Tenders/RFP - Pharmacy Benefit Managers Oversight and Reform Implementation Services

Open🇺🇸United StatesServices

RFP - Pharmacy Benefit Managers Oversight and Reform Implementation Services

INS - Insurance

Published: Aug 15, 2026

Updated: Aug 15, 2026

Source: illinois_bidbuy

About This Opportunity

This is a services contract in the finance and banking and governance and public administration sectors, with a focus on Insurance. Located in United States, North America, this opportunity is open to firms and consortiums. Proposals must be submitted before September 28, 2026.

Published through Illinois BidBuy, a national government procurement portal. Public procurement tenders follow the country's national bidding regulations and may have specific eligibility and documentation requirements for services in the finance and banking sector. Service contracts are typically evaluated on both technical quality and price, and may require bidders to demonstrate relevant experience and qualified personnel. Interested parties should review the full documentation on the original source before submitting their proposal.

Description

This tender is a Request for Proposal (RFP) for Pharmacy Benefit Managers (PBM) Oversight and Reform Implementation Services. Issued by the Illinois Department of Insurance (INS) under Bid Solicitation # 26-446DOI-FINAD-B-50721, this procurement seeks expert services to oversee the operations of Pharmacy Benefit Managers and to implement reforms within the prescription drug benefit system in the United States. PBMs play a significant role in managing prescription drug costs and access for health insurance plans. The contracting authority is looking for services that may include auditing PBM practices, analyzing contract terms, developing and implementing policies to ensure fairness and transparency, negotiating rebates, and monitoring drug pricing. Typical requirements for such a service provider would involve deep expertise in pharmacy benefits, healthcare economics, regulatory compliance, and data analysis. The goal is to improve the efficiency, cost-effectiveness, and equity of prescription drug programs, ultimately benefiting consumers and the state's healthcare system.

Data provenance

This notice is sourced from Illinois BidBuy and was originally published on August 15, 2026. Last refreshed today. BidsFactory mirrors official procurement notices and links back to the source for full legal text.

About INS - Insurance

INS - Insurance has issued 6 procurement notices on BidsFactory, including 1 currently open and 0 awarded contracts. Activity concentrates in Governance & Public Administration, Finance & Banking, and Energy & Power. All notices are published for United States. Notices are distributed via Illinois BidBuy. Most recent publication: August 15, 2026.

Frequently asked questions about this tender

How can I submit a bid?

Visit Illinois BidBuy to access the full notice, required documents, and submission instructions provided by the contracting authority.

When does this tender close?

The submission deadline is September 28, 2026. You have 44 days left to prepare and submit your proposal to the contracting authority.

Who is the contracting authority?

This notice was issued by INS - Insurance in United States. The authority is responsible for evaluating bids, awarding the contract, and managing performance.

What type of contract is this?

This is a Services contract in the Finance & Banking sector. The classification helps bidders match the opportunity to their qualifications and registered scope of supply.

Where will the contract be performed?

The contract is for delivery in United States. Foreign bidders should review local registration, taxation, and any in-country presence requirements before submitting.