Wednesday, SXC Health Solutions Corp. (SXCI, SXC.TO) said its informedRx PBM unit received a four-year contract to provide PBM services to Spectral Solutions LLC, a Pharmacy Benefit Administrator that manages an annual drug spend of more than $50 million. Under the terms of the agreement, services commence January 1, 2010 with Spectral utilizing the full suite of informedRx PBM services, including specialty therapy management.
SXC Health Solutions Corp. provides pharmacy benefit management services and healthcare information technology solutions in North America. The company provides informedRx, a suite of PBM services and RxCLAIM, an online transaction processing system to provide online adjudication of third-party prescription drug claims at the point of service, such as claims management and review, as well as payment and billing support.
For comments and feedback: editorial@rttnews.com