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Express Scripts and Choicelinx Announce Strategic Alliance; Company Offering Customer-Designed Benefits Technology Joins Forces with Leading Pharmacy Benefit Manager.


Business/Health & Medical Editors

ST. LOUIS & MANCHESTER, N.H.--(BW HealthWire)--March 28, 2001

Express Scripts (NASDAQ NASDAQ
 in full National Association of Securities Dealers Automated Quotations

U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on
: ESRX), one of the nation's largest pharmacy benefit managers (PBMs), and Choicelinx Corporation, a benefits technology and services company specializing in a new generation of customer-designed products, today announced a three-year joint marketing deal.

Under the agreement, the two companies will co-market a combination of Web-based products that will allow employees of participating organizations to design health and pharmacy benefit plans according to according to
prep.
1. As stated or indicated by; on the authority of: according to historians.

2. In keeping with: according to instructions.

3.
 their individual needs.

Using Choicelinx' proprietary configuration technology, self-insured employers and managed-care organizations can offer their employees and customers a fully customizable healthcare benefits solution. Choicelinx' online benefits tool now allows eligible members to select among multiple options to build healthcare and dental care benefit packages matched to their unique personal or family needs. The agreement with Express Scripts will add a complementary online pharmacy This article or section may deal primarily with the U.S. and may not present a worldwide view.  benefit planner to Choicelinx' current offerings. Using this Web-based tool, developed by Express Scripts' eBusiness division, Choicelinx users will be able to select the plan that best suits their needs from several pharmacy benefit options.

The arrangement will also supplement Express Scripts' sales activities, helping to attract new business from clients that recognize the value of being able to offer their members flexibility and choice.

"Choicelinx offers the dual benefit of giving consumers the freedom and power to manage their own health and giving employers a way to manage costs," said Donna K. Lencki, chairman and chief executive officer, Choicelinx Corporation. "Express Scripts is an ideal partner for us, providing a strong healthcare technology background, an experienced sales force, and a strong, choice-oriented pharmacy benefit tool."

"Express Scripts' online pharmacy benefit planner recognizes and accommodates the growing desire for choice among healthcare consumers," said Agnes Rey-Giraud, vice president and general manager, Express Scripts eBusiness division. "In addition, more employers are considering a move toward consumer-driven benefit plans as they seek to limit their exposure to rising costs. As a result, more employees will need easy-to-use tools to help them make informed coverage decisions. Our arrangement with Choicelinx allows our customers the flexibility to consider consumer-driven benefit plans and other creative solutions to help them counter current healthcare cost trends."

Rey-Giraud noted that the agreement with Choicelinx is one of a number of strategic alliances Express Scripts' is pursuing to further empower consumers.

Both Express Scripts and Choicelinx see the integration of their respective capabilities as yielding a synergy that will provide members with the most advanced healthcare benefits solution available -- one that is comprehensive, completely customizable and user-friendly. In addition, the arrangement will enable each company to leverage the power of the other's sales and distribution mechanisms.

About Choicelinx Corporation

Choicelinx Corporation is a benefits technology and services company specializing in a new generation of customer-designed benefits products for self-insured employers, traditional insurers, MCOs and financial services The examples and perspective in this article or section may not represent a worldwide view of the subject.
Please [ improve this article] or discuss the issue on the talk page.
 companies. Through its proprietary, Internet-based benefits customization technology, Choicelinx members can build unique healthcare benefits packages, customized to their individual needs. Choicelinx has combined state-of-the-art technology and medical management services with an experienced customer service team and expansive online management tools, including claims tracking, physician selectors, online service capabilities, as well as comprehensive health and wellness information. To learn more about how to offer the Choicelinx solution in your workplace, visit the company on the Web at www.choicelinx.com.

About Express Scripts, Inc.

