Entries Tagged as 'Computer Software'

The University of Toledo selects SXC Health Solutions (informedRx) to provide pharmacy benefit management services

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LISLE, IL, June 30 /PRNewswire-FirstCall/ — SXC health Solutions Corp. (”SXC” or the “Company”) , a leading provider of technology and pharmacy benefits management services, announces a five and a half year contract for its informedRx(R) pharmacy benefit management (”PBM”) services with The University of Toledo (”UT”).
SXC will begin providing its services for more than 6,000 members of UT’s employee prescription benefit program on July 1, 2008 and will expand its coverage to more than 13,000 covered lives on January 1, 2009.
“This is an important step forward for SXC, as it expands our presence into the self-insured employer market and provides us with an opportunity to showcase our full-service transparent PBM services with a University that includes an academic medical center,” said Mark Thierer, President and Chief Executive Officer at SXC. “The collaboration of UT and SXC reinforces our ability to compete with the industry’s largest PBMs and demonstrates our ability to reach a broad number of healthcare organizations with our flexible suite of technology and services.”
UT will use informedRx(R) to adjudicate prescription drug claims, manage reimbursement of retail pharmacy network contracts, analyze drug utilization, manage rebate contracts with pharmaceutical manufacturers, and handle member and pharmacy help desk calls. UT will also utilize SXC’s adjudication platform to price and dispense “own use” class of trade products from UT owned pharmacies.
“This collaboration will give us creative options to serve the various prescription drug benefit needs of our employees,” said Laura Miller, Senior Director of Benefits at UT. “For example, the additional purchasing power of a larger operation combined with personalized University-quality care will enable our employees and their families to spend less money and less time buying the pharmaceuticals they need.”
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 University of Toledo
Located in Toledo, Ohio, The University of Toledo, a student-centered, public metropolitan research university with 20,000 students and picturesque campuses is recognized nationally for their beauty and is one of 13 state universities in Ohio. Established in 1872 and a member of the state university system since 1967, The University of Toledo and the Medical University of Ohio have merged to form the third-largest public university operating budget in the state.
The University of Toledo is recognized as a leader nationally for several programs and offers more than 250 undergraduate, graduate and professional programs. For more information, please visit
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.

SXC Health Solutions announces details of 2007 Annual Meeting of Shareholders

LISLE, IL, May 5 /PRNewswire-FirstCall/ — SXC health Solutions, Corp. , a leading provider of pharmacy benefits management services and healthcare IT solutions, announced today that its 2007 Annual Meeting of Shareholders will be held on Monday, May 12, 2008 at 4:30 p.m. ET at the Marriott Downtown, 540 North Michigan Avenue, Chicago, Illinois.
The presentation will be webcast live. To access the webcast go to: or .
Please connect at least 15 minutes prior to the start of the webcast to ensure adequate time for any software download that may be required. An archived replay will be available for 365 days.
About SXC health Solutions
SXC health Solutions, Corp. (SXC) provides pharmacy benefits management (PBM) services and healthcare IT 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.

InfoLogix Acquires Delta Health Systems; Adds Strategic Cost Management Consulting Services at the Executive Level

