Apr 19 2011
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 it has been awarded a three-year Health Care Information Technology ("HCIT") service contract from Health Alliance Plan ("Health Alliance") of Michigan, a health plan with an annual health spend of approximately $250 million. Health Alliance Plan markets health plan products in the commercial and Medicare Part D market segments.
Under the terms of the HCIT agreement SXC is providing a full suite of flexible PBM tools as part of the contract, including RxAuth™, RxBUILDER™, RxMAX™, RxEXCHANGE™ and Zynchros, to Health Alliance Plan's 500,000 commercial and Medicare Part D members, effective January 1, 2012.
"Health Alliance's commitment to wellness, disease management and customer service matches our own customer values and approach to deliver the best overall outcomes at the best cost," said Mark Thierer, Chairman, President and CEO of SXC. "This win is more proof of the reputation we are earning as an agile and collaborative partner within the health plan market. Our ability to understand the unique goals of a health plan, large or small, and deliver customized solutions has enabled us to drive significant organic growth. The Health Alliance Plan announcement is a great start to what we believe will be a strong 2012 sales season."
SOURCE SXC Health Solutions Corp.
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