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Pharmacy Benefit Claims Monitoring Services

Overview


Healthcare Services, Wellness & Biotech
Frankfort, Kentucky, United StatesPosted about 2 months agoDeadline: April 15th, 2026

Fit Score


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SUMMARY


Kentucky seeks a vendor for real-time monitoring and analysis of pharmacy benefit claims to ensure payment accuracy and reduce errors.

KEY REQUIREMENTS


BUDGET

Estimate

$1,500,000 – $8,000,000

CONTRACT DURATION


24 months

TIMELINE


Release of RFP: March 20th, 2026

Written Questions due by: March 31st, 2026

Anticipated Commonwealth Response to Written Questions: April 3rd, 2026

Proposals Due by: April 15th, 2026

QUESTION DEADLINE


March 31st, 2026

Issuing Agency


Commonwealth of Kentucky, Personnel Cabinet, Department of Employee Insurance

Organization overview and procurement intelligence available on paid plans.

DESCRIPTION


The requesting entity in Kentucky is seeking a vendor to provide pharmacy benefit claims monitoring services. The selected company will be responsible for analyzing pharmacy benefit claims to validate their accuracy and identify errors in near real time.

The scope of work requires the analysis of 100% of pharmacy invoices or claims submitted, with a focus on identifying and correcting errors to avoid or reduce overpayments. The vendor must also identify underpayments and detect any inappropriate or erroneous fees imposed. It is important to note that entities performing only annual retroactive audits of pharmacy benefit claims are not eligible for this contract.

Interested parties should submit any questions by March 31, 2026.

Source attribution

This Settle analysis is based on the issuing organization’s public RFP listing.

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