SPENT WITH DIVERSE SUPPLIERS
4.9%
4.2%
Minority-Owned Suppliers
Women-Owned Suppliers
3.6%
3%
3%
2%
DIVERSITYINC
TOP 50
TOP HEALTH
INSURANCE
OTHER HEALTH
INSURANCE
Based on data we’ve collected over the years, the
health-insurance industry, collectively, is slightly below
average in supplier-diversity efforts.
The industry scored 7 (out of 11) points for supplier diversity, behind
those such as technology, consulting and pharmaceuticals (an industry
that historically has not been strong in supplier diversity but has ramped
up efforts in the past few years). This is not to say that every health-insurance company is not competitive in supplier diversity. In fact, Aetna,
Health Care Service Corp., and WellPoint, Nos. 19, 26 and 36 in The
DiversityInc Top 50 Companies for Diversity, respectively, are significantly
ahead of their industry peers in procurement spent with minority- and
women-owned business enterprises (MWBEs) and are competitive with the
DiversityInc Top 50.
Consider the additional facts we extrapolated about
these three competitors:
CEO SIGNS
OFF ON
SUPPLIER
DIVERSITY
100%
84%
36%
90%
36%
98%
73%
100% 100% 100%
94%
64%
REQUIRE
SECOND-TIER
SUPPLIER
DIVERSITY
SUPPLIER-DIVERSITY
METRICS INCLUDED IN
RFPS AND/OR VENDOR
CONTRACTS
TIE PROCUREMENT-
MANAGEMENT
COMPENSATION TO
SUPPLIER DIVERSITY
OTHER HEALTH-INSURANCE COMPANIES
DIVERSITYINC TOP 50 HEALTH-INSURANCE LEADERS
DIVERSITYINC TOP 50
In conclusion, while your industry is historically behind in supplier diversity, Aetna, Health Care Service Corp. and WellPoint are ramping up their
efforts. Since 2008, the three have increased their procurement spend
with MWBEs by 25 percent while their industry peers have decreased
spend by 3 percent.
Developing strong relationships with suppliers builds
brand loyalty and leads to increased business opportunities, partnerships and exposure.
BY SHANE NELSON
[ASIAN-AMERICAN EMPLOYEES]
What are the metrics for
the last three years for
The DiversityInc Top
10 Companies for
Asian Americans?
BY C. CRAIG JACKSON AND LUKE VISCONTI
We’ve provided a chart (next page) highlighting key three-year trends in the factors that are important in our assessment of The DiversityInc
Top 10 Companies for Asian Americans. Please note
that our list is not simply a list of who has the highest number of Asians. This list is a measurement of a
balanced and inclusive work environment for Asians,
as well as EVERYONE else. Key factors include
whether the company has an employee-resource
group for Asians and the levels of participation. We
also look at demographics of the workforce, new
hires, management levels, promotions into and in
management, and board of directors.
The percentage of Asian new hires in The
DiversityInc Top 10 Companies for Asian Americans
