SXC Health Solutions Corp. ("SXC" or the "Company") (NASDAQ: SXCI, TSX: SXC), today announced it has entered into a strategic relationship with Allscripts (NASDAQ: MDRX) to enhance the electronic prescribing (e-prescribing) options available to SXC's healthcare benefits management customers.
The SXC-Allscripts arrangement enables SXC clients - health plans, employers, government agencies, pharmacy benefit managers and pharmacies - to seamlessly and securely exchange authorized eligibility, formulary, medication history, and pharmacy information with physicians or other prescribers who use Allscripts stand-alone e-prescribing or Electronic Health Record (EHR) solutions. The prescribers can then use the transmitted, patient-specific information during the prescribing process to make safer, more cost-effective decisions with their patients.
"As the industry's Technology-enabled PBM(TM), SXC is committed to driving e-prescribing across the many markets we serve," said Mark Thierer, President and Chief Executive Officer, SXC Health Solutions. "Delivering actionable information to the provider at the point-of-care is central to our operating principles. We are pleased to partner with Allscripts, the market leader with the most widely used e-prescribing and EHR solutions in the U.S. today. Beyond e-prescribing, we look forward to additional joint efforts with Allscripts to share patient-specific, clinically rich insights with prescribers where and when they need them."
Electronic prescribing offers significant advantages to payers, patients and physicians either as a stand-alone solution or as part of an EHR. Through industry-standard transactions, physicians using mobile devices or computers in their office can access patient-specific information related to medication coverage, available alternative therapies, medication history, potentially harmful drug interactions, and prescription costs. Allscripts and SXC believe exchanging prescription information in this way reduces adverse drug events and medication errors that cause thousands of needless deaths in the United States each year.