When is the submission deadline?

Submissions are due August 4, 2026. Questions must be submitted by July 21, 2026.

It was issued by New York State Insurance Fund. The work is located in Albany, New York, United States.

Who is a good fit for this opportunity?

Auditing firms with experience in pharmacy benefits management reviews. Demonstrated expertise in both financial and performance audits. Prior work with government or public sector contracts. Firms with staff certified in relevant audit and accounting practices.

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Audit Services for Pharmacy Benefits Management

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Overview

Financial, Legal, HR & Staffing

Albany, New York, United StatesPosted: June 27th, 2026Deadline: August 4th, 2026

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SUMMARY

A New York government agency requires a vendor to conduct financial and performance audits of its pharmacy benefits manager under a five-year contract.

KEY REQUIREMENTS

Minimum of five years of experience in providing auditing services for group health or property casualty insurance companies with an emphasis on Pharmacy Benefits Management
Minimum of five years of experience in providing auditing services involving typical pharmacy pricing structures and brand/generic classification
Must not have a conflict of interest with conducting an audit on the incumbent PBM, CaremarkPCS Health, L.L.C d/b/a CVS Caremark
Must have a bachelor’s degree in accounting or a bachelor’s degree with a minimum of 24 credits in accounting or auditing
Must provide a client list of at least three clients for which service of a similar or greater size of scope have been performed within the last four years
Must provide a preliminary work plan
Must provide an annual penetration test
Must maintain required insurance coverage including Workers Compensation, Disability, Commercial General Liability, Business Automobile Liability, Professional Liability, and Crime Insurance

CONTRACT DURATION

60 months

TIMELINE

June 23rd, 2026: RFP Issued

July 21st, 2026: Final date for Bidder inquiries

July 28th, 2026: Responses to Inquiries

August 4th, 2026: Final date for submission of bids

QUESTION DEADLINE

July 21st, 2026

CONTACTS

Primary procurement contact — name, title, email, and phone

Additional decision-makers and their departments

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Issuing Agency

New York State Insurance Fund

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DESCRIPTION

The government authority located in New York is seeking a qualified vendor to provide audit services for pharmacy benefits management. The scope includes conducting comprehensive financial and performance audits of the agency's pharmacy benefits manager to ensure compliance, accuracy, and efficiency in operations and financial transactions.

Vendors must demonstrate expertise in both financial and performance audit methodologies related to pharmacy benefits management. The awarded contract will be for a period of five years. All questions regarding this RFP must be submitted no later than July 21, 2026.

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Frequently asked questions

When is the submission deadline?: Submissions are due August 4, 2026. Questions must be submitted by July 21, 2026.
Who issued this RFP?: It was issued by New York State Insurance Fund. The work is located in Albany, New York, United States.
Who is a good fit for this opportunity?: Auditing firms with experience in pharmacy benefits management reviews
Demonstrated expertise in both financial and performance audits
Prior work with government or public sector contracts
Firms with staff certified in relevant audit and accounting practices

Analysis generated by Settle AI from the source RFP.

RFP Hunter shows what is open. Settle shows what is forming.

Settle pieces together buyer signals, budgets, contract activity, and the sources your team already monitors. See why an opportunity fits and what to do before the RFP posts.

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Audit Services for Pharmacy Benefits Management (Due August 4, 2026) | Settle RFP Hunter