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:6/27/2017)... ... June 27, 2017 , ... Hammer Strength, the world’s leading performance strength training ... of the Houston Rockets the NBSCA Strength & Conditioning Coach of the Year. ... members who vote to select the coach who embodies the highest level of excellence ...
(Date:6/27/2017)... ... 27, 2017 , ... A+ Orthodontics is now offering special ... on treating alignment and occlusion irregularities. Treatment often includes the use of braces ... Hollywood dentist , Dr. Garemani, along with Dr. Reza and the rest of ...
(Date:6/27/2017)... (PRWEB) , ... June 27, 2017 , ... Children’s National ... Children’s Hospitals rankings, with its Neonatology program ranking #1 out of more than ... also named to the coveted Honor Roll, a distinction given to the top performing ...
(Date:6/26/2017)... ... ... Antoine Dental Center is now offering various types of dental implants to restore ... support for prosthetic teeth, such as crowns, bridges, or dentures. An implant is placed directly ... new root for the tooth. , Several types of dental implants are available, including: ...
(Date:6/26/2017)... ... June 26, 2017 , ... The Centers for Advanced Orthopaedics ... of Richard Robinson as chief operating officer (COO). In this role, Robinson brings ... track record of simplifying business processes and developing growth strategies to increase market ...
Breaking Medicine News(10 mins):
(Date:6/16/2017)... , June 16, 2017  Exactly 50 years ago ... off what later became known as the San Francisco "Summer ... ) is unveiling two radical innovations in strategic market research ... This announcement marks the beginning of Northern Light,s "Summer of ... ...
(Date:6/14/2017)... , June 14, 2017  In 2016, ... Creative Startups pitch competition and came away with ... platform is described by Forbes as "entering the life ... Medical Association as teaching "empathy to medical professionals in ... startup was recently named a finalist for the Department ...
(Date:6/11/2017)... and Company (NYSE: LLY ) announced today ... an investigational treatment for the prevention of episodic and ... endpoints for galcanezumab compared to placebo at both studied ... REGAIN) will be presented today at the American Headache ... . "The detailed Phase 3 ...
Breaking Medicine Technology: