Toronto Stock
Exchange Symbol: SXC
SYSTEMS XCELLENCE ANNOUNCES STRATEGIC
PARTNERSHIP WITH SCRIPT STRATEGIES
Partnership to further
expand capabilities of InformedRx
MILTON, Ontario November 30, 2004, Systems Xcellence Inc., ("SXC") (TSX:
SXC) a leading provider of healthcare information technology solutions
throughout the pharmaceutical supply chain, today announced that its
wholly-owned U.S. -based subsidiary, SXC Health Solutions, has entered into
a strategic partnership with Script Strategies, LLC, a pharmacy healthcare
consulting company based in Cincinnati, Ohio.
To better serve the emerging market demand for pharmaceutical pricing and
operational transparency within the managed care marketplace, SXC Health
Solutions has engaged Script Strategies to establish performance-based
pharmaceutical manufacturer contracts for SXC customers that seek a balanced
portfolio of "best-in-class" drug therapies. This arrangement is consistent
with SXC's stated objective to continue the development of its InformedRx
suite of services for its private label PBM (pharmacy benefit manager)
customers, as well as an alternative solution to the full service PBM
offering in the Managed Care Organization (MCO) market.
"This approach offers control of the formulary decision process as well as
balance between cost control concerns and appropriate therapy specific to
our customers in their markets," said Gordon S. Glenn, President and CEO of
SXC.
SXC will process over 110 million adjudicated claims at its ASP (Application
Service Provider) data center this year. The new manufacturer contracting
service will be offered to prospects and new customers, as well as SXC's
existing customers who currently use an alternative provider for this type
of service, and as a result, its launch is expected to drive additional
transaction volume through the Company's data center in 2005 and beyond.
SXC will continue to announce new offerings to round out the suite of
transparent-pricing services that the company launched as "InformedRx" early
in 2004.
About InformedRx
InformedRx is a broad suite of à la carte pharmacy benefit administrative
services that provide a flexible and cost-effective alternative to
traditional pharmacy benefit management offerings typically employed by
managed care organizations. InformedRx is built around SXC's industry
leading pharmacy claims processing system, RxCLAIM® and features pricing on
a fee-for-service basis. RxCLAIM is a transaction processing system designed
to provide instant on-line adjudication of third party prescription drug
claims at the point of service, including trouble-free claims management and
cost-effective review, as well as payment and billing support and real-time
functionality for updating benefit, price, member, provider and drug
details.
About Script Strategies, LLC
Script Strategies, LLC is a pharmacy healthcare consulting company based in
Cincinnati, Ohio. Script Strategies offers a range of services including
expertise in: pharmaceutical rebate contracting and management; formularies
and preferred drug list development and management; clinical services
including prior authorization, step therapy, drug utilization review, and
specialty pharmaceutical programs; pharmacy audit programs and MAC list
development, software and database development; pharmacoeconomic modeling
and financial review; strategy development; marketing and marketing
research; and e-commerce. Script Strategies can be found on the Internet at
www.script-strategies.com
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, application service provider (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. SXC can be found on the Internet at
www.sxc.com.
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