HATBORO, Pa., May 5 /PRNewswire-FirstCall/ — InfoLogix, Inc. , a leading technology provider of enterprise mobility solutions for the healthcare and commercial industries, announced today that it has acquired substantially all the assets of Delta health Systems, Inc. a company specializing in providing strategic cost management consulting services to hospitals across North America. The assets acquired include Delta’s proprietary On-Demand Executive Information System (EIS) for strategic cost management and productivity within hospitals.
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Delta has saved millions of dollars and improved service levels for healthcare organizations over the past 30 years through its strategic cost management consulting services and web-based analytics software. Delta’s consultants have an average of more than 25 years of clinical experience and many hold multiple healthcare and management degrees.
Demand for healthcare consulting and systems integration continues to witness tremendous growth with the total healthcare consulting marketplace being projected to exceed $30 billion by 2010 according to analyst estimates.
“The addition of Delta enables InfoLogix to further partner alongside the healthcare executive suite. Delta has strong relationships with healthcare CEOs and CFOs, which complements InfoLogix’s relationships with healthcare CIOs and technology executives,” says David Gulian, President and CEO of InfoLogix. “The majority of Delta engagements involve resource management recommendations that our InfoLogix Healthcare Informatics Associates consulting team can readily execute and deliver. Together with our core healthcare mobility expertise, this acquisition allows us to better provide holistic solutions across the healthcare organization.”
“With Delta’s expertise in pinpointing resource management opportunities, and the InfoLogix Healthcare Informatics Associates team’s in-depth knowledge of clinical systems and workflow, we look forward to enabling hospitals to put Delta’s powerful recommendations into action and achieving the greatest degree of savings possible from these programs,” says Gerry Bartley, Executive Vice President and Managing Director of Healthcare Consulting at InfoLogix.
“We are excited to be joining the InfoLogix team, as we believe that Delta’s services are highly complementary to the services that InfoLogix provides,” says Michael D. Talerico, principal of Delta health Systems. “Research shows that as little as 40% of nursing time is spent on providing patient care, and over the course of 300 engagements, we have proven that implementing a Delta strategic cost management program vastly improves this percentage. Together with the systems consulting and mobility services that InfoLogix provides, we look forward to helping hospitals take their Strategic Cost Management programs to the next level-with a powerful, holistic approach to improving resource management and financial performance throughout the organization.”
In addition to Delta’s consulting services, Delta’s proprietary web-based MRS-Web software provides all levels of hospital management with an On-Demand tool for continuous monitoring of cost management performance metrics, including insight on specific operational targets — such as cost and quality — that can directly improve operations and impact bottom-line financial performance.
“We are looking forward to leveraging Delta’s MRS-Web On-Demand Executive Information System asset alongside our other On-Demand software mobility applications, as well as using Delta’s strong expertise in return on investment (ROI) studies to help our customers better quantify and assess the impact of technology solutions across their entire hospital,” says Gulian. “For example, this can provide us with the ability to empower healthcare executives with time and motion studies that quantify the true business impact of RFID asset and people tracking. The addition of Delta brings both immediate and long-term synergies.”
InfoLogix expects the acquisition to be accretive to 2008 earnings.

About InfoLogix, Inc.

InfoLogix is a leading provider of technology and RFID based intelligence solutions that enable the mobile enterprise. InfoLogix uses the industry’s most advanced technologies to increase the efficiency, accuracy, and transparency of complex business and clinical processes for the healthcare industry and the commercial marketplace. With 19 issued patents, InfoLogix provides mobile managed solutions, on-demand software applications, mobile infrastructure products, and strategic consulting services to over 2,000 clients in North America including Kraft Foods, Merck and Company, General Electric, Kaiser Permanente, MultiCare health System and Stanford School of Medicine. InfoLogix is a publicly-traded company . For more information, visit
About Delta health Systems, Inc.
Delta health Systems is a specialty consulting firm whose sole focus is strategic cost management. For over 30 years, Delta has implemented hundreds of programs that have significantly improved the financial well-being and service levels of community hospitals, healthcare systems, and academic medical centers. Clients include Baylor health Care System, OhioHealth, Wellmont health System, North Mississippi health Services, and Valley Baptist health System. For more information, visit .
Safe Harbor
InfoLogix makes forward-looking statements in this press release that represent our expectations or beliefs about future events and financial performance. Forward-looking statements are identifiable by words such as “believe,”"anticipate,”"expect,”"intend,”"plan,”"will,”"may” and other similar expressions. In addition, any statements that refer to expectations, projections or other characterizations of future events or circumstances are forward-looking statements. Forward-looking statements are subject to known and unknown risks and uncertainties, including the risks described in our Annual Report on Form 10-K for the period ended December 31, 2007 and other filings we make with the Securities and Exchange Commission. In addition, actual results could differ materially from those suggested by the forward- looking statements, and therefore you should not place undue reliance on the forward-looking statements. We do not make any commitment to revise or update any forward-looking statements to reflect events or circumstances occurring or existing after the date any forward-looking statement is made.

InfoLogix, Inc.

SXC Health Solutions to Host Fiscal 2008 First Quarter Financial Results Conference Call

LISLE, IL, April 24 /PRNewswire-FirstCall/ — SXC health Solutions, Corp. announces that it will host a conference call on Thursday, May 8, 2008 at 8:30 a.m. ET to discuss the Company’s fiscal 2008 first quarter financial results. A press release announcing the quarterly results will be issued at 7:00 a.m. ET that same day.
All interested parties can join the call by dialing 416-644-3427 or 1-800-814-4941. Please dial in 15 minutes prior to the call to secure a line. The conference call will be archived for replay until Thursday, May 15, 2008 at midnight. To access the archived conference call, please dial 416-640-1917 or 1-877-289-8525 and enter the reservation code 21270165 followed by the number sign.
A live audio webcast of the conference call will be available and . Please connect at least 15 minutes prior to the conference call to ensure adequate time for any software download that may be required to join the webcast. An archived replay of the webcast will be available for 365 days.
About SXC health Solutions
SXC health Solutions, Corp. (SXC) is a leading provider of pharmacy benefits management (PBM) services and healthcare IT 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 based in Lisle, Illinois with locations in; Scottsdale, Arizona; Warminster, Pennsylvania; Alpharetta, Georgia; Milton, Ontario and Victoria, British Columbia. For more information please visit .
SXC health Solutions, Inc.

SXC Health Solutions announces completion of exchange offer for NMHC

LISLE, IL, April 29 /PRNewswire-FirstCall/ — SXC health Solutions, Corp. (”SXC” or the “Company”) , today announced that its indirect, wholly-owned subsidiary has accepted for payment and exchange all shares validly tendered pursuant to its exchange offer for all outstanding shares of common stock of National Medical health Card Systems, Inc. at a per share price of $7.70 in cash, without interest, and 0.217 of a common share of SXC.
As of the expiration of the exchange offer, based on information provided by the Exchange Agent and Depositary for the exchange offer, a total of approximately 11,729,145 shares of NMHC common stock were tendered and not withdrawn, representing approximately 90.15% of NMHC’s outstanding shares.
“We are very pleased with the outcome of the exchange offer process,” said Gordon S. Glenn, Chairman and CEO of SXC. “By receiving more than 90% approval from NMHC’s shareholders, we can advance closing of the transaction on a fast-track basis. We now expect to close the merger in a day or two.”
As SXC, through its indirect, wholly-owned subsidiary, now owns more than 90% of the outstanding shares of NMHC common stock, it expects to merge its subsidiary with and into NMHC pursuant to a short-form merger as a result of which NMHC will become an indirect, wholly-owned subsidiary of SXC and each share of common stock of NMHC outstanding immediately prior to the short-form merger (other than shares of NMHC common stock held in NMHC’s treasury or owned by NMHC, SXC or any of its subsidiaries and shares for which dissenter’s rights have been perfected) will be converted into the right to receive $7.70 in cash, without interest, and 0.217 of a common share of SXC. No further action is required by the remaining stockholders of NMHC to effect the merger.
About SXC health Solutions
SXC health Solutions, Corp. (SXC) is a leading provider of pharmacy benefits management (PBM) services and healthcare IT 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 based in Lisle, Illinois with locations in: Scottsdale, Arizona; Warminster, Pennsylvania; Alpharetta, Georgia; Milton, Ontario and Victoria, British Columbia. For more information please visit .
Additional Information
A registration statement (the “Registration Statement”) relating to the SXC common shares being offered in the exchange offer and the subsequent merger has been filed with the SEC and declared effective. NMHC STOCKHOLDERS ARE URGED TO CAREFULLY READ THESE DOCUMENTS AND THE OTHER DOCUMENTS RELATING TO THE EXCHANGE OFFER AND SUBSEQUENT BECAUSE THESE DOCUMENTS CONTAIN IMPORTANT INFORMATION RELATING TO THE EXCHANGE OFFER AND SUBSEQUENT MERGER. You may obtain a free copy of these documents, and other annual, quarterly and special reports, proxy statements and other information filed with the SEC by SXC or NMHC, at the SEC’s website at . Investors and security holders may also read and copy any reports, statements and other information filed by SXC, Comet Merger Corporation or NMHC with the SEC, at the SEC public reference room at 100 F Street, N.E., Washington, D.C. 20549. Please call the SEC at 1-800-SEC-0330 or visit the SEC’s website for further information on its public reference room.
Forward-looking Statements
This communication contains forward-looking statements. Forward-looking statements may be identified by words such as “believes,”"expects,”"anticipates,”"estimates,”"projects,”"intends,”"should,”"seeks,”"future,” continue,” or the negative of such terms, or other comparable terminology. Such statements include, but are not limited to, statements about the expected benefits of the transaction involving SXC and NMHC, including potential synergies and cost savings, future financial and operating results, and the combined company’s plans and objectives. In addition, statements made in this communication about anticipated financial results, future operational improvements and results or regulatory approvals are also forward-looking statements. Such forward-looking statements are subject to risks, uncertainties, assumptions and other factors that are difficult to predict and that could cause actual results to vary materially from those expressed in or indicated by them. Factors that could cause actual results to differ materially include, but are not limited to: (1) the occurrence of any event, change or other circumstances that could give rise to the termination of the merger agreement; (2) the outcome of any legal proceedings that have been or may be instituted against NMHC or SXC and others following announcement of the merger agreement; (3) the inability to complete the merger due to the failure to satisfy the conditions to the merger; (4) risks that the proposed transaction disrupts current plans and operations and potential difficulties in employee retention as a result of the exchange offer or the merger; (5) the ability to recognize the benefits of the merger; (6) legislative, regulatory and economic developments; and (7) other factors described in filings with the SEC. Many of the factors that will determine the outcome of the subject matter of this communication are beyond NMHC’s and SXC’s ability to control or predict. SXC can give no assurance that any of the transactions related to the exchange offer will be completed or that the conditions to the exchange offer and the merger will be satisfied. SXC undertakes no obligation to revise or update any forward-looking statement, or to make any other forward-looking statements, whether as a result of new information, future events or otherwise. SXC is not responsible for updating the information contained in this communication beyond the published date, or for changes made to this communication by wire services or Internet service providers.
SXC health Solutions, Inc.

