History
- 1987 - Pharmacy Gold is established as the pharmacy department for Blue Cross and Blue Shield of Minnesota, offering a therapeutically complete drug formulary to other plans across the country.
- 1993 - Pharmacy Gold is incorporated in July and begins independent financial operations in September.
- 1998 - Pharmacy Gold, Inc. merges with ProPar - a third party administrator and service bureau, and is renamed Prime Therapeutics, Inc. Prime is a privately held corporation and is owned by five BCBS affiliates including Blue Cross and Blue Shield of Minnesota, Blue Cross and Blue Shield of Nebraska, Blue Cross and Blue Shield of North Dakota, Blue Cross and Blue Shield of Kansas and Blue Cross and Blue Shield of Wyoming.
- 2003 - Health Care Service Corporation (HCSC) - which comprises Blue Cross and Blue Shield of Illinois, Blue Cross and Blue Shield of New Mexico and Blue Cross and Blue Shield of Texas - purchases equity ownership
- 2004 - Prime Therapeutics, LLC is formed. Blue Cross and Blue Shield of Oklahoma purchases equity ownership in Prime.
- 2005 - PrimeMail®, Prime's mail service pharmacy, is launched and begins dispensing prescriptions. Blue Cross and Blue Shield of Oklahoma is purchased by HCSC and releases its direct ownership of Prime.
- 2006 - Blue Cross and Blue Shield of Florida joins Prime as both client and owner, becoming the tenth BCBS plan to invest in Prime. Prime opens its second PrimeMail facility.
- 2007 - Prime achieves URAC Pharmacy Benefit Management accreditation. Prime is named semi-finalist in the International Customer Management Institutes's (ICMI) Global Call Center of the Year awards.
- 2008 - Prime accepts its first mail-service only client. Prime launches Triessent®, its specialty pharmacy program. Prime joins the Pharmaceutical Care Management Association, the national association representing America's pharmacy benefit managers.
- 2009 - Blue Cross and Blue Shield of Montana becomes the eleventh BCBS owner of Prime. PrimeMail begins accepting electronic prescriptions via the Surescripts network.
- 2010 - Prime again receives URAC accreditation for its mail service pharmacy, PrimeMail. Blue Cross and Blue Shield of Alabama becomes the twelfth BCBS owner of Prime.
- 2011 - Prime is ranked number 39 in Minneapolis/St. Paul Business Journal's "Fast 50: Fastest-growing Private Companies" annual list; and number 16 in Minneapolis/St. Paul Business Journal's "Top 100 Private Companies" annual list.
- 2012 - Blue Cross and Blue Shield of North Carolina joins Prime as both client and owner, becoming the 13th BCBS plan to invest in Prime.
Source: Prime Therapeutics
Read more about this topic: Prime Therapeutics
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