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SXC Health Solutions announces multi-year, multi-million dollar agreement with major PBM

July 31st, 2008 by admin

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LISLE, IL, July 10 /PRNewswire-FirstCall/ — SXC health Solutions Corp. (”SXC” or the “Company”) , a leading provider of pharmacy benefits management technology and services, announces a multi-year, multi-million dollar extension to its software maintenance and professional services agreement, and software license expansion with CVS Caremark Corporation.
The agreement provides CVS Caremark with software maintenance and professional services over a multi-year period along with expanded license rights. SXC has historically provided software maintenance and professional services to CVS Caremark. The scope of the services provided will not change under the new agreement.
“Since 1994, we have supported CVS Caremark or certain of the predecessor organizations; we are proud of our track record with this client and excited about the future prospects of working together,” said Mike Bennof, SXC’s Executive Vice President of health Care Information Technology (HCIT). “This announcement validates our business strategy by demonstrating that we remain a valued provider of pharmacy and non-pharmacy related technology and services to a wide variety of health care organizations that manage prescription drug benefit programs.”
About SXC health Solutions Corp.
SXC health Solutions Corp. is a leading provider of pharmacy benefits management (PBM) services and health Care Information Technology (HCIT) solutions 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 Federal, provincial, and, state and local governments, pharmacy benefit managers, managed care organizations, retail pharmacy chains and other healthcare intermediaries. SXC is headquartered in Lisle, Illinois with 13 locations in the US and Canada. For more information please visit .
SXC health Solutions Inc.

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SXC Health Solutions announces informedRx renewal contract with The University of Michigan

July 20th, 2008 by admin

LISLE, IL, July 2 /PRNewswire-FirstCall/ — SXC health Solutions Corp. (”SXC” or the “Company”) , a leading provider of technology and pharmacy benefits management services, announces a 36-month renewal agreement for its informedRx suite of services with The University of Michigan. Services to be provided under the renewal include: RxCLAIM(R) for on-line adjudication services of prescription drug claims, RxTRACK(R) for data warehouse access, benefit administration, pharmacy network management, rebate services and clinical prior authorization management.
“We are very pleased to extend our relationship with The University of Michigan and to continue to support their innovative programs centered on reducing their prescription drug expenditures and enhancing the quality of care for their plan members,” said Mark Thierer, President and Chief Executive Officer at SXC.
“Our relationship with SXC has allowed The University of Michigan to effectively manage our pharmacy benefits by implementing a variety of programs in a very flexible manner - keeping the rate of increase of our drug costs well below the national average,” stated Keith Bruhnsen, Assistant Director, Benefits at The University of Michigan. “Their ongoing commitment to timely and superior member service was also an important factor in our renewal.”
About informedRx(R)
informedRx(R) is a broad suite of a la carte pharmacy benefit services that provide a flexible and cost-effective alternative to traditional pharmacy benefit management offerings. informedRx is built around SXC’s industry leading technology solutions including pharmacy claims processing and reporting, rebate billing system and near real-time alternative therapy messaging. All contracting is founded on a total transparency and pass-through model for manufacturer rebates, retail network contracting and MAC management. informedRx also provides clinical intervention programs and drug utilization reviews which feature a coordinated approach with plan sponsors allowing input and control for specific client and market situations. All programs are priced on a fee-for-service basis.
About SXC health Solutions
SXC health Solutions Corp. (SXC) is a leading provider of pharmacy benefits management (PBM) services and HealthCare IT (HCIT) solutions to the healthcare benefits management industry. The Company’s HCIT Group is dedicated to supporting the PBM industry with a broad range of technology, tools and services including a wide range of software applications, application service provider (ASP) processing services and professional services. SXC’s customers include the largest organizations in the pharmaceutical supply chain, such as Federal, provincial, and state and local governments, PBMs, managed care organizations, institutional pharmacies, and other healthcare intermediaries. SXC is headquartered in Lisle, Illinois with 13 locations in the US and Canada. For more information please visit .
SXC health Solutions Inc.

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SXC Health Solutions announces three-year $35 million PBM contract with the State of Tennessee

