Creating a Safer Workplace with EcoOnline

As the largest Nordic provider of software for workplace  health and safety, EcoOnline helped two Norwegian  automotive retailers by reducing the usage of hazardous  chemicals and thereby improving health and safety for employees.

Creating a Safer Workplace with EcoOnline

As the largest Nordic provider of software for workplace  health and safety, EcoOnline helped two Norwegian  automotive retailers by reducing the usage of hazardous  chemicals and thereby improving health and safety for employees.

Chemical Manager

To gain control of the retailers’ chemicals, EcoOnline  implemented ‘Chemical Manager’ at all of the workshops  so the retailers could get an overview of their chemical  inventories. On average, each workshop had 450 unique  chemicals, a large portion of which were hazardous. EHS teams at both retailers worked together to evaluate the list of  chemicals and, with the help of EcoOnline’s ‘Risk Assessment  Tool’, found that 140 chemicals could be replaced by less  harmful chemicals.

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Safety Manager

Today, the automotive retailers hold a list of chemicals that  has approved in their workshops. Should a workshop want to  buy a chemical outside the approved list in the future, then it  must be approved by the EHS team. Apart from creating a safer work environment, EcoOnline enabled significant cost savings for the two retailers.

Examples include, but were not limited to: better purchasing  power, less waste, less storage space needed, lower need for  protective equipment and lower need for training. EcoOnline’s  software also made the process much faster than it would  have been using manual solutions (i.e. Excel and binders).

The success of the initiative led EcoOnline to develop the  ‘Substitution Tool’, a tool that helps customers decrease the  use of harmful chemicals by automatically finding less harmful  substitutes. This project has received support from Innovation  Norway, and EcoOnline represent the first green technology  project to receive support.

Going forward, EcoOnline wants to help customers create  a more safe, sustainable, efficient and attractive workplace  through user-friendly software-as-a-service tools. As aresult, EcoOnline have launched ‘Safety Manager’ - a general  occupational safety software - and offer training sessions  that will empower employees to take control of their  workplace safety.

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Bundled payment models aim to achieve improved care quality, coordination and efficiency by incentivizing health care providers to focus on the full care cycle instead of single activities. By fixing the price, healthcare providers are required to consider the value and quality achieved across the entire care episode, thereby creating incentives to reduce costs and increase quality of the care provided.

SLLs initiative on spine surgery had positive effects on the cost of care as well as the outcome achieved from treatments. The total volume of surgeries increased by 13%, at constant overall cost. However, cost per episode declined by 9%, and the average cost per surgery fell by 7%. The largest part of surgeries, Lumbar Spinal Stenosis " (covering ~50 % of all operations) saw significant decline in reoperation rates and use of post-operation physiotherapy. This is one example of how Logex Group’s technology enable healthcare systems to deliver better patient outcomes at lower cost.

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reduction in average cost per episode

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Within the Changing Demographics investment theme we have a few broader sub-themes such as healthcare, education and security, all with clear alignment to one or more of the UN SDGs. Healthcare is by far the largest one as healthcare expenditure typically represents 10%+ of GDP in advanced economies. It is also the sub-theme where Summa has our deepest expertise and current primary focus within the Changing Demographics theme.

Our investment strategy in healthcare is in itself centered around three universal challenges; cost, quality and unmet patient needs, where society’s failure to solve them leads to a development of an unsustainable global healthcare system. With the challenges as a starting point, we look for companies and market niches where solutions are developed that have the potential to move the system in a positive direction, in the Nordics and globally. We refer to this investment strategy as “The Future of Healthcare” where we have defined specific themes that represent solutions to the challenges, to focus our efforts – illustrated in the chart below. These themes cut across products and services. We believe that developing leading expertise along these themes will be key to Summa’s long-term success and ability to support our investments, and therefore we invest significant resources in building that competence base.

Projected industry growth

2020
+4
136
2019
118
SDG 15

Projected industry growth

2020
+4
136
2019
118

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Thought leader and preferred digital partner to the educational sector

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Arthur Swanson

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Lin Education

Thought leader and preferred digital partner to the educational sector

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Infobric

Arthur Swanson

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