The Pharmacy Benefits Management Institute Recognizes informedRx for Their Efforts to Minimize Inappropriate Prescribing of Controlled Substances
LISLE, IL, Feb. 22 /PRNewswire/ - SXC announced today that the Pharmacy Benefit Management Institute (PBMI) awarded the 2011 Rx Innovation Award to informedRx. This award recognizes the Controlled Drug Program, developed by informedRx, to promote safety, enhance quality of life, decrease risk for on-the-job injuries and achieve overall plan savings.
Use of multiple narcotics can have adverse effects on both members and plan sponsors, including: compromised patient safety, risk of addiction and diminished quality of life, risk of on the job injuries and wasting scarce health plan resources. InformedRx designed a program of pharmacist review and intervention in which targeted interventions were sent to physicians with the goal of improving prescribing patterns for this important class of medications. The program demonstrated strong results, including: 58% fewer narcotic prescriptions written, 57% fewer prescribers writing narcotic prescriptions, and an average savings per case of $105.16.
"Our goal with our clinical programs is to save money for our clients, but more importantly, to impact safety and quality of life for our clients' members. In the long term, that's what makes the greatest impact on productivity and health", said Mark Thierer, President and CEO of SXC. "Our clients look to us to provide services that go beyond the price of drugs - they want partners who can address their specific issues and goals. Like the rest of our services, this program takes advantage of our industry leading technology and can be easily customized to do just that."
The informedRx Controlled Drug Program has been deployed with a number of clients, each customizing the program based on review of their data and prescribing patterns. In 2010, the program garnered a Gold URAC Best Practices award for informedRx's partnership with EMPLOYERS Occupational Health in the area of HealthCare Consumer Empowerment and Protection.
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.
SOURCE SXC Health Solutions Corp.