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The issuing organization is seeking information from vendors capable of providing a pharmacy benefit manager (PBM) system. The requested solution is expected to support core PBM functions including claims processing, formulary management, pharmacy network management, mail-order pharmacy, and specialty pharmacy services.
The scope also includes pharmacy services related to purchasing stock medications for facility clinics from a wholesaler and processing prescription purchases through retail and mail-order pharmacies. Vendors should be able to review, approve, or deny prescription claims, manage prior authorization processes for specified medications and therapies, and handle non-formulary review requests with approved overrides.
In addition, the system should support the design of beneficiary coverage plans and the incorporation of plan updates. The request indicates a need for a comprehensive PBM solution that combines administrative, operational, and pharmacy benefit functions.
Analysis generated by Settle AI from the source RFP.
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.