May 27, 2018 6:41 AM ET

Healthcare Providers and Services

Company Overview of Prime Therapeutics LLC

Company Overview

Prime Therapeutics LLC provides pharmacy benefit management solutions. The company manages pharmacy benefits for health plans, employers, and government programs, including Medicare and Medicaid. It also processes claims and delivers medicine to members offering clinical services for people with complex medical conditions. The company facilitates members to get personalized support from a team of pharmacists and clinical experts; assists doctors and healthcare professionals in delivering evidence-based care; and allows employers to enhance employee health. Prime Therapeutics LLC has a strategic alliance with Walgreen Co. The company was founded in 1998 and is based in Eagan, Minnesota.

1305 Corporate Center Drive

Eagan, MN 55121-1204

United States

Founded in 1998

Phone:

651-286-4000

Fax:

651-286-4263

Key Executives for Prime Therapeutics LLC

Chief Executive Officer, President and Director
Chief Financial Officer
Chief Operating Officer and Senior Vice President of Government Programs
Chief Information Officer and Senior Vice President
Senior Vice President and General Counsel
Age: 47
Compensation as of Fiscal Year 2017.

Prime Therapeutics LLC Key Developments

Prime Therapeutics LLC Presents at 23rd Annual Drug Benefit Conference, Mar-06-2018 11:25 AM

Prime Therapeutics LLC Presents at 23rd Annual Drug Benefit Conference, Mar-06-2018 11:25 AM. Venue: Palm Springs, California, United States. Speakers: Catherine Starner, Health Outcomes Consultant Sr. Principal.

Prime Therapeutics and Boehringer Ingelheim Enter into Outcomes-Based Contract for Jardiance

As part of its CareCentered ContractingTM program Prime Therapeutics LLC (Prime) recently entered into an outcomes-based contract with Boehringer Ingelheim for Jardiance® (empagliflozin), an oral type 2 diabetes medicine indicated to reduce the risk of cardiovascular death in adults with type 2 diabetes and established cardiovascular disease. As a PBM owned by 18 Blue Cross and Blue Shield plans, Prime is uniquely positioned to analyze both medical and pharmacy claims data to evaluate and manage total cost of care. Prime looks at members' experiences holistically and this CareCentered Contracting agreement will focus on the total cost of care for members taking Jardiance and comparing that to the total cost of care for patients taking other diabetic medications. In this manner, Prime can truly evaluate the combined cost of pharmacy and medical on select therapies and its impact on overall health costs for the members serve. Jardiance adds to Prime's portfolio of CareCentered Contracting agreements in the diabetes category and the comprehensive treatment of diabetes is an area of strategic focus for Prime.

Prime Therapeutics Signs Outcomes-Based Contract with Novo Nordisk for Type 2 Diabetes Drug Victoza® (Liraglutide)

Prime Therapeutics LLC and Novo Nordisk announce a value-based contract for the type 2 diabetes drug, Victoza, as part of Prime's CareCentered Contract program. Since signing its first outcomes-based contract in 2010, CareCentered Contracting has served as one arm of a multi-pronged strategy to help control costs for Prime's clients, employers and members. This new contract with Novo Nordisk for Victoza aligns to Prime's strategy by focusing on controlling overall costs for members. Prime will evaluate the effectiveness of Victoza, and together with Novo Nordisk, will reimburse commercial clients if certain measures are not achieved.

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