March 22, 2016
Prime Therapeutics chosen as BCBSRI’s new pharmacy benefits manager beginning in 2017
Blue Cross & Blue Shield of Rhode Island (BCBSRI) has chosen Prime Therapeutics (Prime) to provide pharmacy benefit management services beginning on January 1, 2017.
Pharmacy costs continue to be a primary driver of rising healthcare costs, and addressing both was a major contributing factor in our search for a new PBM. Prime focuses on pharmacy management solutions for many Blue Plans across the country. Our new partnership with them will give us greater control over managing pharmacy trend for our members.
Prime is owned by 13 Blue Plans and is the fourth-largest PBM in the country. They have a proven 25-year track record of integrating pharmacy and medical benefits management. Because of their unique ownership structure, Prime can focus on total cost of care, not just pharmacy costs. BCBSRI and Prime will align to focus on improved health and lower costs, helping to deliver value to our members.
BCBSRI and Prime will work closely with our brokers and members to ensure a smooth transition. We will provide updates in future issues. For more information, please contact your BCBSRI representative or visit Prime’s dedicated web page.