Navigation Links
SXC Health Solutions announces PBM certification from the HR Policy Association

LISLE, IL, Oct. 8 /PRNewswire-FirstCall/ - SXC Health Solutions Corp. ("SXC" or the "Company") (NASDAQ: SXCI, TSX: SXC), a leading provider of pharmacy benefits management ("PBM") services, announces that its informedRx division has been recertified to provide PBM services to members of the HR Policy Association (HRPA). HRPA's pharmaceutical coalition is made up of more than 60 large employers, representing 50% of the large employer market segment, who collectively purchase pharmacy benefits for more than five million Americans. This certification represents SXC's commitment to HRPA's stringent transparency test to help employers determine the true cost they pay for their prescription drugs.

"SXC is proud to have been recertified by HRPA," said Mark Thierer, President and CEO of SXC Health Solutions. "We believe that the traditional model for managing pharmacy benefit programs and pharmaceutical purchases is undergoing a fundamental shift. Employers are demanding transparency along with tech-enabled services that help them to optimize their pharmacy benefit programs by reducing pharmacy costs and enhancing the level of patient care. SXC is a pioneer in delivering transparency to the market and with our widely respected tools and technology we are well positioned to lead the charge toward redefining pharmacy benefit management."

Each year the Coalition issues a market-wide request for proposal (RFP), and PBMs that respond must verify that they will comply with the Coalition's transparency standards and agree to rigorous audit rights to guarantee compliance. The TIPPS standards promote contracting that makes it easier for employers, their beneficiaries and dependents to understand the true price of a drug. This initiative has proven over the past four years to be a powerful tool that employers can use to control their pharmaceutical spend.

In order to be recertified, informedRx has agreed to:

- Provide employers the acquisition cost for brand and generic drugs

dispensed at retail pharmacies;

- Provide employers acquisition-based pricing for brand and generic

drugs delivered through mail service;

- Disclosure and passing through all revenue from drug manufacturers

that relates to utilization under an employer's contract;

- Provide acquisition cost and the same level of transparency for

especially costly specialty pharmacy drugs; and

- Allow rigorous audit rights to ensure compliance with the TIPPS


About HRPA

HR Policy Association brings together the chief human resource officers of more than 250 of the largest corporations in the United States. Representing nearly every major industry sector, HR Policy members have a combined market capitalization of more than $7.5 trillion and employ more than 18 million employees worldwide. The association's mission is to assist large employers in using the collective leverage of the membership to further critically important business and societal objectives.

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 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 Federal, provincial, and, state and local governments, pharmacy benefit managers, managed care organizations, 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

SOURCE SXC Health Solutions Inc.
Copyright©2008 PR Newswire.
All rights reserved

Related medicine news :

1. Penn study finds pro-death proteins required to regulate healthy immune function
2. UCLA researchers identify markers that may predict diabetes in still-healthy people
3. Air pollution linked to cardiovascular risk indices in healthy young adults
4. More proof needed of safety and quality of electronic personal health records
5. Health care incentive model offers collaborative approach
6. Loneliness is bad for your health
7. Mailman School of Public Health study examines link between racial discrimination and substance use
8. Green Tea May Brew Up Healthier Skin
9. For Health Info, Women Often Turn to the Web
10. Record Number of Americans Lack Health Insurance
11. U.S. Research Funding Continues to Flatten as U.S. Health Costs Climb - in August 31 Science
Post Your Comments:
(Date:12/1/2015)... CA (PRWEB) , ... December 01, 2015 , ... ... States, today announced that its iconic bottle has won top honors in Beverage World ... The Company also announced that it has been selected as a 2015 U.S.A. ...
(Date:12/1/2015)... Cambridge, MA (PRWEB) , ... December 01, 2015 , ... ... 2013, in part due to decreases in utilization of hospital and nonhospital care, according ... report, CompScope™ Medical Benchmarks for Louisiana, 16th Edition , found medical payments per ...
(Date:12/1/2015)... ... December 01, 2015 , ... ... 7th Annual 2015 Golden Bridge Business Awards under the New Products and Services ... capex web based sample management software that helps labs organize data ...
(Date:12/1/2015)... ... December 01, 2015 , ... ... the United States. Podiatrists are well aware that psychology-based patient non-compliance (disobedience of ... often catastrophic contributors to diseases of the diabetic foot. The American Board ...
(Date:12/1/2015)... IL (PRWEB) , ... December 01, 2015 , ... ... keeping their independence is everything. That is why Hollister Incorporated has launched the ... to offer this next product in the VaPro touch free catheter portfolio,” said ...
Breaking Medicine News(10 mins):
(Date:12/1/2015)... 1, 2015 Pharma Tech Outlook recently conducted ... Clinical Data Management Solution Providers - 2015 .  After ... comprising CEOs, CIOs, VCs, analysts, and the Pharma Tech ... of top 10 clinical data management solution providers (check ... 14 and 36 respectively). --> ...
(Date:12/1/2015)... Breg, Inc ., a premier provider ... it has been awarded three contracts by Novation, a ... will have access to improved pricing for Breg,s portfolio ... goods dedicated to advancing orthopedic care.  ... population, rising prevalence of chronic conditions and the health ...
(Date:12/1/2015)... , December 1, 2015 Russia ... clinical trials. 70% of new drugs registered in Europe ... Russia . --> Russia has always been ... of new drugs registered in Europe in 2015 ... --> Russia has always been a country ...
Breaking Medicine Technology: