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Creation and Maintenance of a Preferred Drug List and Supplemental Rebate Program
New Mexico Health Care Authority
Buyer seeks a qualified contractor to develop and maintain a preferred drug list and supplemental rebate program for the state's Medicaid program. The contractor will establish a Pharmaceutical and Therapeutics Committee, negotiate supplemental rebates with manufacturers, and process rebate payments. Currently, Fee-for-Service Medicaid does not have an aligned preferred drug list, representing an opportunity for cost savings within the state. The program covers 838,000 lives with nearly 167,000 in Fee-for-Service.
- 4/16/2025 - Issue RFP
- 4/23/2025 - Acknowledgement of Receipt Form
- 4/25/2025 - Deadline to Submit Written Questions
- 4/30/2025 - Response to Written Questions
- 5/12/2025 - Proposal Due Date
- Create and maintain a preferred drug list (PDL)
- Establish a Pharmaceutical and Therapeutics (P&T) Committee
- Negotiate supplemental rebate agreements with pharmaceutical manufacturers
- Process and collect supplemental rebates
- Present clinical monographs at P&T Committee meetings
- Develop prior authorization and step-care criteria
- Analyze rebate data to enhance savings
- Produce systematic therapeutic class reviews
- Invoice for medications dispensed in Fee-for-Service and Managed Care
- Interface with PBA and other vendors
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