Illinois BidBuy #26-446DOI-FINAD-B-50721

Professional Services for PBM Oversight and Reform Implementation – Illinois Department of Insurance

This opportunity from the Illinois Department of Insurance seeks professional services to support oversight and reform of Pharmacy Benefit Managers (PBMs) under the Prescription Drug Affordability Act. - Government Buyer: - Illinois Department of Insurance (INS - Insurance) - Located in Springfield, Sangamon County - Vendors & OEMs: - No specific OEMs or product manufacturers are mentioned; focus is on professional service providers - Requested Services: - PBM Regulatory Oversight Project Lead - Attorney with health contract review experience - Pricing specialist reviewer - Pharmacist with prescription drug expertise - All services quoted at hourly rates, inclusive of ancillary costs - Notable Requirements: - 5% Business Enterprise Program (BEP) participation goal - Locked pricing prior to technical evaluation - Compliance with vendor disclosures and technical response instructions - No physical products or software solutions requested; strictly professional services - Attachments include updated RFP, vendor guidance, and administrative forms - No specific period of performance detailed; services are hourly and may be subject to an initial term as outlined in the RFP

Description

This solicitation is for oversight and reform services for Pharmacy Benefit Managers in accordance with the Prescription Drug Affordability Act (H.B. 1697). The procurement includes roles such as PBM Regulatory Oversight Project Lead, Attorney with Health Contract Review expertise, Pricing Specialist Reviewer, and Pharmacist for Prescription Drug services. The pricing must remain locked and unopened until after the technical proposal evaluation. The solicitation includes a 5% BEP participation goal and is managed by the Illinois Department of Insurance.

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