Systems Xcellence Introduces New Product for Pre and Post Adjudication Software for
Pharmacies and Managed Care Organizations
HX-Compliance Assists Retail Pharmacy Chains and Managed Care Organizations in Pre Edit
and Post Adjudication of Claims
MILTON, Ontario (March 14, 2000) -- Systems Xcellence Inc., (TSE:
SXC) today announced the launch of a pre and post adjudication software system for Retail Pharmacy
chains and Managed Care Organizations.
The new system, to be called HX-Compliance®,
will be part of Systems Xcellence's growing Healthcare Xcellence (HX)
suite of healthcare automation products. HX-Compliance provides pre and
post-adjudication capabilities that allow retail pharmacies to optimize
and manage the contracts they have with Pharmacy Benefit Managers (PBMs).
With HX-Compliance, retail pharmacies take a proactive approach to
managing PBM contracts, ensuring that claim submissions result in
maximized reimbursement according to the terms of their contract. Claim
pre-adjudication minimizes rejections from PBMs, reducing pharmacy
administrative costs. In addition, HX-Compliance allows pharmacies to
streamline claim submissions and create a more efficient prescription
fulfillment process. The post-adjudication provides pharmacies with an
audit tool that identifies discrepancies in the pre-adjudicated
reimbursement amount and what was actually paid by the PBM.
"Pharmacies using HX-Compliance will find greater
workflow efficiencies with this new product." said Systems Xcellence
President and CEO Gordon Glenn. "By increasing the accuracy and
compliance rate of the claims submission process, HX-Compliance enables
pharmacists to concentrate on what they do best, taking care of
patients."
The system includes a flexible set of rules for such
factors as ingredient costs and dispensing fees, ensuring the
pre-adjudication process is completed in accordance with PBM contract
guidelines. Although the focus of the software functionality is on the
claim, HX-Compliance also allows pharmacies to register negative
eligibility records if an individual's coverage is rejected - ensuring
procedural efficiencies, and preventing future claim submissions for
patients previously determined to be ineligible.
HX-Compliance is the latest product in Systems
Xcellence's growing line of Healthcare Xcellence products for the
healthcare benefits management industry. HX-PBS® (Pharmacy Benefits
System), its flagship product, combines full-functionality with a
patient-centric design. Targeting Pharmacy Benefit Managers and Managed
Care Organizations, HX-PBS is used to manage all aspects of pharmacy
benefits, such as membership identification and enrollment, drug
Interaction and utilization, billing and payments, eligibility and claims
adjudication.
Systems Xcellence is
headquartered in Milton, Ontario, and provides advanced online transaction
processing solutions for the healthcare benefits management industry. The
Company combines web-enabled, real-time transaction processing technology
with business consulting expertise, technical services and custom solution
development to deliver patient-centric software solutions to the
healthcare industry. The Company provides solutions specifically designed
for health benefit management organizations including eCommerce Providers,
Pharmacy Benefit Management organizations, Blue Cross Blue Shield plans,
Managed Care Organizations and Retail Pharmacy chains. The Company's
shares are traded on the Toronto Stock Exchange under the symbol SXC. |