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SOURCE Prime Therapeutics; Horizon Healthcare Services, Inc.
NEWARK, N.J. and ST. PAUL, Minn., Oct. 8, 2013 /PRNewswire/ -- Beginning January 1, 2014, Horizon Healthcare Services, Inc. (Horizon) Medicare beneficiaries will receive pharmacy services through Prime Therapeutics LLC (Prime). Prime began providing pharmacy benefit management services to the plan's commercial members 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'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 Healthcare Services, Inc.
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 U.S. The company provides a full range of pharmacy benefit management services for participating plans.
Horizon's collaboration with Prime covers a range of pharmacy benefit services for Medicare beneficiaries including: mail-service pharmacy, retail, 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 is putting its trust in Prime to make it easier for the seniors it serves to obtain affordable medicines."
About Horizon Healthcare Services, Inc.:
Horizon Healthcare Services, Inc., 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 serves 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.
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