Navigation Links
SXC Health Solutions selected by UFCW & Employers Benefit Trust to provide PBM services
Date:1/12/2009

LISLE, IL, Jan. 12 /PRNewswire-FirstCall/ - SXC Health Solutions Corp. ("SXC" or the "Company") (NASDAQ: SXCI, TSX: SXC), a leading provider of pharmacy benefit management (PBM) and technology services, announces that it's informedRx PBM unit has been awarded a three-year contract to provide PBM services to the 110,000 member UFCW & Employers Benefit Trust (UFCW Trust) based in Walnut Creek, California. The contract is expected to generate approximately $80 million in annual revenue for SXC.

Under terms of the contract, informedRx will provide claims processing, specialty pharmacy services, mail order pharmacy services, network management and a suite of clinical programs designed to help the UFCW Trust contain the costs within its prescription drug programs and enhance the level of care and service for its members. informedRx expects to launch its services with the UFCW Trust in the first quarter of 2009.

"We are pleased to expand our reach into the labor market with a highly respected organization such as UFCW Trust," said Mark Thierer, President and Chief Executive Officer at SXC. "Our flexible suite of PBM services and fee-for-service business model are an ideal fit for the labor market where transparency and accountability are in high demand."

"After a rather exhaustive RFP selection process we determined informedRx matched our goals and objectives moving forward the best," said Jacque Lovell, Chairmen of UFCW & Employers Benefit Trust. "informedRx's unique model fit perfectly with what our members have come to expect in the delivery and service of the Pharmacy benefit."

About informedRx(R), a SXC Company

informedRx(R) is a broad suite of a la carte pharmacy benefit services that provide a flexible and cost-effective alternative to traditional PBM offerings. informedRx is built around SXC's industry leading technology solutions including pharmacy claims processing and reporting, rebate management system and near real-time alternative therapy messaging. informedRx also provides clinical intervention programs and drug utilization reviews which feature a coordinated approach with plan sponsors allowing input and control for specific client and market situations.

About UFCW & Employers Benefit Trust

Located in Walnut Creek, California, the UFCW & Employers Benefit Trust provides pension, health and welfare benefits and services for members of UFCW Union locals in Northern California and Hawaii who are employed in grocery, retail drug, and general retail businesses. Benefits and services are also provided to retirees and eligible dependents.

About SXC Health Solutions

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, 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 employers, health plans, 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.
Copyright©2009 PR Newswire.
All rights reserved

Related medicine news :

1. Oleen Pinnacle Announces Acquisition of Partners in Health Systems
2. Actress, Author Mariel Hemingway & Travelers Advantage Say: Traveling is a Time to be Even Healthier
3. AIM Pharmakon Introduced Next Generation of Health and Longevity Products with a Unique Premium Quality Natural Liquid Calcium & Mineral Supplement Concentrate
4. Grubb & Ellis Healthcare REIT Acquires Mountain Plains Portfolio in Texas
5. McCormick Foundation Invests $5 Million in Chicago Initiatives Addressing Civic Health and Education
6. Almost Family to Present at 27th Annual J.P. Morgan Healthcare Conference
7. Miller Joins Siemens IT Solutions and Services as V.P. of Healthcare Industry Group
8. UPMC Health Plan Introduces `MyFlex Advantage Card
9. Meridian Makes CES Good For Your Health
10. Shared Health(R) Names Adnane Khalil as Chief Information Officer
11. Dalcons Healthcare Communications Software Receives Internet Telephony Magazine Product of the Year Award
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:10/13/2017)... , ... October 13, 2017 , ... PurhealthRX , ... Oil utilizing Purzorb™ technology. Applying the Purzorb™process to full spectrum CBD oil will revolutionize ... providing a CBD form that can be easily incorporated into liquid products, while reducing ...
(Date:10/13/2017)... Calif. (PRWEB) , ... October 13, 2017 , ... Many ... dementia. However, many long-term care insurance companies have a waiver for care if the ... 90-day elimination period, when the family pays for care, is often waived, so the ...
(Date:10/13/2017)... ... October 13, 2017 , ... Yisrayl Hawkins, Pastor and Overseer at The House ... most popular and least understood books in the Holy Scriptures, Revelation. The Book of ... baffled scholars for centuries. Many have tossed it off as mere rubbish, but Yisrayl ...
(Date:10/13/2017)... ... , ... “America On The Brink”: the Christian history of the United States ... creation of published author, William Nowers. Captain Nowers and his wife, Millie, have ... thirty years in the Navy. Following his career as a naval aviator and ...
(Date:10/12/2017)... WAUSAU, Wis. (PRWEB) , ... October 12, 2017 ... ... formulated standard products to meet the demand of today’s consumer and regulatory authorities ... team of probiotic experts and tested to meet the highest standard. , ...
Breaking Medicine News(10 mins):
(Date:10/7/2017)...   Provista, a proven leader in the ... purchasing power, today announced a new resource area on ... is the online home for case studies, articles ... news releases, slideshows and events. ... resources at their fingertips, viewers can also watch short ...
(Date:10/2/2017)... , Oct. 2, 2017 Diplomat Pharmacy, ... 8th Day Software and Consulting, LLC , and named ... 8th Day Software, based in Tennessee , ... 8th Day expands EnvoyHealth,s service offerings for health care ... "In an interoperable ...
(Date:9/28/2017)... , Sept. 28, 2017 Hill-Rom Holdings, ... 2017 earnings conference call and webcast on Friday, November ... a.m. (EDT) and ending at approximately 8:30 a.m. (CDT) ... discussing the company,s 2017 financial performance and guidance for ... opportunities, initiatives to enhance operational performance, and long-range financial ...
Breaking Medicine Technology: