WORCESTER, MA – World Energy Solutions, Inc., an operator of online exchanges for energy and green commodities, has announced a number of recent successes helping hospitals and healthcare systems around the country procure energy over the World Energy Exchange.

Together, these care providers, including Catholic Healthcare Partners (Ohio), Dartmouth-Hitchcock Medical Center (New Hampshire), and MediSys Health Network (New York), highlight the efficiencies, cost savings, and budget certainty gained using World Energy’s technology-based procurement approach.

World Energy runs online pricing events for electricity, natural gas and renewable energy in which suppliers bid against each other – driving down prices – to win a customer’s business. In advance of these auction events, World Energy teams with its clients to share market intelligence, develop and market their RFPs, and act as a central point of contact with the supplier community. This efficient approach has proven very successful for hospitals around the country.

“World Energy helped us understand, and capitalize on, recent openings in the Ohio electricity market that enabled us to land attractive new contracts for 16 of our facilities across four regions of the state,” said Ken Macon, Corporate Director of Supply Chain Management at Catholic Healthcare Partners, one of the largest not-for-profit health systems in the U.S. “All told, World Energy has helped us save over $5.5 million dollars on our energy rates. This is an outcome we would not have achieved on our own, and the money we saved will help advance our mission of improving the health of our communities, particularly the poor and under-served.”

Added Mounir Doss, Executive Vice President and Chief Financial Officer of MediSys Health Network, Inc., a private, not-for-profit corporation based in New York: “World Energy’s team and technology gave us a decisive edge in buying power for our Jamaica, Flushing and Brookdale hospitals, efficiently securing the product term and price that was right for us.”

According to a 2009 Department of Energy press release, “U.S. hospitals spend over $5 billion annually on energy, often equaling 1 to 3 percent of a typical hospital’s operating budget or an estimated 15 percent of profits.” By running structured pricing events that enhance competition and provide decision makers visibility into product terms and pricing, World Energy is helping hospitals take control of this major cost.

Concluded Phil Adams, President of World Energy: “The 10-figure annual energy spend by U.S. hospitals underscores the urgent need for more advanced procurement strategies and technologies. World Energy is on the front lines of this transformation, actively making the procurement process more efficient and intelligent for hospitals around the country. Our proven online approach delivers multiple benefits for buyers, including heightened competition among suppliers for their business, which drives down price; visibility into how the market is pricing various terms and products, which promotes choice and informed decision making; and a thorough audit trail, which streamlines reporting and compliance.”

About World Energy Solutions, Inc.
World Energy operates online exchanges for energy and green commodities. For buyers and sellers of electricity, natural gas, capacity, and green-energy assets who are impacted by today’s volatile markets, World Energy’s proven approach has transformed the normally complex procurement process into a powerful, streamlined vehicle for cost savings. In addition to enabling customers to seek competitive pricing on traditional energy commodities, World Energy is taking a leadership position in the emerging environmental-commodities markets. Its award-winning World Green Exchange® supports the ground-breaking Regional Greenhouse Gas Initiative’s (RGGI) cap and trade program for CO2 emissions. For more information, please visit www.worldenergy.com.