You can do something like this
<html ng-app="App" >
<script src="http://ajax.googleapis.com/ajax/libs/angularjs/1.3.14/angular.min.js"></script>
<script>
angular.module("App",[])
.controller("ctrl",['$scope',function($scope){
$scope.changedValue = function(item){
alert(item);
}
}]);
</script>
<div >
<div ng-controller="ctrl">
<select ng-model="blisterPackTemplateSelected" ng-change="changedValue(blisterPackTemplateSelected)" >
<option value="">Select Account</option>
<option value="Add">Add</option>
</select>
</div>
</div>
</html>
instead of add option you should use data-ng-options.I have used Add option for testing purpose