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Indiana Personnel·Indiana

Pharmacy Benefit Management Services

Closes 4/13/2026$10M – $50MRequest for Proposal
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Description

The State of Indiana is seeking comprehensive Pharmacy Benefit Management (PBM) services for the State Employee Health Plans and other participants in the IAPPP. The selected provider will be responsible for providing best-in-class discounts and rebates, network management, clinical programs, formulary management, utilization management, claims administration, fraud detection, compliance with state and federal regulations, integration with the medical third-party administrator (TPA), dispute resolution, and customer service. The contract will cover approximately 55,411 subscribers and a total of 117,852 covered members. • The provider must have experience in managing pharmacy benefit programs for large groups. • The provider must have a strong network of pharmacies and a robust formulary management system. • The provider must be able to integrate with the medical TPA and provide seamless customer service. • The provider must be compliant with all state and federal regulations. • The provider must have a proven track record of delivering cost savings and improving health outcomes.

Attached files

The solicitation documents live at the source — open the bid source above to download them.

Contact

Robert James Cohen

[email protected]

Key dates

Opened
3/11/2026
Closes
4/13/2026

Last updated

Details

Type
Request for Proposal
Industry
Healthcare and Medical Services
NAICS
624110
Solicitation №
000700000086592

Budget estimate

$10,000,000 – $50,000,000

Given the large number of subscribers and covered members, the contract value is likely to be substantial. The provider will need to have a robust system in place to manage pharmacy benefits, which will require significant investment in technology, staff, and infrastructure. Based on industry benchmarks, the contract value could be in the range of $10 million to $50 million per year, depending on the scope of services and the level of cost savings achieved. The final budget will depend on the provider's ability to deliver cost savings, improve health outcomes, and provide high-quality customer service.

AI estimate from the solicitation

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