Technology, flexibility and customization drive contract win
LISLE, IL, April 19 /CNW/ - SXC Health Solutions Corp. ("SXC" or the
"Company") (NASDAQ: SXCI) (TSX: SXC), a leading provider of technology
and pharmacy benefit management ("PBM") services, announces that it has
been awarded a three-year Health Care Information Technology ("HCIT")
service contract from Health Alliance Plan ("Health Alliance") of
Michigan, a health plan with an annual health spend of approximately
$250 million. Health Alliance Plan markets health plan products in the
commercial and Medicare Part D market segments.
Under the terms of the HCIT agreement SXC is providing a full suite of
flexible PBM tools as part of the contract, including RxAuth™,
RxBUILDER™, RxMAX™, RxEXCHANGE™ and Zynchros, to Health Alliance Plan's
500,000 commercial and Medicare Part D members, effective January 1,
"Health Alliance's commitment to wellness, disease management and
customer service matches our own customer values and approach to
deliver the best overall outcomes at the best cost," said Mark Thierer,
Chairman, President and CEO of SXC. "This win is more proof of the
reputation we are earning as an agile and collaborative partner within
the health plan market. Our ability to understand the unique goals of a
health plan, large or small, and deliver customized solutions has
enabled us to drive significant organic growth. The Health Alliance
Plan announcement is a great start to what we believe will be a strong
2012 sales season."
About SXC Health Solutions Corp.
SXC Health Solutions Corp. is a leading provider of pharmacy benefits
management (PBM) services and Health Care Information Technology (HCIT)
solutions to the healthcare benefits management industry. The Company's
product offerings and solutions combine a wide range of PBM services
and software applications, application service provider (ASP)
processing services and professional services, designed for many of the
largest organizations in the pharmaceutical supply chain, such as
health plans, employers, federal, provincial, and, state and local
governments, pharmacy benefit managers, retail pharmacy chains and
other healthcare intermediaries. SXC is headquartered in Lisle,
Illinois with multiple locations in the US and Canada. For more
information please visit www.sxc.com.
About Health Alliance Plan
Health Alliance Plan (HAP) is a Michigan-based, nonprofit health plan
that provides health coverage to 500,000 members and companies of all
sizes. Celebrating 50 years of stability and experience, HAP partners
with physicians, employers and community organizations to improve the
health and well-being of the community. HAP is a leader in personalized
customer service, disease management and wellness programs. For more
information visit www.hap.org.
SOURCE SXC Health Solutions Corp.
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