STI Technologies Limited Grows by 400% since 2011
HALIFAX, June 14, 2013 /CNW/ - STI, reimbursement solutions provider for
the Canadian healthcare market, shows growth of 400% in use of their
benefit cards since 2011 allowing millions of Canadians the opportunity
to gain access to innovative medicines.
In addition to these significant growth statistics, STI was also named
one of Atlantic Canada's Best Places to Work and placed on the PROFIT
500 ranking of Canada's Fastest-Growing Companies.
"We've had tremendous growth over the past few years," said Steve
Nicolle, CEO of STI. "Our cards are being redeemed by ten thousand
patients every day in pharmacies across Canada and giving them greater
choice of innovative medications, ultimately contributing to a more
sustainable healthcare environment."
The company celebrated these successes by hosting an East Coast Party at a Halifax pub for national pharmacy groups who were in town for the
Canadian Association of Chain Drug Stores (CACDS) conference in Halifax
this week. Pharmacy and pharmaceutical executives, as well as
physicians, joined STI for some maritime food and drinks and received a
special performance from local musical legend Bruce Guthro.
"We've been pleased to have worked closely with STI over the past few
months in the launch of innoviCares," said Benoit Gravel, VP, Diabetes
and Specialized Care Patient-Centred Unit, Sanofi Canada. "It's nice to
toast an east coast company that has made such an impact on the
national stage. They are an important partner."
STI's latest solution, innoviCares, is a single-card supplementary
benefit that provides coverage for a variety of medications and
healthcare products, providing patients with greater choice and access.
InnoviCares covers up to the difference in cost between many brand name
medications and their generic alternatives allowing patients to remain
on brand medication. In addition, innoviCares provides benefits for
important chronic conditions like diabetes and pain. This program was
recently launched across Canada and is the first multi-company benefit
card of it's kind, with over ten participating companies and nearly
forty covered products. For more information visit www.innovicares.ca.
SOURCE: STI Technologies Limited
For further information:
Mary Jane Leslie, Marketing Associate, STI
About STI Technologies Limited