Transform Healthcare Procurement with JAGGAER’s Specialized Healthcare Suite
NAVIGATE AN EVER-CHANGING HEALTHCARE MARKET WITH UNPARALLELED BUSINESS INTELLIGENCE
The healthcare industry has always faced uncertainty, which makes managing variables a game of juggling with jello. Shifting regulatory winds keep healthcare in a constant state of change, and adapting to those changes – while providing excellent patient care – is a never-ending challenge. But there are larger forces at work: an evolution towards a value-based, patient-centered healthcare system has been slowly reshaping the industry for more than a decade. New suppliers have entered the field with offerings that encourage rogue spend, and the call for cost savings can pose a threat to operational efficiency. These phenomena are leading healthcare providers to enter new arenas, leverage new technologies, develop new partnerships, and seek more efficient business operational practices. Increased, focused business intelligence is only solution to managing all these variables while remaining profitable.
JAGGAER offers a powerful set of tools to meet the procurement needs of healthcare providers of all types and sizes. Our multi-faceted Healthcare Suite helps providers smooth out the challenges related to controlling costs, managing suppliers, and using new technologies and products to provide better patient experiences.
JAGGAER’s proven, state-of-the-art solutions have been developed to meet the unique needs of healthcare providers, and are trusted by the industry’s largest, most respected provider systems.
One of the nation’s leading healthcare networks selected JAGGAER’s specialized Healthcare Suite: Spend Director, Total Contract Manager, and Spend Radar, to simplify its procurement system. As a result, this organization is better able to manage its $1 billion annual spend, manage suppliers more effectively, and ensure more purchases are made under approved contracts.
The success of the solution hinged on being easy to use. The organization’s ERP’s requisition system was cumbersome and difficult. To encourage people to use the system, increasing purchase compliance, the new system required to a user-friendly, “Amazon-like” B2B experience.
The organization chose JAGGAER’s Spend Director because of its intuitive user interface. The user-friendly system makes it easy for shoppers to find what they’re looking for. More importantly, Spend Director gives the healthcare provider greater visibility into their spending, and ensures that more purchases are contract compliant and made through the proper channels. Prior to implementing Spend Director, less than half of the network’s requisitions went through approved channels. With the right contract management solution in place, the healthcare provider has also simplified service transactions, going from contract straight to invoice.
“JAGGAER has allowed us to capture the large portion of our spending that was not being managed, including contract compliance and leveraging suppliers. We’re buying the correct items at the correct price from the correct source, under contract.”
Manager of Supply Chain Operations for a Top Healthcare Provider
What Sets Us Apart
JAGGAER’s Healthcare Suite is designed to provide healthcare organizations the ability to manage the need to control spending, as well as establish long-term organizational health by helping to increase compliance, cut costs, simplify processes, and gain transparency. This helps you focus on your top priority – patient care.
JAGGAER’s Healthcare Suite offers a comprehensive solution to all your procurement needs. The suite includes Spend Radar, Spend Director, and Total Contract Manager.
Using the JAGGAER Healthcare Suite, you will be able to:
- Gain Control: Aggregate data and leverage greater visibility into how suppliers, contracts, purchases and payments are managed to help you identify savings opportunities and manage risk.
- Optimize Efficiency: Deliver immediate, sustainable value through process transformation that reduces complexity, eliminates waste and errors, minimizes the need for manual systems, and is easy to use.
- Reduce Spend: Gain valuable insights into spend patterns and cost reduction opportunities. Ultimately, reduce your spend through organization-wide transparency, automation, compliance and information analytics.
The Solution Suite
JAGGAER’s Healthcare Suite enabled the provider to realize significant cost savings, greatly improve efficiency, with all spend against contract, and optimize sourced suppliers. Decision-making could be done in much faster, leading to improvement in cycle times with greater productivity. The results they see have directly impacted their bottom line.
The Spend Radar solution provided insights into spend patterns and cost reduction opportunities across the entire organization. Spend Director worked with the provider’s complex procurement needs, helping to ensure users selected and ordered the right products through approved, contracted suppliers. Total Contract Manager expedited the contracting process and provided a standardized and centralized contract authoring and compliance solution.
- $65M reduction in total cost savings
- 95% suppliers vetted, on-boarded, and monitored for performance
- 19% reduction in unreliable suppliers
- 100% compliant contracts in place
- 23% improvement in procurement cycle times
- Over 200% gain in efficient processes
eProcurement Integrates with University of Texas Health Science Center ERP
Leading Healthcare Provider Turns to JAGGAER for Procurement
The Top Five Barriers to Successful eProcurement
Forrester VL: eProcurement, eSourcing, eInvoicing, And Spend Analysis, 2016-17
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