Employee Benefits: Pharmacy Benefit Management (PBM) RFP Consulting & Contracting and Auditing Services

This contract is for pharmacy benefit management (PBM) consulting, contracting, and auditing services. The vendor, PENSA Health Management, Inc., will provide administration of the RFP process, negotiation of a contract with the lowest possible overall net cost, and auditing of the PBM's performance. The contract includes a scope of services, payment terms, and termination provisions. The key aspects of this contract include the administration of the PBM RFP process, negotiation of a contract with the lowest possible overall net cost, and auditing of the PBM's performance. • The contract is for a term that runs concurrently with the initial term of the newly negotiated contract between the County and PBM. • The contract includes a payment schedule, with fees payable to the consultant not to exceed $30,000 plus $0.30/prescription processed by the PBM. • The contract includes termination provisions, with the agreement terminable by either party for a material breach of any term. • The contract includes provisions for dispute resolution, with any disputes to be submitted to non-binding mediation.