Advancing Supplier Diversity: Going Above and Beyond AB 962

The passage of Assembly Bill 962 in October 2019 came with a far-reaching goal. AB 962 requires California hospitals with operating budgets of $25 million or more to annually collect and post data showing how much of their procurement spend goes to diverse-owned businesses. The bill is intended to expand economic opportunity for minorities, women, LGBT people, and veterans, particularly in marginalized communities, by increasing the amount hospitals spend on supplies and services provided by diverse-owned companies.