Inova Health System, based in northern Virginia, is a complex network of hospitals, outpatient facilities, physician practices, and health and wellness initiatives that serves more than 2 million people a year. The breadth of services provided makes for an equally complex method of getting physical materials—blood samples, lab results, medical equipment, pharmaceuticals, supplies and more—from one location to another.
Healthcare Finance News reported that according to a recent survey, “more than half of U.S. hospitals now make sustainability a factor in purchasing decisions.” Even more importantly, the survey found that over 80 percent of hospitals in the U.S. expect to engage in sustainability purchasing within two years.
And that’s not surprising given that a different study from The Commonwealth Fund (also reported in Healthcare Finance News), found that hospital sustainability efforts could save the healthcare industry up to $5.4 billion over five years and $15 billion over 10 years.
That’s a lot of dollars.
Back in the winter, I wrote about the benefits of sustainability in healthcare. The study I cited, sponsored by the Healthier Hospitals Initiative (HHI) showed that sustainability initiatives could save the healthcare industry billions over several years. At that time I noted that we were going to look for more ways to continue our own sustainability efforts.
I’m very pleased to announce that MedSpeed has joined Practice Green Health, an organization that supports “environmental solutions for the healthcare sector and lends support to create better, safer, greener workplaces and communities.” This nonprofit membership organization was founded on the principles of positive environmental stewardship to support best practices by organizations in the healthcare community.
The core mandates of the Affordable Care Act are to increase access to healthcare, while decreasing costs and limiting waste. Every U.S. healthcare organization today is looking for ways to align with healthcare reform in order to meet these goals. While companies are instituting a number of different initiatives, there is one that we believe strongly in that has recently been getting more and more interest from the industry – sustainability.
According to a recent study from the Commonwealth Fund, sustainability initiatives could save the healthcare industry up to $5.4 billion over five years, and $15 billion over 10 years. Those are some really big numbers.