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Title:
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Two-Year Term Contract with Three Years of Renewal Options for Pharmacy Benefit Manager for Workers Compensation Program for the Human Resources Department (Citywide)
The Pharmacy Benefit Manager (PBM) will provide workers’ compensation prescription benefit management services for the City's claimants. The PBM will provide a preferred network with a maximum number of retail pharmacies where the City will receive a greater discount from the Average Wholesale Price for all prescriptions including specialty drugs, infusion therapy, and injectables.
An evaluation committee and Purchasing recommend awarding the contract to the highest scored and lowest priced proposal from RxBridge LLC at $150,000 annually, with an annual increase allowance of up to 5%, or the adjusted Consumer Price Index. This purchase is funded by the Workers’ Compensation Fund.
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