New York State Contract Reporter #2026-88-INS

NYSIF Seeks Audit Services for Pharmacy Benefits Management Program

The New York State Insurance Fund (NYSIF) is seeking a qualified firm to provide audit services for its Pharmacy Benefits Management (PBM) program. - Government Buyer: - New York State Insurance Fund (NYSIF), Procurement Unit - Services Requested: - Financial and performance audits of NYSIF's Pharmacy Benefits Manager - Tasks include obtaining and analyzing audit-related information and presenting findings to NYSIF - Contract Details: - Single award for a five-year term - 30% Minority and Women’s Business Enterprises (MWBE) participation goal - 0% Service-Disabled Veteran-Owned Business (SDVOB) goal - Notable Requirements: - Emphasis on audit expertise in PBM contracts - No specific OEMs or products required, as this is a professional services engagement - Previous contract for similar services was held by HealthPlan Data Solutions Inc (HDS)

Description

The New York State Insurance Fund (NYSIF) is seeking proposals from qualified firms to provide audit services for Pharmacy Benefits Management (PBM). The services include conducting financial and performance audits of NYSIF's Pharmacy Benefits Manager in accordance with the contract terms, obtaining and analyzing information required for the audit, and presenting audit findings to NYSIF. The contract term is five years, and NYSIF anticipates awarding a single contract. Proposals are due by August 4, 2026, at 2:00 PM EST.

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