Toronto Stock Exchange Symbol: SXCFOR IMMEDIATE RELEASESYSTEMS XCELLENCE IMPLEMENTS RxCLAIM® PHARMACY BENEFITS MANAGEMENT SYSTEM AT LARGE REGIONAL HEALTH PLAN- Over 2.1 million members covered by pharmacy benefits management system -
MILTON, ON, May 24, 2002 -- Systems Xcellence, Inc. ("SXC" or "the Company") (TSX: SXC) a leading provider of healthcare information technology solutions throughout the pharmaceutical benefits supply chain, today announced the successful implementation of its pharmacy benefits management and claims processing system (RxCLAIM®) at a large U.S. regional health plan ("the Health Plan"). In a US$1,750,000 software license and services agreement that was announced on September 19, 2001, the Health Plan selected SXC to provide its claims processing system (RxCLAIM®) as well as consulting, development services and maintenance, to manage the prescription drug benefit processing for the Health Plan's 2.1 million members. "We are pleased to announce that the first prescription was processed on April 27, 2002 after a virtually seamless transition from the Health Plan's legacy system," said Gordon S. Glenn, President & CEO of SXC. "Our experience with many other similar organizations enabled our team to proactively identify any potential issues and implement the Health Plan's entire book of business in minimal time." The SXC/Health Plan strategic relationship began with a common goal - a successful start-up in early 2002 with no disruption to their members. Both parties worked collaboratively to develop a comprehensive project plan that included a comprehensive testing component to ensure the project's success. "After thorough due diligence, SXC was selected over our competitors based on our technological advantages and our experience and track record in establishing transaction management networks at other managed care organizations and pharmacy benefit managers," said Tim Rourke, Senior VP Client Services. "The superior flexibility and functionality of the RxCLAIM® system will allow the Health Plan to better manage the pharmacy programs for its members by increasing the efficacy, safety and cost effectiveness of its prescription drug programs. Importantly, SXC has delivered a robust system that can also support the Health Plan's expected growth in transaction volumes." 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 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, managed care organizations, 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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