PRESS RELEASE FOR IMMEDIATE RELEASE - Back to Press ReleasesToronto Stock Exchange Symbol: SXCSystems Xcellence Signs $500,000 USD Contract Extension with First Health Services CorporationMILTON, Ontario (May 8, 2001) -- Systems Xcellence Inc., (TSE: SXC) announced today that it has a entered into a contract extension with First Health Services Corporation (FHS) to provide additional development services and functionality related to the Company's Pharmacy Benefit System (HX-PBS). Under the terms of the agreement, SX will provide further application extensions and refinements as they relate to the processing of Medicaid drug claims. The Company reported that the value of this extension is in excess of $500,000 USD. "We appreciate our strong relationship with First Health Services Corporation and welcome the opportunity to work with them on these new deliverables. These refinements reflect further definition of functionality enabling FHS to further service the Medicaid processing marketplace in the United States. Our team will work closely with FHS to effectively improve the timely delivery of this enhanced functionality. ", said Gordon S. Glenn, President and CEO of Systems Xcellence. First Health Services is a leader in healthcare management, administration and information services for government funded health benefit programs. First Health Services is the company of choice for State Medicaid and elderly drug assistance programs, which have contracted independently for pharmacy benefit management and clinical management services. First Health Services [www.fhsc.com] is based in Glen Allen, Virginia and is a wholly owned subsidiary of First Health Group Corp. [First Health]. First Health is the premier full-service national health benefits company in the United States. The Company specializes in providing large, national employers with a fully integrated, single source for their group health programs providing comprehensive, cost-effective and innovative solutions for all the health benefits needs of their employees nationwide. Through its workers' compensation and auto service line, the Company provides a full range of managed care services for insurance carriers, state insurance funds, TPAs and large, self-insured national employers. Through its First Health Services government business line, the Company serves State Medicaid and public assistance programs with claims administration, pharmacy benefits management and clinical management services. First Health is headquartered in Downer's Grove, Illinois and its shares are traded on the NASDAQ exchange under the symbol FHCC. HX-PBSŪ (Pharmacy Benefits System), SX's 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 robust software products, business expertise and services to deliver superior solutions to the ever-changing managed care sector. The Company's shares are traded on the Toronto Stock Exchange under the symbol SXC. SX can be found on the Internet at http://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. For more information, please contact: Email: investors@sx.com Email: ellenbw@sx.com |