Who is Prime Therapeutics?
Our purpose is to help people get the medicine they need to feel better and live well.
Prime at a Glance
Formed in 1998 by two Blue Cross and Blue Shield plans, we’ve grown steadily and now partner with 18 Blue Plan owner clients. This unique ownership structure makes it possible for us to remain absolutely committed to the health of the members we serve.
Today, we manage pharmacy benefits for more than 28 million members through our relationships with health plans, employers, and government programs, including Medicare and Medicaid.
Drug spend managed
2017 - $23.44 billion
2018 - $29.1 billion (est)
Annual claim volume
2017 - 320 million
2018 - 351 million (est)
Our 2017 drug trend results illustrate our commitment to managing total drug costs:
Commercial clients saw a 0.2% decrease in drug expenditures.
Costs were held down by substantial negotiated savings and increased use of powerful tools such as our NetResults™ formulary and Walgreens-anchored preferred networks.
Medicare Part D clients saw a 0.8% decrease in drug expenditures.
Preferred networks played a major role in driving drug savings.
Medicaid clients saw a 5.4% decrease in drug expenditures.
Increased use of Prime’s PBM tools, proactive collaboration on population management and substantial negotiated savings helped fuel these results.
* Data is per member per month, 2017 vs 2016. See Prime Spring 2018 Trend reports.
Locations and employees
Headquarters: Eagan, Minnesota
Regional offices: Omaha, NE; Albuquerque, NM