Optimize Procurement, Compliance & Community Impact with NectariQ
Navigating Healthcare’s Procurement Challenges
Healthcare organizations face increasing pressure to meet supplier management, sustainability, and economic impact goals while managing complex vendor relationships. Manual data aggregation is time-consuming, prone to errors, and often lacks the real-time insights necessary for strategic decision-making.
NectariQ simplifies vendor management by automating procurement and construction spend tracking, streamlining compliance with the Healthcare Anchor Network (HAN) Impact Purchasing Commitment (IPC), and providing actionable insights to support community economic growth.
How NectariQ Supports Healthcare Procurement Goals
Automated Supplier Diversity & Compliance Tracking
- Centralized supplier data with real-time visibility into spend with certified MWBEs and local businesses.
- Custom reporting aligned with HAN’s IPC and healthcare industry procurement standards.
Sustainability & ESG Insights
- Built-in environmental impact metrics to support green procurement initiatives.
- Analytics for reducing carbon footprint across the supply chain.
Regional Economic Development & Spend Analytics
- Tailored geographic spend tracking to measure economic impact in underutilized communities.
- Support for local hiring initiatives through enhanced supplier insights.
Seamless Data Integration & Custom Dashboards
- Auto-aggregated data from multiple sources for accurate, real-time reporting.
- HAN-specific reporting categories pre-built to streamline compliance.
- Customizable dashboards for construction and procurement teams.
Case Study: Driving Efficiency & Impact in Healthcare Procurement
Client Profile
A leading healthcare institution aligned with HAN’s IPC, committed to increasing small business spend within underserved communities and contributing $1 billion in local economic development over five years.
The Challenge
- Time-Consuming Manual Reporting: Leadership and analysts spent hundreds of hours compiling procurement and construction data.
- No more compiling data from multiple sources
- Data Gaps & Inaccuracies: Manual aggregation left missing data points, affecting compliance with HAN’s IPC goals.
- Lack of Real-Time Insights: Delayed reporting hindered strategic decision-making and
The NectariQ Solution
- Within 90 days, NectariQ deployed a customized analytics dashboard designed to:
Automate Supplier Diversity Tracking – Real-time MWBE and local supplier spend insights. - Enhance Sustainability – Built-in ESG scores and targets at the supplier level.
- Improve Geographic & Regional Analysis – Dynamic tracking of local economic performance.
Results & Impact
50% Reduction in Manual Reporting Time – Automating data aggregation saved analyst and leadership hours.
Improved Accuracy – Real-time data eliminated reporting errors.
HAN Compliance Achieved – Data retention ensures seamless future reporting.
Why Healthcare Organizations Choose NectariQ
Designed to meet regulatory, compliance, and ESG needs.
Aligns with IPC goals to enhance community impact.
Adapts to each organization’s unique procurement requirements.
Real-time insights drive smarter vendor and spend strategies.
Let’s Discuss How NectariQ Can Support Your Procurement Goals
Schedule a demo today to explore how NectariQ can streamline vendor management, optimize reporting, and help you meet your supplier diversity and sustainability objectives.
