CLEVELAND, OH and EAST SYRACUSE, NY (10/24/23) – Benefit Advisors Network (BAN), an international network of progressive and visionary employee benefit brokers and consulting firms from across the United States and Canada – announces it is partnering with ProAct, a fully integrated, employee-owned Pharmacy Benefit Management (PBM) company.
Under the terms of the new partnership, ProAct will offer BAN member firms affordable and flexible prescription drug benefit solutions for self-funded clients. They combine industry-leading client service with the latest in PBM technology.
“The ProAct team is a great addition to our bank of reputable partners. With overall prescription drug spending rising nearly 10% in 2023, our members will benefit from their expertise and custom-built plans as well as solutions to manage high-cost medications,” says Perry Braun, President & CEO of the Benefit Advisors Network.
Braun continues, “In addition, ProAct focuses on the mid-market sized employer group, making them a much better PBM partner for our members versus a mega-PBM vendor.”
“We recognize so many people can’t afford prescription medication and at times are forced to choose between necessities,” says Mike Grinnell, Sales Director at ProAct. “This is why we are excited to partner with BAN to support their member firms as they seek to provide employer clients with the most cost-effective pharmacy benefit needs.”
About Benefit Advisors Network
Founded in 2002, BAN is an exclusive, premier, international network of independent, employee benefit brokerage and consulting companies. BAN delivers industry leading tools, technology, and expertise to member firms so that they can deliver optimum results to their employee benefit customers. BAN intentionally limits membership because of the highly collaborative interactions. For more information, visit: www.benefitadvisorsnetwork.com or follow them on LinkedIn.
About ProAct
ProAct is a 100% employee-owned, fully integrated Pharmacy Benefit Management company providing benefits since 1999. Aiming to serve midmarket sized employers that are often underserved, ProAct offers flexible solutions for cost-effective prescription drug benefits. ProAct services a diversified client base consisting of manufacturers, unions, universities, municipalities, hospitals, corporations, not-for-profit organizations, long-term care facilities, financial institutions, and more. Through an organic growth strategy, ProAct has been able to provide clients with an offering that couples competitive pricing with a high-touch service model that only an employee-owned PBM could provide.
ProAct manages the dispensing of prescription drugs through its mail-order pharmacy, ProAct Pharmacy Services, as well as through its national retail pharmacy network consisting of over 64,000 pharmacies in the United States, Puerto Rico, Guam, and the Virgin Islands. For more information visit: https://proactrx.com.