Toronto Stock
Exchange Symbol: SXC
Systems Xcellence Awarded US$1,750,000 Software License and Services Agreement with Large Regional
Health Plan
MILTON, ON, September 19, 2001 -- Systems Xcellence Inc., (TSE: SXC) announced
today a US$1,750,000 agreement with a large regional health plan (the "Health Plan") to provide a software
license for its claims processing system (RxCLAIM®) as well as consulting, development services and
maintenance, which will be implemented to manage the prescription drug benefit processing for the Health
Plan's 3 million members.
"The signing of this agreement adds another major health plan to our growing client
base," said Gordon S. Glenn, President & CEO of Systems Xcellence (SXC). "As the leading provider of
healthcare benefit processing solutions, SXC has the experience, technology and resources to support the
Health Plan in its efforts to cut costs, improve efficiencies, enhance patient safety and meet impending
HIPAA standards. Our team of dedicated professionals will work closely with them to ensure a timely
implementation."
SXC's experience and track record with many prominent Managed Care Organizations
and Pharmacy Benefit Managers, and the blend of partnering with an independent organization, contributed
to the selection of SXC over the competition. Key selection criteria included service, functionality,
reputation, and corporate commitment to development. To maintain a competitive edge in the marketplace
while delivering quality patient care services, the Health Plan needed to take complete control over
developing and implementing unique pharmacy programs and benefit designs. SXC's software solutions and
industry experience will assist the Health Plan in every aspect of its strategic vision.
About Systems Xcellence Inc:
Systems Xcellence (SXC) is headquartered in Milton, Ontario with offices and
processing centres in Lombard, Illinois, Scottsdale, Arizona and Victoria, British Columbia. SXC is a
leading provider of healthcare information technology (IT) solutions and services to the healthcare
benefits management industry. The company's product offerings and solutions combine a wide range of
software applications, ASP processing services and professional services, designed for many of the largest
organizations in the pharmaceutical supply chain, such as pharmacy benefit managers (PBMs), managed care
organizations (MCOs), retail pharmacy chains and other healthcare intermediaries.
The company's products offer its customers comprehensive pharmacy benefits
management, claims switching and processing, drug dispensing, data warehousing and analysis, and rebate
contract management systems. SXC delivers these solutions to its customers as software products bundled
with systems implementation and consulting services, or on an ASP basis from its data centres in
Scottsdale, Arizona and Lombard, Illinois. The Company's shares are traded on the Toronto Stock Exchange
under the symbol SXC. SXC can be found on the Internet at www.sxc.com.
This press release contains forward-looking statements based on current
expectations. These forward-looking statements entail various risks and uncertainties that could cause
actual results to differ materially from those reflected in these forward-looking statements. Risks and
uncertainties about the Company's business are more fully discussed in the Management Discussion and
Analysis published in the Company's annual report.
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