Navigation Links
Prime Therapeutics Receives 2010 TIPPS Certification for Adherence to High Transparency Standards
Date:10/13/2009

ST. PAUL, Minn., Oct. 13 /PRNewswire/ -- Prime Therapeutics (Prime), a thought leader in pharmacy benefit management, has met high standards of pharmacy cost transparency, earning it 2010 Transparency in Pharmaceutical Purchasing Standards(SM) (TIPPS) certification from the HR Policy Association.

TIPPS certification is given annually to pharmacy benefit managers (PBMs) that have agreed to provide pharmacy cost information to the association's 60 member companies, which purchase pharmacy benefits for more than five million Americans. For 2010, Prime was one of just five PBMs that agreed to additional transparency in mail service pharmacy pricing.

"TIPPS certification is an important recognition for Prime," said Kim Mageau, interim president and chief executive officer. "We believe that Prime's additional commitment to aligning with our clients at mail as well as retail demonstrates our intent to deliver the lowest possible cost of care. TIPPS certification validates that, as a PBM, Prime provides plan sponsors and members with the tools and resources they need to achieve the greatest health for every dollar spent on the pharmacy benefit."

The TIPPS program requires PBMs to provide transparency in acquisition costs, mail service costs, pass-through of pharmacy revenue, specialty pharmacy drug costs, and plan management and consumer engagement efforts. Participating PBMs also grant the association the right to audit the organization in these areas. TIPPS standards have been evaluated annually since the program was launched in 2005. This is Prime's third consecutive year of TIPPS certification.

Prime Therapeutics LLC 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 14.7 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 11 Blue Cross and Blue Shield Plans, subsidiaries or affiliates of those Plans. Learn more at www.primetherapeutics.com.

SOURCE Prime Therapeutics


'/>"/>
SOURCE Prime Therapeutics
Copyright©2009 PR Newswire.
All rights reserved

Related medicine technology :

1. Vicus Therapeutics to Present at the 234th American Chemical Society National Meeting in Boston, MA
2. Allos Therapeutics Initiates Study of PDX in Patients with Cutaneous T-Cell Lymphoma
3. Amicus Therapeutics Announces Second Quarter 2007 Financial Results
4. TorreyPines Therapeutics Completes Patient Enrollment in Phase IIb Clinical Trial of Tezampanel for the Treatment of Acute Migraine Headache
5. CV Therapeutics Announces Eight Abstracts Accepted for Presentation at the European Society of Cardiology Congress 2007
6. Pharmacopeia Assists the World Health Organization in the Discovery of Novel Therapeutics for the Treatment of Malaria
7. Protalix BioTherapeutics Treats First Patient in Phase III Clinical Trial of prGCD
8. TorreyPines Therapeutics Initiates a Phase I Multiple Dose Clinical Trial of Tezampanel
9. TorreyPines Therapeutics Completes Phase I Multiple Dose Clinical Trial of NGX267, a Selective M1 Agonist for the Potential Treatment of Cognitive Impairment Associated with Schizophrenia
10. Cell Therapeutics, Inc. (CTI) Launches Phase III Study for Pixantrone in Relapsed Indolent Non-Hodgkins Lymphoma (NHL)
11. Cell Therapeutics, Inc. (CTI) Sponsors Panel Discussion on Women and Lung Cancer on Capitol Hill
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:8/2/2017)... Calif. , Aug. 2, 2017 ... Continental Who,s Who as a Pinnacle Lifetime Professional ... the Key Account Manager at Turing Pharmaceuticals, AG. ... negotiations, troubleshooting and relationship building.                ... has more than 25 years of experience as ...
(Date:7/31/2017)... Pharmacy, Inc. (NYSE: DPLO), has been named one of the ... Crain,s Detroit Business . The annual Crain,s Fast ... growth. This year,s edition measures growth from 2013 to 2016. ... list, visit crainsdetroit.com/awards/fast_50/2017 .  "Being named ... Phil Hagerman , CEO and chairman of Diplomat. "We,ve made ...
(Date:7/27/2017)... Holdings, Inc. (NYSE and SIX: ZBH) today reported financial results ... reported second quarter net sales of $1.954 billion, an ... an increase of 2.1% on a constant currency basis.  ... LDR Holding Corporation acquisition, second quarter 2017 revenues decreased ... on a constant currency basis. ...
Breaking Medicine Technology:
(Date:8/21/2017)... ... August 21, 2017 , ... The American Hospital Association (AHA) ... a Highmark Health company, to its Board of Trustees for a three-year term beginning ... health care provider organizations and individuals that are committed to the improvement of health ...
(Date:8/21/2017)... ... August 21, 2017 , ... ... Group (NYSE: UNH), has made a multi-million dollar partnership commitment to support ... disorder (PTSD) and traumatic brain injuries (TBI) over the next year. , ...
(Date:8/20/2017)... ANGELES, Calif. (PRWEB) , ... August 20, 2017 , ... A total solar eclipse ... darken for a few minutes as the moon moves between the sun and Earth. This ... , These four tips can help keep you safe on the road during the ...
(Date:8/20/2017)... ... 20, 2017 , ... State Farm Neighborhood Assist® has named The Southern ... $25,000 grant. If the initiative wins, Gals Lead – Dream Queen Foundation’s signature teen ... area of St. Mary’s, Calvert and Charles Counties. The program could potentially impact nearly ...
(Date:8/19/2017)... ... August 19, 2017 , ... ... will feature the Aurum Group in an upcoming episode, slated to air fourth ... Innovations will feature the Aurum Group; a company committed to supporting dentistry using ...
Breaking Medicine News(10 mins):