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REQUEST FOR PROPOSAL: PHARMACY BENEFIT MANAGEMENT SERVICES PROCUREMENT The Interagency Benefits Advisory Committee (IBAC) is requesting proposals for the procurement of pharmacy benefit management services for its approximately 180,000 members. The IBAC is a joint purchasing collective established by state statute that consists of the following entities: State of New Mexico's Risk Management Division, New Mexico Public Schools Insurance Authority, Albuquerque Public Schools, and New Mexico Retiree Health Care Authority. The IBAC is seeking pharmaceutical benefit management services to include developing and maintaining a cost-effective formulary of prescription drugs to maintain and improve the health of participating members, negotiating advantageous contracts with pharmacies/providers, drug manufacturers for purchase, provision and delivery of drugs on the formulary to participating IBAC members, clinical evaluation and analysis of the effectiveness of new prescription drugs approved by the FDA. Other services include consultation with the IBAC about market changes within the prescription drug industry and how those changes impact costs, provision and maintenance of systems for processing and paying prescription claims with systems that provide the IBAC agencies with accurate, consistent, timely and comprehensive reports and provision of exceptional customer service to IBAC members and their health care providers in the areas of clinical information about the proper use and effectiveness of prescribed drugs and cost-effective alternatives. IBAC is seeking a partnership with the selected PBM to identify, recommend and implement cost savings opportunities while ensuring the members obtain healthy outcomes in a cost-effective manner. Also, the IBAC seeks a PBM partner that will coordinate and maintain vigorous clinical and utilization management strategies. A number of factors will be considered in the selection process. The primary factors include pricing, pharmacy network access, formulary disruption, contractual compliance, reporting capabilities, financial stability, performance guarantees, references, ability to integrate successfully with existing health benefit administration and customer service. Prospective bidders are to offer comprehensive PBM services including but not limited to those listed in the RFP. Copies of the full Request For Proposals (RFP) will be available on August 15, 2017, at www.nmrhca.state.nm.us or upon request. Contact Neil Kueffer, RFP Procurement Manager, New Mexico Retiree Health Care Authority, 4308 Carlisle Blvd. NE, Suite 104 Albuquerque, NM 87107, phone number 505-222-6408. All sealed proposals must be received no later than 3 p.m. on Thursday, September 14, 2017. Journal: August 6, 13, 2017 Left-red    Print Legal   Email-red   Published on: Sun August 13, 2017