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  5. ›Pharmacy Benefit Manager Addendum

Newark Board of Education·New Jersey

Pharmacy Benefit Manager Addendum

Closes 1/16/2026$5M – $20MRequest for Proposal
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Description

The Newark Board of Education is seeking a Pharmacy Benefit Manager to provide services for their employees. The selected vendor will be responsible for managing the pharmacy benefits, including claims processing, formulary management, and clinical programs. The Board is looking for a vendor that can provide a comprehensive pharmacy benefit management program, including prior authorization, step therapy, and quantity limits. The vendor will also be responsible for providing customer service, including a dedicated toll-free number and a dedicated account management team. The Board is expecting a high level of service, including same-day responses to concerns and timely and transparent reporting. Key aspects of the job include: • Managing pharmacy benefits for the Newark Board of Education employees • Providing prior authorization, step therapy, and quantity limits • Offering a comprehensive formulary management program • Delivering high-quality customer service, including a dedicated toll-free number and account management team • Providing timely and transparent reporting • Meeting and exceeding the Board's expectations for service and performance

Attached files

Contact

Raquel Cagley; Michael Atkinson

[email protected]; [email protected]

(201) 295-9044, ext.111; (973) 559-4112

Key dates

Opened
1/7/2026
Closes
1/16/2026

Last updated

Details

Type
Request for Proposal
Industry
Healthcare and Medical Services
NAICS
524292
Solicitation №
10172C

Budget estimate

$5,000,000 – $20,000,000

The budget for this contract is difficult to estimate without more information about the specific services and the number of employees covered. However, pharmacy benefit management contracts can be significant, with some large contracts exceeding $100 million per year. For this contract, a rough estimate might be in the range of $5 million to $20 million per year, depending on the scope of services and the number of employees covered. The actual budget will depend on the specific terms of the contract and the services provided.

AI estimate from the solicitation

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