- marks the second time in three years that SXC has received Innovation Award -
LISLE, IL, March 5 /PRNewswire-FirstCall/ - SXC Health Solutions Corp. ("SXC" or the "Company") (NASDAQ: SXCI, TSX: SXC), a leading provider of pharmacy benefit management services, announced today that the Pharmacy Benefit Management Institute (PBMI) has co-awarded informedRx, SXC's PBM services unit, and the State of Arkansas Employee Benefit Division (EBD) a 2009 Rx Benefit Innovation Award.
Integrail, a division of informedRx, received the award for its Clinical Data Integration and Risk Prediction program. The innovative solution provides the State of Arkansas Employee Benefit Division with the clinical, financial and utilization information necessary to better manage their medical and pharmacy benefits and provide targeted clinical intervention programs in support of the Governor's Healthy Arkansas Initiative.
According to Jason Lee, Executive Director, State of Arkansas Employee Benefits Division: "The commitment to service and professionalism of the entire informedRx / Integrail team is more than we could have ever expected. The reporting, analytic tools, and consultation that we receive are essential components for controlling our pharmacy costs and maintaining an annual cost trend which is much lower than the nation average."
"PBMI's 2009 award recipients differentiate themselves from the industry norm by using creative, collaborative approaches to improving drug benefit programs," says Dana H. Felthouse, MBA, President of PBMI. "The Integrail-State of Arkansas partnership improves the quality of the state's drug benefit program and helps to curb costs."
The State of Arkansas' interest in Integrail services stems from the Healthy Arkansas Initiative that focused on improving the health of Arkansas residents. The program's goal is to turn around a state that perennially ranked as one of the unhealthiest in the country by getting its citizens to exercise more, watch their weight and quit smoking. EBD has encouraged state and public school employees to participate in this initiative with various incentives and programs targeted to promote healthy behaviors.
"We are very proud that PBMI has chosen SXC for this prestigious award and view it as further validation of our commitment to working in partnership with our clients to reduce their healthcare costs," said Mark Thierer, President and CEO of SXC. "Over the course of this relationship, Integrail has provided analytical insight that has supported informed decision making within EBD with regard to benefit design and clinical support. We are delighted that SXC and the state are continuing to work together to improve care, reduce health risk, and contain cost while assisting the state to achieve its Healthy Arkansas Initiative."
This is the second time in three years that SXC has received a PBMI award. The Company previously received the Rx Benefit Innovation Award in 2007 for RxPortal, a web-based application that keeps health plan members informed about their prescription benefit programs.
Integrail, a division of SXC Health Solutions, is dedicated to helping its customers understand and manage healthcare resources through its software application, analytics, and advisory services. Founded in 1998, Integrail has over ten years experience in integrating medical and pharmacy claims data on behalf of health plans, government organizations, employers and physician groups. The core of the Integrail product line is an advanced set of comprehensive tools for integrating medical and pharmacy claims data. By leveraging our unique proprietary business logic, risk prediction and episode profiling expertise, Integrail enables a wide array of users in healthcare payer and provider organizations to understand the impact of healthcare resource allocation and medical decision making from both clinical and economic perspectives.
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 13 locations in the US and Canada. For more information please visit www.sxc.com.
|SOURCE SXC Health Solutions Corp.|
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