Advertisement
Prime will provide pharmacy benefit services to more than 175,000 BCBSMTmembers enrolled in health plans that include prescription drug coverage. Thethree-year contract covers a range of pharmacy benefit services including:claims processing, clinical programs, formulary administration, manufacturercontracting, member services, pharmacy network management, prescription mailservice and specialty services. In addition, Prime will continue to provideMedicare Part D administration for BCBSMT, a service it has been providing forthe health plan since 2006.
Advertisement
Key factors influencing the selection of Prime included the Blues-ownedPBM's ability to provide supreme attention to member services and itsintegrated medical and pharmacy capabilities as well as itsindustry-unsurpassed customer satisfaction ratings. "Prime's reputation forstrong customer service and pharmacy expertise were important factors in ourdecision," said Blue Cross and Blue Shield of Montana President and ChiefExecutive Officer Sherry Cladouhos. "As a Blues-owned PBM, we are relying onPrime to deliver the service-oriented, reliable programs Blue Cross and BlueShield of Montana strives to offer in all our services."
"Prime welcomes Blue Cross and Blue Shield of Montana's business. Ouroperational scalability and innovative pharmacy approach positions us toefficiently add Blue Cross and Blue Shield of Montana to our growing family ofBlues clients," said Tim Dickman, Prime's President and Chief ExecutiveOfficer. "The value of an integrated, in-house pharmacy continues to providethe aligned, full service solution that our Blues partners are seeking."
Prime Therapeutics is a pharmacy benefit management company dedicated toproviding innovative, clinically based, cost-effective pharmacy solutions forclients and members. Providing pharmacy benefit services nationwide toapproximately 14.6 million covered lives, its client base includes Blue Crossand Blue Shield Plans, employer and union groups, and third partyadministrators. Headquartered in St. Paul, Minnesota, Prime Therapeutics iscollectively owned by 10 Blue Cross and Blue Shield Plans, subsidiaries oraffiliates of those Plans. Learn more at http://www.primetherapeutics.com.
Blue Cross Blue and Shield of Montana, an independent licensee of the BlueCross and Blue Shield Association, is Montana's leading not-for-profit healthservices corporation. Headquartered in Helena, MT, it has conducted businessfor more than 65 years exclusively in Montana. It serves more than 240,000members across the state and another 70,000 nationwide through BlueCard. Moreinformation is available at http://www.bcbsmt.com.
SOURCE Prime Therapeutics LLC
