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  5. ›PHARMACY BENEFITS MANAGER

City of Charlottesville·Virginia

PHARMACY BENEFITS MANAGER

Closes 9/21/2026$5M – $15MRequest for Proposal
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Description

The City of Charlottesville is seeking a qualified Pharmacy Benefits Manager (PBM) to administer its self‑funded prescription drug program for approximately 1,100 active employees and pre‑65 retirees. The contract runs from January 4 2027 through June 30 2028 with an option for up to six one‑year renewals. The PBM must provide end‑to‑end services including formulary management, network administration, specialty pharmacy, utilization management, rebate administration, member services, data integration with the City’s BenefitFocus enrollment platform, and coordination with the medical TPA. Proposals must be submitted electronically via the City’s OpenGov portal by September 16 2026, 2:00 PM. Evaluation criteria focus on experience, methodology, proposal quality, and price. The City encourages participation of small, women‑, minority‑, veteran‑owned businesses. • Administer prescription drug benefits for active employees and retirees • Manage formulary, P&T committee, and specialty pharmacy services • Maintain national retail and mail‑order pharmacy networks • Provide rebate negotiation, financial transparency, and reporting • Integrate eligibility and claims data with BenefitFocus and medical TPA • Deliver member support via toll‑free line, portal, and mobile app • Contract term 18 months with optional annual extensions up to six years

Attached files

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

Contact

Sara Butler

[email protected]

(434) 970-3462

Key dates

Opened
8/19/2026
Questions due
9/11/2026
Closes
9/21/2026
Duration
18 months

Last updated

Details

Type
Request for Proposal
Industry
Healthcare and Medical Services
NAICS
524292
Solicitation №
RFP 27-25

Budget estimate

$5,000,000 – $15,000,000

The solicitation does not disclose a contract value. Based on industry benchmarks, a PBM for a city of ~1,100 employees typically generates annual administration fees ranging from $3 M to $7 M, plus performance‑based rebates. Considering the 18‑month base term plus potential renewals, the total expected revenue could fall between $5 M and $15 M, depending on fee structure, rebate pass‑through, and utilization rates.

AI estimate from the solicitation

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