Toronto Stock Exchange Symbol: SXC
Systems Xcellence Announces InformedRx Contract with the University of MichiganMILTON, Ontario September 8, 2005, Systems Xcellence Inc., (“SXC” or the “Company”) (TSX: SXC) a leading provider of healthcare information technology solutions throughout the pharmaceutical supply chain, announces a three-year contract for its InformedRx pharmacy benefit administration services through its U.S. subsidiary, SXC Health Solutions, Inc., with the University of Michigan (the “University”). “We are pleased to break into the education vertical with our InformedRx services and to have done so with a prestigious organization such as the University of Michigan,” said Gordon S. Glenn, President and CEO of SXC. “Our customers continue to see value in the development of their own unique care management approach and SXC’s consultative solutions enables customers such as the University of Michigan to implement their vision.” The University will use InformedRx to help design prescription drug benefit plans for its members, adjudicate prescription drug claims, manage reimbursement of retail pharmacy network and mail service contracts, analyze drug utilization, and establish a web portal to extend the point-of-contact with their members. In addition, the University will use InformedRx to manage rebate contracts with pharmaceutical manufacturers as well as take member and pharmacy help desk calls. “We actively manage the features of our pharmacy benefit management programs and value transparency in terms of the expenses related to delivering prescription drugs to our plan members,” said Keith Bruhnsen, Assistant Director, Benefits, at the University of Michigan. “These were key factors in our decision to work with SXC,” added Mr. Bruhnsen. 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 Systems Xcellence Inc. Systems Xcellence (SXC) is headquartered in Milton, Ontario with offices and processing centres in Lombard, Illinois, Warminster, Pennsylvania, Scottsdale, Arizona and Victoria, British Columbia. Through its SXC Health Solutions, Inc subsidiary, SXC is a leading provider of healthcare information technology solutions and services to the U.S. 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, independent, chain and mail-order pharmacies and other healthcare intermediaries. 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 Company's Annual Information Form. For more information, please contact:
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