Pharmacy Benefit Manager Prime Therapeutics Partners with Horizon Healthcare Services, Inc.

New Jersey health plan becomes full-service client April 1, 2013

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Jun 14, 2012, 01:16 ET

ST. PAUL, Minn., June 14, 2012 /PRNewswire/ -- Prime Therapeutics LLC (Prime) announced today that it has been chosen by Horizon Healthcare Services, Inc., New Jersey's oldest and largest health insurance company serving 3.6 million members, to provide pharmacy benefit management (PBM) services to its non-Medicare customers beginning April 1, 2013. CVS Caremark currently provides PBM services for Horizon Healthcare Services, Inc.

Prime Therapeutics, owned by 13 Blue Cross Blue Shield Plans, serves 20 million customers across the U.S. and has a long history of providing a full range of pharmacy benefit management services for its participating plans.

Following an extensive proposal process, Horizon Healthcare Services, Inc. selected Prime due to the company's superior quality outcomes for patients, flexibility regarding products and services, and the ability to provide the lowest net-cost. Through the proposal process, Prime demonstrated that it shared Horizon's commitment to providing excellent service to its customers.

"Horizon is committed to delivering to our members the most competitive prescription drug prices, top quality services and flexibility in drug formulary options," said Margaret M. Johnson, Vice President and Chief Pharmacy Officer, Horizon Healthcare Services, Inc. "Prime has a strong track record of providing integrated medical and pharmacy programs that focus on overall health and wellness. Prime shares our commitment to providing an excellent customer experience and we believe the economies they can deliver will help contain prescription costs," she said.

"Prime welcomes Horizon's business. Our practical, customer-focused approach continues to resonate with like-minded health plans seeking a new solution for providing customers with easy access to affordable medicines in today's health care environment," said President and Chief Executive Officer Eric Elliott. "The establishment of this relationship provides further proof of the value of an integrated approach in providing the highest quality of care and better outcomes for customers."

Prime Therapeutics is a pharmacy benefit management company dedicated to providing innovative, clinically-based, cost-effective pharmacy solutions for clients and members. Providing pharmacy benefit services nationwide to 20 million covered lives, its client base includes Blue Cross and Blue Shield Plans, employer and union groups, and third-party administrators. Headquartered in St. Paul, Minnesota, Prime Therapeutics is collectively owned by 13 Blue Cross and Blue Shield Plans, subsidiaries or affiliates of those Plans. Learn more at www.primetherapeutics.com.

Horizon Healthcare Services, Inc., New Jersey'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 Healthcare Services, Inc serves 3.6 million members with headquarters in Newark and offices in Wall, Mt. Laurel, and West Trenton. Learn more at www.HorizonBlue.com

SOURCE Prime Therapeutics LLC