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  1. Bid Banana
  2. ›Closed bids
  3. ›Minnesota
  4. ›Healthcare and Medical Services
  5. ›Pharmacy Benefits Manager: Phase 1

University of Minnesota·Minnesota

Pharmacy Benefits Manager: Phase 1

Closes 12/17/2025$3M – $15MRequest for Proposal
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Description

The University of Minnesota is seeking a Pharmacy Benefits Manager for an initial contract term of three years, with optional one-year renewal terms. The selected respondent will be responsible for providing pharmacy benefits management services to the university. The scope of work includes managing the university's pharmacy program, which includes processing prescriptions, managing claims, and providing customer service. The university is looking for a respondent who can provide high-quality services, manage costs, and meet the university's needs. • The contract term is for three years, with optional one-year renewal terms. • The selected respondent will be responsible for providing pharmacy benefits management services. • The university is looking for a respondent who can provide high-quality services, manage costs, and meet the university's needs. • The contract will be awarded to the respondent whose proposal is deemed most advantageous to the university. • The university reserves the right to cancel the RFP, modify the contract terms, or reject any and all proposals.

Attached files

The solicitation documents live at the source — open the bid source above to download them.

Contact

[email protected]

Key dates

Opened
12/3/2025
Closes
12/17/2025
Duration
3 years

Last updated

Details

Type
Request for Proposal
Industry
Healthcare and Medical Services
NAICS
524114
Solicitation №
10090.20251201.SE

Budget estimate

$3,000,000 – $15,000,000

The budget amount is not explicitly stated in the document. However, based on the scope of work and the fact that it's a three-year contract with optional renewal terms, it's likely that the budget amount will be substantial. A rough estimate could be in the range of $1 million to $5 million per year, depending on the size of the university's pharmacy program and the services required. This estimate is based on industry standards for pharmacy benefits management contracts.

AI estimate from the solicitation

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