Horizon Blue Cross Blue Shield Of New Jersey Expands Prime Therapeutics’ Pharmacy Benefit Management Services To Medicare Beneficiaries
October 8, 2013
NEWARK – Beginning January 1, 2014, Horizon Blue Cross Blue Shield of New Jersey‘s Medicare beneficiaries will receive pharmacy services through Prime Therapeutics LLC (Prime). Prime began providing pharmacy benefit management services to commercial members on July 1, 2013. The two companies said that expanding their relationship will help drive additional savings in pharmacy costs and improve services and programs to Horizon BCBSNJ’s Medicare members.
“Horizon is committed to providing its members with efficient, quality services and the expansion of our contract with Prime will bring the same competitive prescription drug prices, top quality services, and focus on better health outcomes to our Medicare members,” said Margaret M. Johnson, Vice President and Chief Pharmacy Officer, Horizon BCBSNJ.
Prime Therapeutics is a privately held pharmacy benefits manager (PBM) that is currently owned by 13 Blue Cross and Blue Shield Plans. It serves nearly 23 million members across the United States. The company provides a full range of pharmacy benefit management services for participating plans.
Horizon BCBSNJ’s collaboration with Prime covers a range of pharmacy benefit services for Medicare beneficiaries including: mail-service pharmacy and specialty pharmacy, claims processing, benefit plan design, network management, clinical program consultation, rebate management, and formulary administration.
“The expansion of our relationship shows that Prime and its health plan clients have a winning combination in our unique pharmacy benefit management business model,” said Eric Elliott, president and CEO of Prime Therapeutics. “We are pleased Horizon BCBSNJ is putting its trust in Prime to make it easier for the seniors it serves to obtain affordable medicines.”
About Horizon Blue Cross Blue Shield of New Jersey
Horizon Blue Cross Blue Shield of New Jersey, the state’s oldest and largest health insurer, is a tax-paying, not-for-profit health services corporation, providing a wide array of medical, dental, and prescription insurance products and services. Horizon BCBSNJ is an independent licensee of the Blue Cross and Blue Shield Association, serving 3.7 million members with headquarters in Newark and offices in Wall, Mt. Laurel, and West Trenton. Learn more at www.HorizonBlue.com.
About Prime Therapeutics
Prime Therapeutics LLC (Prime) helps people get the medicine they need to feel better and live well. Prime manages pharmacy benefits for health plans, employers, and government programs including Medicare and Medicaid. The company processes claims and delivers medicine to members, offering clinical services for people with complex medical conditions. Headquartered in St. Paul, Minn., Prime serves nearly 23 million people. It is collectively owned by 13 Blue Cross and Blue Shield Plans, subsidiaries or affiliates of those plans. Prime has been recognized as one of the fastest-growing private companies in the nation. For more information, visit www.primetherapeutics.com or follow @Prime_PBM on Twitter.
The Blue Cross and Blue Shield Association is a national federation of 36 independent, community-based and locally-operated Blue Cross and Blue Shield companies that collectively provide healthcare coverage for more than 106 million members – one-in-three Americans. For more information on the Blue Cross and Blue Shield Association and its member companies, please visit bcbs.com. We encourage you to connect with us on Facebook, check out our videos on YouTube, follow us on Twitter and check out The BCBS Blog, for up-to-date information about BCBSA.