Inspirity Health Partners, a HumanityCorp and Mayo Clinic Supply Chain Management Partnership, Helping Hospitals Improve Margins

ROCHESTER, Minn.--(BUSINESS WIRE)--Nov 4, 2024--

Inspirity Health Partners, the result of a powerful collaboration between HumanityCorp and Mayo Clinic Supply Chain Management, is quickly gaining traction in the market as a viable approach to address compressed operating margins, helping providers develop and implement solutions to navigate unique industry challenges impacting independent healthcare organizations.

Leveraging the expertise and resources of Mayo Clinic Supply Chain Management, which has been consistently ranked as one of the top healthcare supply chains in the United States according to Gartner, Inspirity Health Partners assists providers in leveraging scale, enhancing the reliability of their supply chain. They are also ensuring that healthcare facilities have access to necessary resources, crucial for delivering quality care to patients.

By prioritizing resource optimization, implementing cost-saving measures, and improving operational efficiency, Inspirity Health Partners offers tailored strategies and innovative solutions that empower healthcare providers to combine superior patient care with superior patient value, while creating a clinically integrated supply chain.

“Through the power of collaboration and innovation, Inspirity Health Partners is poised to modify healthcare supply chain strategies, empowering providers to deliver exceptional patient care and value in a rapidly changing landscape,” said James Francis, Chair, Supply Chain Management, Mayo Clinic.

Inspirity Health Partners considers the unique needs and objectives of each provider, while exploring process improvement initiatives, such as lean methodologies or automation technologies, to help streamline operations, reduce waste, and optimize resource utilization.

"The partnership between HumanityCorp and Mayo Clinic Supply Chain Management signifies a transformative alliance, that combines expertise, resources, and a shared commitment to empowering independent providers,” stated Abdul Hussein, Managing Partner at HumanityCorp. “Together, we are driving positive change and ensuring a brighter future for both patients and providers."

In addition, Inspirity Health Partners drives collaboration with supply partners so providers can optimize their purchasing processes, negotiate value, and ensure the timely availability of pharmaceuticals, medical supplies, and services. The collaboration also embraces digital technologies, harnessing this power to gain valuable insights to identify trends and make data-driven decisions that optimize resource allocation and improve the quality of care.

These focus areas of supply chain optimization contribute to the overall goal of Inspirity, helping healthcare providers deliver superior patient care while maximizing value and operational efficiency.

About Inspirity Health Partners

Inspirity Health Partners combines the best-in-class supply chain practices of co-founders Mayo Clinic Supply Chain Management with the advanced business analytics and financing capabilities of HumanityCorp, offering providers a new and continuous way to fund profound transformations in technology and patient care–changes today’s healthcare environment demands. Learn more at inspirityhp.com.

About HumanityCorp

HumanityCorp is a public benefit entity dedicated to improving healthcare outcomes in the United States by enabling not-for-profit hospital systems to convert their back-office cost centers into valuable financial assets. HumanityCorp utilizes its team’s experience of developing the leading back-office healthcare vendors that have generated $50 Billion in aggregate value for hospital systems and related entities.

About Mayo Clinic Supply Chain Management

Consistently recognized as a Top Supply Chain in Healthcare by Gartner, Mayo Clinic Supply Chain Management currently manages over $6 billion in annual spending across suppliers, pharmaceuticals, capital, and purchased services, while overseeing the healthcare technology and biomedical engineering functions across the Mayo Clinic. The award-winning organization has also created eight (8) innovative commercial business ventures designed to deliver incremental value, while improving service levels and elevating supply chain performance for additional providers across the healthcare landscape.

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CONTACT: Justin Hibbs

justin.hibbs@inspirityhp.com

KEYWORD: MINNESOTA UNITED STATES NORTH AMERICA

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