Express Scripts (Nasdaq: ESRX), a Fortune 500 and Forbes Platinum 400 company, is one of the nation's leading pharmacy benefit managers, providing pharmacy services and pharmacy benefit plan-design consultation for more than 10,000 clients and covering 43.5 million lives. The company's core services The introduction to this article provides insufficient context for those unfamiliar with the subject matter.
Please help [ improve the introduction] to meet Wikipedia's layout standards. You can discuss the issue on the talk page.
 include pharmacy network management, mail and Internet pharmacies internet pharmacy Online A website that offers prescription drugs from the comfort of home Cons The IP or prescribing physician may not be qualified or licensed to prescribe drugs in all states. See Operation Cure-All, VIPPS. , formulary formulary /for·mu·lary/ (for´mu-lar?e) a collection of recipes, formulas, and prescriptions.

National Formulary  see under N.


for·mu·lar·y
n.
 management, targeted clinical programs, integrated drug and medical data analysis, market research programs, medical information management, workers' compensation workers' compensation, payment by employers for some part of the cost of injuries, or in some cases of occupational diseases, received by employees in the course of their work.  programs and informed-decision counseling. More can be learned at the company's Web site, www.express-scripts.com.

SAFE HARBOR Safe Harbor

1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated.

2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive.
 STATEMENT

This press release contains forward-looking statements forward-looking statement

A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections.
, including, but not limited to, statements related to the company's plans, objectives, expectations (financial and otherwise) or intentions. Actual results may differ significantly from those projected or suggested in any forward-looking statements. Factors that may impact these forward-looking statements include but are not limited to: (i) risks associated with our ability to maintain internal growth rates Growth Rates

The compounded annualized rate of growth of a company's revenues, earnings, dividends, or other figures.

Notes:
Remember, historically high growth rates don't always mean a high rate of growth looking into the future.
, or to control operating or capital costs; (ii) continued pressure on margins resulting from client demands for enhanced service Enhanced service is service offered over commercial carrier transmission facilities used in interstate communications, that employs computer processing applications that act on the format, content, code, protocol, or similar aspects of the subscriber's transmitted information;  offerings and higher service levels; (iii) competition, including price competition, and our ability to consummate To carry into completion; to fulfill; to accomplish.

A Common-Law Marriage is consummated when the parties live in a manner intended to bring about public recognition of their relationship as Husband and Wife.
 contract negotiations with prospective clients; (iv) adverse results in regulatory matters, the adoption of new legislation or regulations (including increased costs associated with compliance with new laws New Laws: see Las Casas, Bartolomé de.  and regulations, such as privacy regulations under the Health Insurance Portability and Accountability Act The Health Insurance Portability and Accountability Act (HIPAA) was enacted by the U.S. Congress in 1996.

According to the Centers for Medicare and Medicaid Services (CMS) website, Title I of HIPAA protects health insurance coverage for workers and their families when
 (HIPAA (Health Insurance Portability & Accountability Act of 1996, Public Law 104-191) Also known as the "Kennedy-Kassebaum Act," this U.S. law protects employees' health insurance coverage when they change or lose their jobs (Title I) and provides standards for patient health, )), more aggressive enforcement of existing legislation or regulations, or a change in the interpretation of existing legislation or regulations; (v) the possible termination of contracts with key clients or providers; (vi) the possible loss of relationships with pharmaceutical manufacturers, or changes in pricing, discount or other practices of pharmaceutical manufacturers; (vii) adverse results in litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute.

When a person begins a civil lawsuit, the person enters into a process called litigation.
; (viii) risks associated with our leverage and debt service obligations; (ix) risks associated with our ability to continue to develop new products, services and delivery channels; (x) developments in the health care industry, including the impact of increases in health care costs, changes in drug utilization and cost patterns and introductions of new drugs; (xi) competition from new competitors offering services that may in whole or in part replace services that the company now provides to its customers; and (xii) other risks described from time to time in our filings with the SEC. The company does not undertake any obligation to release publicly any revisions to such forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.
COPYRIGHT 2001 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2001, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Mar 28, 2001
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