PBM technology engine drives win
LISLE, IL, May 16 /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 its
HCIT unit has been awarded a three year contract from HealthPlus of
Michigan, a not-for-profit Health Maintenance Organization which
together with its subsidiary corporations serves 215,000 members
Under the terms of the HealthPlus agreement, SXC is providing a flexible
and customized suite of PBM services, including claims adjudication,
rebates and clinical support to HealthPlus' commercial members
effective June 1, 2011, expanding to include Medicare Part D services
effective January 1, 2012.
"Our flexible service offering complements the efforts of HealthPlus to
deliver on their priorities of wellness, retention and compliance. As
our second new health plan contract in Michigan this year, it builds
our momentum as we establish a strong base in the region," said Mark
Thierer, Chairman, President and CEO of SXC. "Flexibility and
customization were the keys to the win, and our robust PBM technology
engine is what makes it all work."
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.
HealthPlus of Michigan is a licensed not-for-profit Health Maintenance
Organization which together with its subsidiary corporations provides
healthcare coverage to more than 215,000 members. HealthPlus arranges
for the delivery of healthcare through a variety of commercial products
and government programs: Health Maintenance Organization (HMO),
Preferred Provider Organization (PPO), Point of Service (POS), Medicare
Advantage and Medicaid programs. For more information visit www.healthplus.org.
SOURCE SXC Health Solutions Corp.
For further information: