TITLE
Recommendation to adopt Specifications No. RFP LW18-050 and award a contract to Pharmaceutical Technologies, Inc., of Omaha, Nebraska, for the administration and delivery of Workers' Compensation Pharmacy Products and Services through a network of pharmacies for the City of Long Beach Workers Compensation Program, in an annual amount of $212,865; authorize a 20 percent contingency in the amount of $42,573 annually, for a total contract amount not to exceed $255,438 annually; and authorize City Manager, or designee, to execute all documents necessary to enter into the contract, including any necessary amendments thereto, for the period beginning January 1, 2019 through December 31, 2020, with the option to renew for three additional one-year periods.
DISCUSSION
City Council approval is requested to enter into a contract with Pharmaceutical
Technologies, Inc. (PTI) to administer and deliver Workers' Compensation
Pharmacy Products and Services, as a Pharmacy Benefit Manager (PBM), through
a network of pharmacies for the City of Long Beach (City). This PBM would serve
the pharmaceutical needs of the injured workers of the City as required by the
Workers' Compensation Laws of California, ascribe to a fully disclosed and
transparent pricing structure, and include contractual provisions that would
generate measurable savings for the City's Workers' Compensation Program. If
approved, this contract will replace the prior PBM agreement.
Request for Proposal (RFP) RFP LW18-050 was advertised in the Long Beach
Press-Telegram on December 14, 2017, and 32 potential proposers specializing in
pharmacy benefit management were notified of the RFP opportunity. Of those
proposers, 30 downloaded the RFP via the City's electronic bid system. The RFP
document was made available from the Purchasing Division, located on the seventh floor of City Hall, and the Division's website at www.longbeach.gov/purchasing.
Approximately 5,311 vendors were notified of the RFP opportunity. The ...
Click here for full text