Toronto Stock
Exchange Symbol: SXC
SYSTEMS XCELLENCE ANNOUNCES US $1.2
MILLION
RxEXPRESS®
FOR WINDOWS®
CONTRACT
MILTON, Ontario September 21, 2004, Systems Xcellence
Inc., ("SXC") (TSX: SXC) a leading provider of healthcare information
technology solutions throughout the pharmaceutical supply chain, today
announced a US$1.2 million agreement through its U.S. subsidiary, SXC Health
Solutions, Inc., with a national mail-order pharmacy based in the U.S. Under
the terms of the agreement, the mail-order pharmacy licensed SXC's RxEXPRESS®
for Windows® pharmacy management system ("RxEXPRESS") to manage its
mail-order pharmacy needs. In exchange for this, SXC will receive license,
consulting, maintenance and upgrade fees based on usage volumes.
Implementation of the system is expected to be completed by the end of
calendar 2004. All amounts are in U.S. dollars.
As the most rapidly growing segment of the pharmacy market, mail-order
fulfillment represented approximately 17% of outpatient prescription drug
sales in the U.S. for the twelve-month period ended September 30, 2003,
according to IMS Health data, up almost 67% from the prior comparable
period. Mail-order is gaining in popularity as it offers health plans and
their members a number of key benefits such as: potential for a higher rate
of medication compliance; lower health plan costs through the optimal
utilization of generic and preferred brand drugs; lower health plan member
co-pay fees; and the convenience of refilling prescriptions on-line or by
phone.
"Expanding our presence in the growing mail-order pharmacy segment is a
priority for SXC, as we further develop our suite of pharmacy management
system offerings to target retail, mail-order, clinics and small-and-large
chain pharmacies," said Gordon S. Glenn, President & CEO of SXC. "Our
RxEXPRESS offering is well-suited to help pharmacies cost-effectively manage
their increased workload related to the rising volume of prescription drug
claims, and we continue to make the necessary investment to address the
market demand for state-of-the-art systems offering robust functionality."
RxEXPRESS is a highly versatile pharmacy management system designed for
retail, mail-order, managed care, and central fill pharmacy operations.
RxEXPRESS supports flexible pricing formulas, performs drug utilization
reviews, optimizes generic substitution, and can be integrated with other
pharmacy and patient management systems for full enterprise wide control.
Extensive standard and customized reporting capabilities are designed to
meet government-mandated guidelines as well as customized business
management requirements.
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 and operates in the U.S. under its wholly-owned subsidiary,
SXC Health Solutions, Inc. 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.
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.
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