SXC Health Solutions announces informedRx renewal contract with The University o... ( LISLE IL July 2 / SXC Health Solu...)

SXC Health Solutions announces informedRx renewal contract with The University of Michigan

Date:7/2/2008

LISLE, IL, July 2 /PRNewswire-FirstCall/ - SXC Health Solutions Corp. ("SXC" or the "Company") (NASDAQ: SXCI, TSX: SXC), a leading provider of technology and pharmacy benefits management services, announces a 36-month renewal agreement for its informedRx suite of services with The University of Michigan. Services to be provided under the renewal include: RxCLAIM(R) for on-line adjudication services of prescription drug claims, RxTRACK(R) for data warehouse access, benefit administration, pharmacy network management, rebate services and clinical prior authorization management.

"We are very pleased to extend our relationship with The University of Michigan and to continue to support their innovative programs centered on reducing their prescription drug expenditures and enhancing the quality of care for their plan members," said Mark Thierer, President and Chief Executive Officer at SXC.

"Our relationship with SXC has allowed The University of Michigan to effectively manage our pharmacy benefits by implementing a variety of programs in a very flexible manner - keeping the rate of increase of our drug costs well below the national average," stated Keith Bruhnsen, Assistant Director, Benefits at The University of Michigan. "Their ongoing commitment to timely and superior member service was also an important factor in our renewal."

About informedRx(R)

informedRx(R) is a broad suite of a la carte pharmacy benefit services that provide a flexible and cost-effective alternative to traditional pharmacy benefit management offerings. informedRx is built around SXC's industry leading technology solutions including pharmacy claims processing and reporting, rebate billing system and near real-time alternative therapy messagin
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SOURCE SXC Health Solutions Inc.
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SXC Health Solutions announces informedRx renewal contract with The University o...( LISLE IL July 2 / SXC Health Solu...),Health