Navigation Links
Prime Therapeutics Receives TIPPS Certification

ST. PAUL, Minn., Sept 6 /PRNewswire/ -- Prime Therapeutics (Prime), a thought leader in pharmacy benefit management, announced today its 2008 Transparency in Pharmaceutical Purchasing Standards SM (TIPPS SM) certification.

TIPPS requirements are set forth by the HR Policy Association Pharmaceutical Coalition, an alliance of major employers formed in 2004. The TIPPS initiative calls for adherence to nine drug purchasing transparency standards, including providing acquisition costs for all drugs through mail service and specialty pharmacy.

Prime's private ownership structure by not-for-profit Blue Cross and Blue Shield Plans allows for extensive disclosure and transparent business practices. "Prime was founded on principles of transparency, disclosure and working in the best interests of our clients," said Matt Yordy, Senior Vice President of Business Development at Prime. "We remain committed to these ideals and to demonstrating them to the marketplace. TIPPS is an extension of this commitment."

Cory Super, Prime's Senior Director of National Account Sales, indicates that in order for transparency to have an optimum impact on consumers, all participants in the pharmacy delivery channel, including plan sponsors and employer groups, must share a commitment to transparency. "The TIPPS initiative eliminates the 'shell game' that may exist in the pharmacy benefit management (PBM) market today. It mandates pass-through of negotiated discounts, drug costs and PBM revenue streams as well as demands adherence to disclosure and audit requirements," says Super. "TIPPS ensures employer groups have a consistent way to really check under the hood."

TIPPS is administered by the Pharmaceutical Coalition. The Coalition includes fifty-eight companies representing more than 5 million lives with collective drug spending in 2005 of more than $4.9 billion. TIPPS certification requires PBMs to pass along 100 percent of all revenue from drug manufacturers related to the employer's contract. It also includes rigorous audit rights to guarantee compliance. TIPPS certification requires an annual renewal process.

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 approximately 12.5 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 ten Blue Cross and Blue Shield Plans, subsidiaries or affiliates of those Plans. Learn more at

Transparency in Pharmaceutical Purchasing Standards and TIPPS are service marks of Health Care Policy Roundtable, LLC.

SOURCE Prime Therapeutics
Copyright©2007 PR Newswire.
All rights reserved

Related medicine news :

1. Indian Prime Minister has successful Knee Replacement Surgery
2. Aggressiveness is a prime heart disease risk
3. Prime Minister Manmohan Against Incentive-Based Population Control
4. Prime Minister Declares War on AIDS
5. Indian Prime Minister undergoes Minor Surgery in AIIMS
6. Movie Smoking Is The Prime Triggering Factor For Adolescents
7. Plastic Surgery Is Primetime among Ethnic Groups
8. Prime Suspect Apprehended in AIIMS Question Paper Leak
9. Prime Minister Manmohan Singh, Flags Off Public Health Foundation of India
10. Prime Minister Asks Medicos to End Strike
11. Prime Minister Reassure Medical Students Asks them to Call off Strike
Post Your Comments:
(Date:11/26/2015)... Viejo, CA (PRWEB) , ... November 26, 2015 ... ... users a new set of retro-fused, self-animating trailer titles with ProTrailer: Vintage. This ... style options. These classically-influenced trailer titles work with any font, giving users limitless ...
(Date:11/25/2015)... , ... November 25, 2015 , ... ... where preparing the perfect dish and pleasing the palates of attendees is of ... bringing a dish to a seasonal get-together, give these recipes a try this ...
(Date:11/25/2015)... ... , ... Ministers, senior government and UN agencies, representatives from ... Excellence, and public R&D institutions, civil societies and other partners gathered today at ... Network for Drugs and Diagnostics Innovation, ANDI, Stakeholders Meeting. The three- day meeting ...
(Date:11/25/2015)... , ... November 25, 2015 , ... Dental professionals who ... Cleveland, OH , are invited to attend Dr. Mark Iacobelli’s Advanced Implant Mentoring (AIM) ... in Cleveland, OH. , As the co-founders of Advanced Implant Mentoring (AIM), Dr. ...
(Date:11/25/2015)... ... ... Smiles by Stevens is pleased to announce the addition of Botox® ... are aware of the benefits of Botox® in the treatment of moderate facial wrinkling, ... soreness, and pain as a result of Jaw Tension, TMJ (temporo-mandibular joint) disorder, and ...
Breaking Medicine News(10 mins):
(Date:11/26/2015)... 2015 3D bioprinting market is ... a new report by Grand View Research Inc. Rising prevalence ... demands kidney transplantation is expected to boost the market growth, ... organ transplantation. --> 3D bioprinting market is ... a new report by Grand View Research Inc. Rising prevalence ...
(Date:11/26/2015)... Research and Markets ( ) ... Future Horizons and Growth Strategies in the Japanese ... Segment Forecasts, Competitive Intelligence, Emerging Opportunities" report ... --> This new 247-page report ... drug monitoring market, including emerging tests, technologies, instrumentation, ...
(Date:11/26/2015)... 2015 ) ... "2016 Future Horizons and Growth Strategies in ... Supplier Shares, Country Segment Forecasts, Competitive Intelligence, ... --> ) has announced ... Horizons and Growth Strategies in the French ...
Breaking Medicine Technology: