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:6/26/2017)... ... June 26, 2017 , ... The Centers ... announced the hiring of Richard Robinson as chief operating officer (COO). In this ... with a proven track record of simplifying business processes and developing growth strategies ...
(Date:6/26/2017)... , ... June 26, 2017 , ... ... staff, and consumers are seeing lots of red these days. According to recent ... charges that result from medical coding errors(1). Some studies point to Electronic Health ...
(Date:6/25/2017)... ... ... lyric music video in Final Cut Pro X with ProLyric from Pixel Film Studios. Users ... to any song. ProLyric flies in the text for each section and it hovers around ... for optimal control. ProLyric makes editing any music video or text-based production easier than ever. ...
(Date:6/25/2017)... ... June 25, 2017 , ... With a heatwave currently bearing down on Northern California ... at the pool. Being swimsuit ready is easy with laser hair removal. , The ... can be a burdensome routine when all you want to do is get out, dive ...
(Date:6/24/2017)... ... June 24, 2017 , ... Dr. Mitchell Mehlman ... Road in Lake Ronkonkoma, Dental365 offers patients high-quality and affordable routine and emergency ... the dentist fit into their patients’ busy lifestyles. Dental365 also gladly work with ...
Breaking Medicine News(10 mins):
(Date:5/30/2017)... May 30, 2017 Therapix Biosciences Ltd. (Nasdaq: ... in the development of cannabinoid-based drugs, today announced ... overview at three upcoming scientific and investor conferences ... Micro Invitational: ... Date:                     Wednesday, ...
(Date:5/24/2017)... , May 24, 2017  ivWatch LLC today ... Manufacturer (OEM) Board to enable seamless integration of ... monitoring systems, infusion pumps and other devices. By ... be able to help health care customers deliver ... risks related to IV therapy. "The ...
(Date:5/18/2017)... WHIPPANY, N.J. , May 18, 2017  Two ... Healthcare Businesswomen,s Association (HBA) during its recent 28 th ... New York City.  The event showcases HBA,s longstanding mission ... the business of healthcare. Cindy Powell-Steffen ... in Bayer,s U.S. Radiology division, and Libby Howe ...
Breaking Medicine Technology: