Technology, flexibility and customization drive contract win
LISLE, IL, April 19 /PRNewswire/ - 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, 2012.
"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.