BeneCard PBF Appoints Robert A. Cascarano and Sidney W. Stolz to Senior Management

Appointments reflect company’s commitment to build premier healthcare services company

ORLANDO, Fla.--(BUSINESS WIRE)--BeneCard PBF today announced the appointments of Robert A. Cascarano and Sidney W. Stolz to the senior management team at BeneCard PBF indicating the company’s commitment to build the premier prescription benefits manager. Mr. Cascarano will join as Executive Vice President, Sales, and Mr. Stolz joins as Executive Vice President, Client Services and Marketing. BeneCard PBF is a leading administrator of prescription benefits and services to public and private sector plan sponsors including labor organizations, local government and others. BeneCard PBF combines a state-of-the-art technology platform with a model focused on member services and client satisfaction to provide the industry’s best level of service to plan sponsors and members.

“We are excited to have these two industry veterans join our team”

“We are excited to have these two industry veterans join our team,” said Drew Crawford, President and CEO of BeneCard PBF. “Both Robert and Sid add tremendous experience in prescription benefits management and healthcare expertise and will serve as change agents to help our company grow in the evolving landscape of providing healthcare benefits.”

Robert A. Cascarano

Mr. Cascarano (age 37) has 15 years of PBM and healthcare industry experience. Prior to joining BeneCard PBF in 2011, he spent 13 years with Caremark (CVS Caremark) where he was a top sales producer across multiple lines of business. He also spent two years directing sales efforts for Morrisey Associates, a software development firm whose solutions are marketed to hospitals, hospital networks and Managed Care Organizations.

Mr. Cascarano earned degrees in Journalism, Public Relations and Corporate Communications from Butler University (Indianapolis, IN).

Sidney W. Stolz

Mr. Stolz (age 50) has over 25 years of experience in the health care industry. He has worked in managed care (Maxicare Health Plans, MetraHealth, and United Healthcare), with PBMs (Advanced Paradigm, AdvancedPCS, and CVS Caremark), and with consulting agencies (Towers Perrin).

Mr. Stolz has an MBA from the University of Texas (Austin, TX) and a BA degree from Bethany College (Lindsborg, KS).

BeneCard PBF (www.BeneCardPBF.com) is a leading, privately held administrator of prescription benefits. The company provides its customers and participants with innovative tools and services through its newly designed, state-of-the-art and proprietary information technology system. Using this platform, BeneCard PBF provides clients and their members industry leading clinical and cost management programs while offering the industry’s most flexible and client friendly contracting model.