Benefits

The Healthcare Clean Energy Exchange and program partner World Energy operate the most efficient and effective transaction platform for energy and green commodities in the marketplace. Over 250 participating suppliers are aggressively competing to secure energy and environmental commodity contracts for green power, electricity, natural gas, renewable energy certificates, voluntary emission reductions, certified emission reductions, and carbon credits.

Our advanced platform hosts transactions on the Exchange’s virtual marketplace, utilizing a variety of electronic tools, including forward and reverse auctions, and post-and-respond mechanisms. We support a proven, award-winning platform with deep market expertise, a rigorous end-to-end process, and exceptional data management capabilities.

Participation in the Exchange provides members with a powerful energy management tool and the opportunity to take advantage of custom-tailored, competitively bid, web-based clean energy reverse auctions where Energy Suppliers aggressively compete by bidding downwards to be your energy and environmental commodity supplier!

As a Practice Greenhealth member, the Exchange staff will work with you utilizing our performance-based model to establish and implement a competitive energy and environmental commodity procurement plan. These services include:

• Analyzing your utility records
• Analyzing the current energy market conditions
• Developing a customized energy procurement strategy meeting your unique needs
• Developing a Requests for Pricing document (RFP)
• Conducting a series of consecutive online auctions associated with RFP alternatives
• Preparing a post auction book to fulfill audit and compliance requirements

Potential bidders are notified, key issues addressed, paperless RFP’s issued, and multiple customized, near-simultaneous, web-based, real time reverse auctions are run. Multiple auctions increase bidder competition, allow price comparison with baseline “no green” benchmarks, varying amounts of clean energy and alternative contract terms.

Exclusive value added benefits

Invoice Reconciliation

We provide complete invoice reconciliation benefits on a line item basis – including invoices from natural gas and electricity suppliers, utilities, and pipelines. We’re able to scan invoices into PDF format and post them to a secure, auditable online library. We also take action to correct disputed invoices, issuing monthly status reports.

Reporting and Budgeting Tools

We create a detailed “supply profile report” that is available online 24/7. This report includes:

• Total current spend and forecasted costs
• Breakout of all cost components, including NYMEX, basis, and utility charges
• NYMEX hedges and/or fixed price positions
• Dynamic budgeting and modeling tool

Energy Impact Calculator

As a Practice Greenhealth member, you will have access to the Energy Impact Calculator, which allows you to calculate some of the key health impacts resulting from the power usage at your healthcare facility. The model output provides site specific health and environmental impacts as a function of the power generation mix in which your facility is located.