Navigation Links
Michigan Blues' CEO Daniel J. Loepp Reinforces Company's Commitment to Minority Business Partners
Date:5/7/2009

Doing business with minority-owned firms helps Michigan's economy

DETROIT, May 7 /PRNewswire/ -- Blue Cross Blue Shield of Michigan is striving to further develop its partnerships with Michigan's Minority Business Enterprises and is dedicated to working to address the economic and health security needs of Michigan's diverse communities, Blues' President and CEO Daniel J. Loepp said Thursday.

As the keynote speaker on the final day of the three-day Minority Procurement Conference held at Cobo Center in Detroit, Loepp addressed nearly 3,500 Minority Business Enterprise (MBE) owners and representatives of their companies.

"Blue Cross views Michigan's diversity, represented within our state's multitude of minority-owned enterprises, as an asset and competitive advantage for our state," Loepp said. "Diversity within our company's supplier network likewise is a competitive advantage for the Blues. It helps the Blues do business better and more efficiently, and it helps our local economies and workforces."

In a recent survey, 53 percent of MBE owners polled indicated the current Michigan marketplace is not conducive to growing their businesses. But Loepp pledged that Blue Cross Blue Shield of Michigan is committed to helping MBEs who want to remain here and build their businesses in the state.

Loepp thanked the Michigan Minority Business Development Council for selecting Blue Cross Blue Shield of Michigan as Corporation of the Year in Health Care for consecutive years in 2007 and 2008. In 2008, the Michigan Blues exceeded their corporate goal for doing business with diverse suppliers by 51 percent -- procuring more than $59 million in goods and services from MBEs or combined minority and women-owned businesses.

The Blues President and CEO characterized minority and women-owned businesses as an economic engine in Michigan, accounting for more than $12 billion in revenue annually and employing more than 30,000 people.

Loepp noted that BCBSM scored in the 87th percentile on a "best practices" scorecard that DiversityInc magazine uses to grade more than 400 large national companies. The Blues were in 10th percentile in supplier diversity when measured with all these companies and scored 30 percentage points higher than the national benchmark for organizations of similar size.

"The partnerships we have with Minority Business Enterprises are critical to our success," Loepp said. "That is not only because our diverse vendors provide quality goods and services at fair prices. It's often because they are best-in-class businesses that help us run our own extremely complex business well."

Loepp acknowledged that providing health insurance for employees and their families is a major concern for MBEs and has become an even larger issue due to the difficult economy.

"Blue Cross is committed to sustaining relationships with Michigan's diverse communities by understanding unique challenges and offering quality health coverage that meets specific needs," Loepp said. "More than any other health insurer, Blue Cross is committed to representing Michigan's diversity in the employees we hire, the products we offer and the companies we choose to have as partners."

Blue Cross Blue Shield of Michigan is nonprofit and an independent licensee of the Blue Cross and Blue Shield Association.


'/>"/>
SOURCE Blue Cross Blue Shield of Michigan
Copyright©2009 PR Newswire.
All rights reserved

Related medicine news :

1. New Walmart Program Broadens Access to Affordable Prescriptions in Michigan
2. Blue Cross Blue Shield of Michigan and Blue Care Network Launch Web Sites to Help Chrysler Members Easily Find Information on Their Health Care
3. Wayne State University and Childrens Hospital of Michigan Research Team Discover Chemical That Plays a Major Role in Pediatric Obsessive-Compulsive Disorder
4. Growth in Long Term Care Costs Outpacing the Rate of Inflation in Most of Michigan, According to Annual Genworth Financial Study
5. Michigan Physicians Gain From New AMA and MSMS Partnership to Improve Physician Practice Efficiency
6. Richard E. Smith, M.D., Installed as President of Michigan State Medical Society
7. Workability in Michigan Summit to be Held May 1
8. Michigan Blues Launch Nations Largest Program for Patient-Centered Medical Home
9. Michigan Infection Preventionist Receives Carole Demille Award for Outstanding Service, Contribution to Profession
10. S-Shaped Light Display on Blue Cross Blue Shield of Michigan Building Shows Support for MSU Spartans
11. House-Passed Legislation Crafted to Line the Pockets of Personal Injury Lawyers, Says Michigan Chamber of Commerce
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:3/27/2017)... (PRWEB) , ... March 27, 2017 , ... ... the GTEC Orange facility from 8:00am-10:00am on Monday, April 3rd to commemorate the ... will be an opportunity for area-residents to celebrate two great years while also ...
(Date:3/27/2017)... ... March 27, 2017 , ... The homeowner improvement and repair market ... utilizing DIY and unlicensed contractors for renovations is also on the rise. Per a ... 2015, and of those, 42% failed to use a licensed contractor.(2) The risks associated ...
(Date:3/26/2017)... ... March 26, 2017 , ... Local physician ... 100 Award, a prestigious award honoring the top influencers on RealSelf—the most trusted ... connect with doctors and clinics. , In 2016, more than 82 million people ...
(Date:3/25/2017)... ... March 25, 2017 , ... Norland at Swissray is pleased to announce ... large subjects. The ELITE DXA has an active scan window, which is more than ... to fit in the scan area could not undergo an accurate total body bone density ...
(Date:3/24/2017)... ... March 24, 2017 , ... Vighter established its ... time by providing Prehospital Trauma Life Support (PHTLS) course scholarships to four medics ... trauma education developed in cooperation with the American College of Surgeons to promote ...
Breaking Medicine News(10 mins):
(Date:3/27/2017)... 2017 On Friday, benchmark US ... closed the trading session up 0.19%; the Dow Jones ... was down 0.08%. US markets made broad based gains ... in green. Pre-market today, Stock-Callers.com reviews these four Medical ... WMGI), Amedica Corporation (NASDAQ: AMDA), MiMedx Group Inc. (NASDAQ: ...
(Date:3/27/2017)... 2017  Impax Laboratories, Inc. (NASDAQ: IPXL)today announced that ... Bisaro as Impax,s President and Chief Executive Officer ... 27, 2017. Mr. Bisaro will succeed J. Kevin ... Chief Executive Officer since December of 2016. ... experience, Mr. Bisaro, 56, is an accomplished global business ...
(Date:3/27/2017)... 2017 Arena Pharmaceuticals, Inc. (NASDAQ: ... small molecule drugs across multiple therapeutic areas, today announced that ... will present a corporate update at the 16th Annual Needham ... conference will take place April 4-5, 2017 at the Westin ... , NY.  A live audio webcast of ...
Breaking Medicine Technology: