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September 28, 2013 12:00 AM

Healthcare's Hottest No. 37: Prime Therapeutics

Modern Healthcare
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    What it does: Prime, owned collectively by 13 Blue Cross and Blue Shield plans, is a pharmacy benefit manager that handles patient prescription drug benefits for health plans, employers and government programs.

    How it grew to become one of healthcare's hottest: Prime Therapeutics' value proposition to the approximately 23 million patients it serves worldwide—most of whom are covered by a Blue Cross and Blue Shield plan—is its price transparency and commitment to improved outcomes, says Eric Elliott, the company's president and CEO.

    “The ultimate outcome is better medical experience and better health for our patients,” he says. An attractive aspect of Prime Therapeutics' offerings to prospective clients, Elliott adds, is its ability to offer a seamless transition to its benefits management system.

    One of Prime's newest clients is Blue Cross and Blue Shield of North Carolina, which added another 1.5 million covered lives this year alone. As of September, Prime has processed 237 million patient claims, compared with a total of 225 million last year.

    Related content

    Meet 40 companies on healthcare's fast track

    Read profiles of the 40 companies on this year's Healthcare's Hottest ranking

    Read more about the Healthcare's Hottest program

    37. Prime Therapeutics

    Location: Eagan, Minn.

    Top executive: Eric Elliott, president and CEO

    Number of employees: 2,551

    Annual revenue (2012): $1.8 billion

    Compounded revenue growth (2007-12): 17.5%

    Website: www.primetherapeutics.com

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      • Transformation
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        • Midwest
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    • Blogs
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      • Sponsored Content: Vital Signs Blog
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      • From the Editor
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        • Nominate/Eligibility
        • 100 Most Influential People
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        • 40 Under 40
        • Best Places to Work in Healthcare
        • Healthcare Marketing Impact Awards
        • Innovators Awards
        • Diversity Leaders
        • Leading Women
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      • Conferences
        • The 2030 Playbook Conference
        • Innovations in Patient Experience
        • Leading Women Conference & Awards Luncheon
        • Leadership Summit
        • Workforce Summit
      • Galas
        • Best Places to Work Awards Gala
        • Diversity Leaders Gala
      • Virtual Briefings
        • - Looking Ahead to 2025
        • - Financial Growth
        • - Hospital of the Future
        • - Value Based Care
        • - Looking Ahead to 2026
      • Webinars
    • Multimedia
      • Podcast - Beyond the Byline
      • Sponsored Podcast - Healthcare Insider
      • Sponsored Video Series - One on One
      • Sponsored Video Series - Checking In with Dan Peres
    • Data & Insights
      • Data & Insights Home
      • Hospital Financials
      • Staffing & Compensation
      • Quality & Safety
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      • Skilled Nursing Facilities
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