L.A. Care Health Plan to Streamline Spend Management with JAGGAER
- Contract Management
- Press Release
- Public Sector
- Supplier Management
RESEARCH TRIANGLE PARK, N. – March 16, 2016 – JAGGAER, 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 JAGGAER 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 JAGGAER’s source-to-pay 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, compliance to contract pricing, and promote the use of L.A. Care 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 that would be implemented rapidly to achieve benefits as fast as possible. Simultaneously, the team managing relationships with contracted healthcare providers wanted to reduce the time-intensive challenge of bringing on new providers, which had been done manually previously. To meet both of these critical internal needs and to increase spend management and control visibility, the company will use a variety of JAGGAER’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 to an 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.
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.
Some of the largest commercial, manufacturing and life sciences companies in the world trust JAGGAER with billions of dollars of annual spend. Additionally, JAGGAER is the leading procure-to-pay provider in the Higher Education and Government sectors. JAGGAER eprocurement and strategic sourcing customers across the globe have gained access to the best suppliers, with the best terms, on our scalable, customizable, user-friendly platform. Our SaaS-based, source-to-settle solution provides unparalleled visibility, insights and recommendations to procurement leaders and suppliers. The result is a fluid supply chain driven by powerful spend analysis, comprehensive contract management and efficient accounts payable solutions.
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 JAGGAER’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 or on the company’s website. These forward-looking statements speak only as of the date hereof, and JAGGAER 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.