July 10th, 2008 by admin

LISLE, IL, June 23 /PRNewswire-FirstCall/ — SXC health Solutions, Corp. (”SXC” or the “Company”) , a leading provider of technology and pharmacy benefits management services, announces that its HealthCare Information Technology (HCIT) Group has been awarded a three-year $35 million Pharmacy Benefits Manager (PBM) contract with the State of Tennessee’s, Bureau of TennCare (”TennCare”).
Under terms of the proposed agreement, SXC will administer TennCare’s pharmacy claims system, an online system that processes all Medicaid pharmacy transactions. SXC will also help administer TennCare’s Preferred Drug List, manage their pharmacy network, provide pharmacists with weekly payments for their services, and generate weekly encounter data and reconciliation services for TennCare.
“We are very pleased to establish a relationship with TennCare and to be part of their efforts to deliver a high quality and cost effective healthcare experience to their plan recipients,” said Mark Thierer, President and COO of SXC. “We continue to expand our footprint in the public sector where our fee-for-service business model, point-of-sale pharmacy claims adjudication and rebate systems, and Medicaid domain expertise is ideally suited to deliver the flexibility and transparency that State Medicaid agencies and other public sector organizations require.”
“The contract resulting from this RFP process represents another step forward in appropriately aligning the incentives in our program,” said TennCare Pharmacy Director David Beshara. “SXC has the tools, technology and expertise that will give us the ability to develop unique benefit programs, and to manage program costs without compromising our high service standards.”
The base contract is for three years with an expected launch date of October 1, 2008, and includes two one-year extension options. Through its $650 million annual pharmacy program, TennCare fills about one million claims a month.
About TennCare
TennCare is Tennessee’s managed-care Medicaid program serving approximately 1.2 million low-income children, pregnant women and disabled Tennesseans, with an annual budget of $7 billion.
About SXC health Solutions
SXC health Solutions, Corp. (SXC) is a leading provider of pharmacy benefits management (PBM) services and HealthCare IT (HCIT) solutions to the healthcare benefits management industry. The Company’s HCIT Group is dedicated to supporting the PBM industry with a broad range of technology, tools and services including a wide range of software applications, application service provider (ASP) processing services and professional services. SXC’s customers include the largest organizations in the pharmaceutical supply chain, such as Federal, provincial, and state and local governments, PBMs, managed care organizations, institutional pharmacies, and other healthcare intermediaries. SXC is headquartered in Lisle, Illinois with 13 locations in the US and Canada. For more information please visit .
SXC health Solutions Inc.

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UW Health to Use OnBase Software

July 4th, 2008 by admin

CLEVELAND, June 17 /PRNewswire/ — Hyland Software, the developer of OnBase, was chosen by UW health (including University of Wisconsin Hospital and Clinics) to use as part of the academic medical center’s electronic medical record (EMR) by integrating with its current applications.
(Logo: )
Recognized by U.S. News and World Report among “America’s Best Hospitals” and as a Thomson 100 Top Hospital, the University of Wisconsin Hospital and Clinics has begun its initiative at patient registration with paperless admitting. Eliminating paper from the registration process is aimed at reducing the delays and costs associated with duplicating and distributing paper copies.
OnBase will be used in clinical care through an integration with current applications. A patient’s complete medical record is expected to be available from any UW health clinical location. The OnBase integration is designed so that UW health clinicians have access to the information stored natively in other applications and documentation that typically resides outside of an EMR. Those documents will be presented through the OnBase interface with current applications.
UW health may use the document management solution also in the business office, which includes accounts payable, accounts receivable, human resources and legal.
“By providing instant, secure access to the entire patient record from a single interface, this solution is designed to allow caregivers to work more efficiently and more confidently, knowing they have the information they require just a click away,” explained Tim Tegeder, Director of Healthcare Solutions at Hyland Software. “We are excited to have UW health join our member community of nearly 700 healthcare customers.
About UW Health
UW health is an academic medical center in Madison, Wisconsin. It includes University of Wisconsin Hospital and Clinics and a broad network of clinics.
About Hyland Software Healthcare Solutions
Hyland Software Inc. is the developer of OnBase, a rapidly deployable suite of enterprise content management (ECM) software applications. OnBase is a modular suite of ECM applications that includes document imaging, workflow, electronic document management, COLD/ERM and records management. OnBase Healthcare Solutions enable organizations to run more efficiently by managing content and streamlining workflows across the enterprise with point solutions for revenue cycle management, medical records and back office operations. For more information about OnBase, an AHA endorsed solution, please contact an Authorized OnBase Solution Provider or visit .
Contact:
Lindsay McCune
Public Relations Manager
Hyland Software Inc.
(440) 788-6029

Hyland Software Inc.

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SXC Health Solutions announces Mark Thierer to be named President & CEO

