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University HealthSystem Consortium Chooses SciQuest to Optimize Medical Research Procurement
Date:10/9/2007

Partnership with SciQuest will Save Time and Money

OAK BROOK, Ill. and CARY, N.C., Oct. 9 /PRNewswire/ -- The University HealthSystem Consortium (UHC), an alliance of academic medical centers and their affiliated partners, and SciQuest, a provider of e-procurement technology and services for academic and research-centric organizations, today announced a partnership to provide organizations participating in UHC's new Medical Research Procurement Program with a robust, easy-to-use procurement engine to streamline the purchase of research goods. UHC's membership includes 105 National Institutes of Health grant recipients that together purchase more than $2.5 billion in research supplies each year. Through this partnership, UHC medical research affiliates will realize significant savings via spending on pre-negotiated contracts, and can elevate their institutions to a higher level of financial and operational performance.

"The University of Chicago has been utilizing the SciQuest solution for its university research spending for more than four years and has realized increasingly significant contract-spend savings," said Gene Suwanski, procurement director for The University of Chicago and member of UHC's Medical Research Center Steering Committee. "Implementation of this technology is lagging in the medical research side of our industry, and I applaud UHC for recognizing the need and bringing it to the community of academic medical researchers."

"We are always looking for opportunities to better serve our members and affiliated organizations, and help them achieve performance excellence," said John Cunningham, UHC's vice president, supply chain. "While group purchasing support for medical and surgical purchases exists across the industry, medical research centers struggle to bring their research spend under management. UHC turned to SciQuest to leverage its expertise in contract compliance as well as its relationships with suppliers in the research community. Together with SciQuest, we can deliver both a technology platform and negotiated contracts in one user-friendly environment that will encourage smart purchasing and deliver economic value to participating organizations."

Through the partnership with SciQuest, UHC's medical research affiliates will be empowered with an organization-specific shopping platform that is pre-configured with UHC contracts and pricing. These organizations can add additional suppliers to create a holistic environment that brings more research spending under management. With built-in reporting and analytics, medical research centers can gain a better understanding of researchers' needs, while UHC can leverage the collective buying power to drive new and better contracts. UHC will debut the SciQuest purchasing solution later this fall.

About UHC:

UHC is an alliance of academic medical centers and their affiliated partners, and represents nearly 90 percent of the nation's non-profit academic medical centers. Through its new Medical Research Procurement Program, UHC provides the industry's only group purchasing program designed specifically for the needs of the medical research community and is focused on significantly reducing the cost of medical research supplies. Visit "About UHC" at http://www.uhc.edu for more information.

About SciQuest:

SciQuest is the global leader in helping academic and research-centric organizations realize the potential of strategic procurement. The company's specialized knowledge, on-demand software, and services-first approach empower more than 100 of the best-known academic, pharmaceutical, biotechnology and research organizations to manage spend, drive ROI, and advance their critical missions.

SciQuest's strategic procurement solutions are strengthened by a deep understanding of the higher education and research environments combined with a broad supplier network for everything from lab equipment to office supplies to services. The company's intuitive, online shopping experience and diverse supplier offerings are proven to increase user adoption and contract compliance. Through software-as-a-service (SaaS) deployment, organizations can quickly implement the right e-procurement solution, whether it's a robust shopping platform for existing e-procurement tools or to fully enable all aspects of purchasing from sourcing to settlement.

For more information about SciQuest, please visit http://www.sciquest.com or call (919) 659-2100.

UHC Media Contact: SciQuest Media Contact:

Barbara Anason Ken Phillips, Davies Murphy Group

(630) 954-1726 (781) 418-2437

anason@uhc.edu kphillips@daviesmurphy.com


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