Systems Xcellence Inc -
Systems Xcellence to upgrade Blue Cross' network gateway
Systems Xcellence Inc SXC
Shares issued 22,981,873 1999-11-02 close $1.7
Wednesday Nov 3 1999
Mr. Gordon Glenn reports
Systems Xcellence Inc. has signed a contract with Blue Cross and Blue Shield of Texas (BCBS TX) to upgrade its existing software. In 1996 Systems Xcellence provided BCBS TX with a network gateway connecting it to various health care providers (such as physicians, clinics, hospitals and laboratories) in order to submit claims and process eligibility verification requests. Under the terms of the agreement, Systems Xcellence (SX) will upgrade its current gateway software, an advanced data communications middleware product, as well as the SX Health ConneXions software, which BCBS TX have named internally rEDI-Link Blue. As a result of these enhancements, BCBS TX will be in a position to increase processing volumes, subsequently increasing productivity and future capacity for growth.
In the early part of fiscal year 2000, Health Care Service Corporation of Illinois contracted SX to provide both software and associated services to facilitate the migration of their existing software to an improved operating system and hardware platform. More recently, SX partnered with Blue Cross and Blue Shield of South Carolina to provide a network gateway software solution. The signing of the most recent Blue Cross and Blue Shield of Texas contract constitutes the third sale to a Blue Cross and Blue Shield organization this fiscal year, with a combined contract value of $5-million (Canadian).
"It is a pleasure for us to be able to continue our strong working relationship with Blue Cross and Blue Shield of Texas," states Gordon Glenn, president and chief executive officer. "We were pleased to be able to provide them with their network gateway, and being contracted to facilitate their upgrade further demonstrates the confidence that the Blue Cross and Blue Shield organizations have in SX's products and services." |
