- Company to provide industry-leading PBM technology solutions and services for the Ohio Bureau of Workers' Compensation -
LISLE, IL, July 17 /PRNewswire-FirstCall/ - 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 HealthCare Information Technology ("HCIT") Group has been awarded a contract to provide PBM solutions to the Ohio Bureau of Workers' Compensation. The contract period is for a three-year term with services commencing on November 1, 2009.
Under terms of the agreement, SXC will provide pharmacy claims adjudication, drug utilization review, pharmacy network management, clinical services to contain costs, Maximum Allowable Cost list management, and management reporting in support of more than an estimated 1.6 million workers' compensation cases annually. SXC will deliver services for injured workers within Ohio and nationally as necessary.
"We are very pleased to work with the Ohio Bureau of Workers' Compensation to ensure that high quality pharmacy services are provided to Ohio's injured workers, and that the Bureau is able to improve healthcare outcomes while reducing the costs of care," said Mark Thierer, President CEO of SXC Health Solutions. "The worker's compensation market has unique service characteristics that set up well for our technology-based PBM platform. We look forward to providing the Ohio Bureau of Workers' Compensation a strong PBM service offering."
About SXC Health Solutions Corp.
SXC Health Solutions Corp. is a leading provider of pharmacy benefit management (PBM) services and Healthcare Information Technology (HCIT) solutions to the healthcare benefits management industry. As the industry's "technology-enabled PBM"(
|SOURCE SXC Health Solutions Corp.|
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