L.A. Care Health Plan to Streamline Spend Management with SciQuest

Nation’s largest publicly operated health plan selects modern procurement system to manage spend with seamless contract and supplier management offering

MORRISVILLE, N.C.--(BUSINESS WIRE)-- SciQuest, Inc. (Nasdaq: SQI), the leading public provider of spend management solutions delivering value beyond savings, today announced that L.A. Care Health Plan, the nation’s largest publicly operated health plan, has selected SciQuest to enhance its procurement processes. L.A. Care, which was created by the state of California to provide health coverage to low-income Los Angeles County residents, will utilize SciQuest’s source-to-settle platform to transform the company’s procurement process into a modern and strategic operation that supports the company’s long-term business growth.

“As with many health plans across the country, we have experienced a significant amount of growth in membership over the last few years,” said JR Nino, Director, Contracting and Procurement of L.A. Care. “With rapid growth such as what we experienced, we needed a foundational procurement system that would effectively and efficiently manage our supplier data, contract expirations and compliance to contract pricing, and promote the use of L.A. Care’s preferred vendors. Additionally, we required a procurement system that was user-friendly, to achieve customer buy-in, and that was highly configurable to adapt quickly to our business needs.”

As a factor of L.A. Care’s growth, the company’s procurement team required a technology platform that was scalable and could be implemented rapidly to achieve benefits as quickly as possible. Simultaneously, the team managing relationships with contracted healthcare providers wanted to reduce the time-intensive challenge of bringing on new providers, which previously had been done manually. To meet both of these critical internal needs and to increase spend management and control visibility, the company will use a variety of SciQuest’s solutions, including:

• Spend Director, to transform the procurement function by driving organizational spend to preferred suppliers, bringing more spend into compliance, delivering significant cost savings and gaining efficiencies through automation.
• Accounts Payable Director, to eliminate tedious and error-prone manual data entry, free up valuable resources and present an opportunity to make a significant impact on the organization’s bottom line.
• Total Contract Manager, to enable optimization of managing the entire contract lifecycle, using a single repository for all vendor contracts.
• Total Supplier Manager, to achieve a reduction in risk exposure brought by suppliers, a greater depth of and visibility into supplier data, and consistent and accurate supplier data for supporting sourcing and procurement strategies.

“L.A. Care recognized it could realize significant cost savings with a more user-friendly, robust procurement platform that helped automate many of its manual, cumbersome processes,” said Stephen Wiehe, president and CEO of SciQuest. “With a new, modern procurement platform, we are certain that L.A. Care will be able to streamline its contract and supplier functions while increasing spend management, which should all help the organization maintain its rapid growth rate.”

About L.A. Care

L.A. Care Health Plan (Local Initiative Health Authority of Los Angeles County) is a public entity and community-accountable health plan serving residents of Los Angeles County 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. L.A. Care is a leader in developing new programs through innovative partnerships designed to provide health coverage to vulnerable populations and to support the safety net. With more than 2 million members, L.A. Care is the nation’s largest publicly operated health plan.

About SciQuest

SciQuest (Nasdaq: SQI) is the leading public provider of spend management solutions delivering value beyond savings. Through the continued release of key innovative technology and a fanatical drive toward making our customers successful, we deliver exceptional value in user experience, productivity and operational efficiency. Our cloud-based, mobile-enabled, source-to-settle platform addresses all stages of procurement from the automation of core processes to enabling sophisticated, strategic and multifaceted sourcing solutions. We specialize in handling simple procurement needs to the most advanced supplier and supply chain requirements. SciQuest serves a wide range of industries and organizations including many of the Global Fortune 500. For more information visit http://www.sciquest.com.

To join the conversation, please visit our blog at http://www.sciquest.com/blog or follow us on Twitter @SciQuest.

Cautionary Note Regarding Forward-Looking Statements

Any statements in this release that are not historical or current facts are forward-looking statements. All forward-looking statements in this release are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements are not guarantees of future performance and involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from any future results, performances or achievements expressed or implied by the forward-looking statements. Certain of these risks are discussed in "Part I, Item 1A, Risk Factors" and elsewhere in SciQuest's most recent Annual Report on Form 10-K and other reports, as filed with the United States Securities and Exchange Commission ("SEC"). The company's SEC reports are available free of charge on the SEC's website at http://www.sec.gov or on the company's website at http://www.sciquest.com. These forward-looking statements speak only as of the date hereof, and SciQuest undertakes no obligation to update, amend or clarify any forward-looking statement for any reason. Given these risks and uncertainties, investors should not place undue reliance on forward-looking statements as a prediction of actual results.

View source version on businesswire.com: http://www.businesswire.com/news/home/20160316005056/en/

SciQuest Media contact:
SciQuest, Inc.
Roberta Patterson, 919-659-2230
[email protected]
or
Edelman for SciQuest, Inc.
Megan Smith, 404-832-6776
[email protected]
or
SciQuest Investor contact:
SciQuest, Inc.
Jamie Andelman, 919-659-2322
[email protected]

Source: SciQuest, Inc.

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