SXC Health Solutions completes acquisition of NMHC

LISLE, IL, April 30 /PRNewswire-FirstCall/ — SXC health Solutions, Corp. (”SXC” or the “Company”) , a leading provider of pharmacy benefits management services and National Medical health Card Systems, Inc. (”NMHC”) , announce that the previously announced acquisition of NMHC by SXC has been completed. SXC completed the acquisition through an exchange offer and subsequent merger of NMHC with an indirect wholly-owned subsidiary of the Company. With the completion of the merger, NMHC is now part of informedRx, SXC’s Pharmacy Benefit Management services business unit.
“We are extremely pleased to have closed this transaction and to welcome NMHC employees, customers and shareholders into the SXC fold,” said Gordon S. Glenn, Chairman and CEO. “This is an exciting time for SXC as we seek to establish ourselves as The Strategic Solution for Pharmacy Spend Management(TM). The combined company has the unique mix of personnel and assets to achieve that goal: recognized leadership in healthcare IT; broad clinical expertise; formulary management, patient intervention and analytics; operational scale to increase our clout within the supply chain; a modern mail-order facility; and a strong specialty pharmacy offering. We look forward to reporting on the progress of our implementation and the outlook for the Company in the coming months.”
SXC will provide a financial outlook for the combined company along with details on upcoming integration milestones during its fiscal 2008 first quarter conference call at 8:30 a.m. ET on May 8, 2008.
As a result of the merger, outstanding shares of NMHC common stock not tendered in the exchange offer, other than shares held by SXC and by stockholders exercising dissenter’s rights, have been cancelled and converted into the right to receive (i) 0.217 of a common share of SXC and (ii) $7.70 in cash (the “Merger Consideration”). NMHC stockholders who did not tender their shares in the exchange offer will receive instructions explaining how to exchange each of their shares of NMHC common stock for the Merger Consideration.
Effective as of the close of trading on April 30, 2008, shares of NMHC common stock will no longer be traded on the NASDAQ Stock Market.
In connection with the transaction, Houlihan Lokey is acting as financial advisor to SXC, Healthcare Growth Partners as strategic advisor and Sidley Austin LLP is legal counsel. JP Morgan is advising NMHC and Bass, Berry & Sims PLC is legal counsel.
About SXC health Solutions
SXC health Solutions, Corp. (SXC) is a leading provider of pharmacy benefits management (PBM) services and healthcare IT 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.