July 3rd, 2008 by admin

LISLE, IL, June 16 /PRNewswire-FirstCall/ — SXC health Solutions Corp. (”SXC” or the “Company”) , a leading provider of pharmacy benefits management services, announces that effective June 30, 2008, Gordon S. Glenn, age 60, Chairman and Chief Executive Officer (CEO) will retire from the position of CEO, and Mark Thierer, age 48, previously President and Chief Operating Officer, will be appointed President and CEO. Both will continue to serve as members of the Board of Directors, with Mr. Glenn remaining Chairman of the Board until December 31, 2008.
“Our succession plan was put into effect in mid-2006 when we hired Mark, and this is an ideal time to pass the CEO responsibilities to him,” said Gordon S. Glenn, SXC’s Chairman of the Board. “I’m confident that Mark’s industry knowledge and leadership capabilities, coupled with his energy and enthusiasm, will ensure that SXC will continue to grow successfully. With the integration of NMHC progressing according to plan, a growing pipeline in multiple markets and the most flexible and extensive product suite in the pharmacy benefits industry, the Company has never been on stronger footing. I have thoroughly enjoyed my time at SXC and I’m proud of the growth and value that our team has created with the company having achieved a ten-fold increase in enterprise value since being named CEO.”
“On behalf of management and the Board of Directors, I would like to thank Gordon for his leadership and guidance during the past ten years,” said Mark Thierer, President and CEO at SXC. “These are exciting times for SXC. The acquisition of NMHC completes our strategic footprint and positions us as a new and unique competitor in the PBM space. We are emerging as the industry’s leading technology-enabled PBM, providing our customers a new level of control, flexibility, and cost management. We have added significant depth and expertise to our leadership team in the past year, and we have the right foundation in place to drive continued growth and success in the marketplace.”
In its second quarter financial results, SXC will incur a one-time pre-tax charge of approximately $1.7 million related to the departure of Mr. Glenn.
About SXC health Solutions Corp.
SXC health Solutions Corp. is a leading provider of pharmacy benefits management (PBM) services and health Care Information Technology (HCIT) solutions to the healthcare benefits management industry. The Company’s product offerings and PBM 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 Federal, provincial, and, state and local governments, pharmacy benefit managers, managed care organizations, retail pharmacy chains and other healthcare intermediaries. SXC is headquartered in Lisle, Illinois with 13 locations in the US and Canada. For more information please visit .
SXC health Solutions Inc.

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Therap Services Announces Release 7.3 for the Developmental Disability Community

July 1st, 2008 by admin

WATERBURY, Conn., June 15 /PRNewswire/ — Therap Services announces the release of version 7.3 of its integrated suite of documentation, communication and reporting applications. The system is now up and running with its latest features and enhancements.
Major updates in version 7.3 include:

ISP Plan
— A new ISP Plan module has been introduced for New York providers. It
can also be used by providers in other states with the appropriate ISP
Plan roles.
— The ISP Plan module can be used to document information such as
‘Person’s Valued Outcomes’, ‘Natural Supports and Community Resources’,
‘Medicaid State Plan Services’, and ‘HCB Waiver Service Summary’ among
other information.
— It automatically shows the individual’s contacts and shared contacts
from the approved IDF module as well as all approved IPOPs of the
individual.
— External files can be attached, and review comments can also be added
after the form has been approved.

General Event Reports (GER)
— The GER module now supports the following APD forms for Florida: Agency
for persons with disabilities - Incident Reporting Form and Agency for
persons with disabilities - Follow-Up Measures Taken.
— Multiple files can now be attached to GERs by users with GER Submit,
Review, and Approve roles. Users can see information such as the file
description, date of attachment and the name of the person who attached
the file. The total size for all attachments can be maximum 10 MB. When
files are removed it is recorded in the Activity Tracking module for
Provider Administrators.
— The GER PDF form now shows the Individual Name, Medicaid Number, Date
of Birth or the Social Security Number at the top of the PDF form, when
set by the Provider Administrator.

health Tracking
— The latest addition to the health Tracking module is the Review
section. This section contains a list of all the health Tracking forms
that have been recently added or updated in the last 7 days. You will
no longer need to search for health Tracking forms to track what
changes have been made. All the recent changes to the health Tracking
forms can be accessed from the Review section. The forms will be
removed from this list as soon as it has been reviewed by a user. Any
user with the HT Review role will get access to this section.
— The health Tracking forms will now have a Reviewer List link that will
show a list of users who have reviewed the form.
— You can now attach multiple files to Appointments and Lab Test Result
forms. The total size of all attachments for both the forms can be
maximum 10 MB. When files are removed it is recorded in the Activity
Tracking module for Provider Administrators.

Individual Data Form / Emergency Data Form (IDF/EDF)
— Shared Contact is no longer a required field, and IDFs can now be saved
without having a shared contact.
— Users will now get the option to add comments for each contact.
— Medicare Section is no more required when Medicare Number is specified.
— Individual Plan of Protective Oversight and Safeguards (IPOP)
— Users with the IDF Update role are now able to Update or Discontinue
approved IPOPs only. They can no longer create new forms or view draft
forms.

Management Summaries
— When generating the Event Summaries report, you can now select more
than 10 columns if needed. In doing so, you will get a confirmation
message that your request has been received and within the next 24
hours you will get the report via SComm. The SComm message will contain
a link to the report, clicking on which will open the report in Excel.
The report will be available for 2 weeks from the day it was requested.

A complete list of enhancements for version 7.3 can be found at
About Therap
Therap Services provides secure, cost-effective information, documentation and communications services tailored to the specific needs of service providers, health professionals, regulators, and family members to improve the quality of life for people with developmental disabilities. Therap’s complete suite of applications includes health Tracking, Individual and Emergency Data Forms, Individual Service Plans, Behavior Plans and Tracking, T-Logs, T-Notes, Incident Reports, Management Summaries, Witness Reports, Supported Employment Tracking, Calendar, Secure Communications, Staff Scheduling, Training Management System, Attendance and Electronic Billing. For further information, please visit .
Therap Services

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