This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Moffitt Cancer Center Selects SciQuest To Enhance Contract Compliance

As the healthcare industry continues to face rising costs and budget restrictions, many organizations are looking for ways to better manage purchasing and supplier relationships. Moffitt Cancer Center turned to SciQuest, Inc., (NASDAQ: SQI) a provider of on-demand source-to-settle solutions, to increase contract compliance and improve spend visibility with the SciQuest Spend Director eMarketplace solution.

Moffitt’s mission is to contribute to the prevention and cure of cancer. In addition to providing patient care, the Tampa, Fla.-based cancer center specializes in research and education. Moffitt also boasts the Southeast’s largest blood and marrow transplant program and outpatient treatment programs that record more than 320,500 visits a year.

With SciQuest’s eMarketplace, Moffitt can promote items within its contract portfolio across the entire organization, helping increase overall contract compliance and better control of spending. This enables Moffitt to ensure that it is realizing the maximum value from existing contracts with vendors, driving spending towards pre-negotiated prices.

SciQuest’s on-demand eProcurement software is specifically designed for the complex procurement needs of hospitals and healthcare organizations. The solution is able to handle large volumes of contract and product data that undergo frequent updates, and also ensures that users select and order the right products for the right procedures. Organizations representing more than 130 hospitals have selected SciQuest’s eMarketplace over the last two years. Customers include ROi (Resource Optimization & Innovation, the supply chain arm of Mercy), which is ranked number two on Gartner’s Healthcare Supply Chain Top 25, as well as 10 other healthcare organizations on the Gartner list.

“Our core mission is to provide stellar patient care as we work tirelessly to find a cure for a disease that affects millions every year. With every purchase we make, the SciQuest solution helps drive savings on our spend, all while freeing up our staff so it can focus on improving patient care as we strive toward a cure for cancer,” said John Efthemis, interim director of material management, Moffitt.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 17,712.66 +34.43 0.19%
S&P 500 2,061.02 +4.87 0.24%
NASDAQ 4,891.2190 +27.8570 0.57%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs