Strategic Marketplace Initiative (SMI) Law and Legal Definition

The Strategic Marketplace Initiative (SMI) is an association of executives representing healthcare providers, medical products, pharmaceuticals and supply chain distribution companies and service businesses united to establish new standards of supply chain performance for delivering healthcare to patients and their communities throughout the U.S. The SMI acts as a change agent for healthcare to improve the overall healthcare marketplace in the U.S. by reengineering and advancing the healthcare supply chain. Board of Directors who govern the SMI is comprised of 12 persons chosen from among providers and industry partners.