Prescription Benefit Management (PBM) Services

The contract is for Prescription Benefit Management (PBM) Services, and the successful vendor is Magellan Rx Management, LLC. The Request for Proposal (RFP) was issued by Utah Valley University, and the contract was awarded based on a technical and cost evaluation. The scope of work includes providing PBM services to the university, and the contract has a transparent pricing model. Key aspects of the contract include demonstrated discounts, general services to the university, network choice, experience, past performance, and references. The contract also includes a cost evaluation, and the committee recommended awarding the contract to Magellan Rx based on their technical and cost scores. Some key points about the contract include: • The contract is for PBM services for Utah Valley University. • The successful vendor is Magellan Rx Management, LLC. • The contract has a transparent pricing model. • The scope of work includes providing PBM services to the university. • The contract was awarded based on a technical and cost evaluation. • The committee recommended awarding the contract to Magellan Rx based on their technical and cost scores.