ProAct PBM - 3x3x3 Challenge With David Mastrangelo
ProAct focuses on serving self-funded plan sponsors in a consultative approach; helping clients navigate complexity and maximize cost avoidance opportunities that align with their benefit strategies.
Transcript:
What is ProAct PBM?
ProAct is a nationwide full service PBM with its own mail order services and specialty pharmacy. ProAct is the leading division and a wholly owned subsidiary of a larger ESOP holding corporation known as KPH. With headquarters in New York state, KPH maintains over 2 billion in annual revenue with all eight of its divisions contributing to pharmacy and pharmacy adjacent businesses such as retail, home infusion services, long-term care, and of course, pharmacy benefits.
How is ProAct PBM different?
We talk about employee ownership and what it means for us and the care that we bring to our business every day. Just as important is what employee ownership means to our clients. First, we're not beholden to external investors in short term quarterly earnings. Instead, we're empowered to make decisions that are in the best interest of our clients and our business long-term. Secondly, in an industry that's ripe with merger and acquisition, employee ownership brings stability, giving our clients the confidence to know that they have a long-term partner in ProAct. In addition to employee ownership, our go-to market strategy heavily leans into the flexibility that we offer. We work with our business partners and clients to customize benefits, provide formulary options, and maintain a multitude of clinical programs, as well as robust cost containment solutions that meet the market's unique and complex demands. With about 80% of the PBM market controlled by the big three and an estimated 93% of the total market held by the top six PBMs in aggregate, mid-market PBMs, such as ProAct, can be nimble in our strategies and customized offerings.
Who is a good fit for ProAct PBM?
We serve self-funded employers and plan sponsors. Those groups range in size from a few managed lives, often in partnership with a third party administrator to direct contracts with groups over 20,000 covered lives. Our portfolio of clients include school districts, manufacturers, service providers, healthcare entities, and union groups, just to name a handful. As someone that's made their career in leading account executives and account managers, I would say that our ideal client is one that values collaborative partnership and is solution minded. Our high touch client service model, coupled with this collaborative mentality, supports our vision of building customers for life.
Transcript:
What is ProAct PBM?
ProAct is a nationwide full service PBM with its own mail order services and specialty pharmacy. ProAct is the leading division and a wholly owned subsidiary of a larger ESOP holding corporation known as KPH. With headquarters in New York state, KPH maintains over 2 billion in annual revenue with all eight of its divisions contributing to pharmacy and pharmacy adjacent businesses such as retail, home infusion services, long-term care, and of course, pharmacy benefits.
How is ProAct PBM different?
We talk about employee ownership and what it means for us and the care that we bring to our business every day. Just as important is what employee ownership means to our clients. First, we're not beholden to external investors in short term quarterly earnings. Instead, we're empowered to make decisions that are in the best interest of our clients and our business long-term. Secondly, in an industry that's ripe with merger and acquisition, employee ownership brings stability, giving our clients the confidence to know that they have a long-term partner in ProAct. In addition to employee ownership, our go-to market strategy heavily leans into the flexibility that we offer. We work with our business partners and clients to customize benefits, provide formulary options, and maintain a multitude of clinical programs, as well as robust cost containment solutions that meet the market's unique and complex demands. With about 80% of the PBM market controlled by the big three and an estimated 93% of the total market held by the top six PBMs in aggregate, mid-market PBMs, such as ProAct, can be nimble in our strategies and customized offerings.
Who is a good fit for ProAct PBM?
We serve self-funded employers and plan sponsors. Those groups range in size from a few managed lives, often in partnership with a third party administrator to direct contracts with groups over 20,000 covered lives. Our portfolio of clients include school districts, manufacturers, service providers, healthcare entities, and union groups, just to name a handful. As someone that's made their career in leading account executives and account managers, I would say that our ideal client is one that values collaborative partnership and is solution minded. Our high touch client service model, coupled with this collaborative mentality, supports our vision of building customers for life.