L.A. Care Health Plan to Streamline Spend Management with SciQuest
MORRISVILLE, NC: One of the leading public provider of spend management solutions delivering value beyond savings, SciQuest announced that the nation’s largest publicly operated health plan, L.A. Care Health Plan selected SciQuest to enhance its procurement processes. Utilizing Sci-Quest’s source-to-settle platform, L.A Care, will transform the company’s procurement process into a modern and strategic operation that supports the company’s long-term business growth, reports businesswire.com.
L.A. Care procurement team was in need of a technology platform that was scalable and could be implemented swiftly to achieve benefits fast as part of its success and growth. The team managing relationships with contracted healthcare providers sought to diminish the time-intensive challenge of bringing on fresh providers that formerly was done manually. The company will use a variety of SciQuest’s solutions, including Spend Director, Accounts Payable Director, Total Contract Manager and Total Supplier Manager to meet both of the critical internal needs and increase spend management and control visibility.
While Spend Director transforms the procurement function through driving organizational spends to preferred suppliers, bringing extra spend into compliance, delivering significant cost savings, the Accounts Payable Director, helps eliminate tedious and error-prone manual data entry, free up valuable resources. The Total Contract Manager offers solution to enable optimization of managing the complete contract lifecycle, using a solitary repository for all vendor contracts. Whereas the total Supplier Manager, can help achieve a reduction in risk exposure brought by suppliers for supporting sourcing and procurement strategies.
Developed by the state of California to provide health coverage to low-income Los Angeles County residents, L.A. Care is a public entity and community-accountable health plan through a variety of health coverage programs including L.A. Care Covered, Medi-Cal, L.A. Care Cal MediConnect Plan, L.A. Care’s Healthy Kids and PASC-SEIU Homecare Workers Health Care Plan.
Specialized in handling simple procurement needs to the most advanced supplier and supply chain requirements, SciQuest deliver exceptional value in user experience, productivity and operational efficiency.