LISLE, IL, Jan. 5 /CNW/ - SXC Health Solutions Corp. ("SXC" or the "Company") (NASDAQ: SXCI, TSX: SXC), a leading provider of pharmacy benefit management (PBM) and technology services, announced that its informedRx PBM division has been awarded full pharmacy benefit management accreditation from URAC, a Washington, DC-based health care accrediting organization that establishes quality standards for the health care industry. URAC accreditation provides independent validation of pharmacy management excellence based on benchmarks in quality of care and continuous quality improvement processes.
"This accreditation recognizes SXC's commitment to engaging and empowering consumers with the resources, tools and information they need to make informed decisions about their medication therapy. Given that nearly one of every five health care dollars is spent on prescription drugs, we want to offer consumers cost-effective medication choices that promote safety, enhance compliance and improve health outcomes," said Mark Thierer, President and CEO of SXC.
"SXC should be commended for meeting strict quality standards," said Alan P. Spielman, URAC President and CEO. "It is critically important for health care organizations to make a commitment to quality and accountability. URAC accreditation is a demonstration of that commitment." URAC accreditation standards address industry practices across the following modules: organizational quality, customer service, communications and disclosure, pharmacy distribution channels, drug utilization management, formulary and pharmacy and therapeutics committees.
URAC, an independent, nonprofit organization, is a leader in promoting health care quality through accreditation and certification programs. URAC's standards keep pace with the rapid changes in the health care system, and provide a mark of distinction for health care organizations to demonstrate their commitment to quality and accountability. Through its broad-based governance structure and an inclusive standards development process, URAC ensures that all stakeholders are represented in setting meaningful standards for the health care industry. For more information, visit www.urac.org.
About SXC Health Solutions Corp.
SXC Health Solutions Corp. is a leading provider of pharmacy benefit management ("PBM") services and Healthcare Information Technology ("HCIT") solutions to the healthcare benefits management industry. As the industry's "Technology-Enabled PBM"(TM), SXC's product offerings and solutions combine a wide range of advanced PBM services, software applications, application service provider processing services, and professional services to help healthcare organizations reduce the cost of prescription drugs and deliver better healthcare to their members. SXC serves many of the largest organizations in the pharmaceutical supply chain, such as health plans; employers; Federal, provincial, and state governments; institutional pharmacies; pharmacy benefit managers; and retail pharmacy chains. SXC is headquartered in Lisle, Illinois with multiple locations in North America. Learn more at www.sxc.com.
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