Label
Pharmacy Benefit Manager
Optum Rx
Human Resources
Tyrome Alexander (x1031)
Title
Authorizing the mayor to enter into an agreement with OptumRx, Pharmacy Benefit Manager; for the provision of prescription drug benefit management services for the City of Toledo's covered employees, for a period of three (3) years, and further authorizing the expenditure of funds; and declaring an emergency.
Body
SUMMARY & BACKGROUND:
The City of Toledo's contract with OptumRx, the incumbent Pharmacy Benefit Manager, expires on May 31, 2022
The City of Toledo's Department of Human Resources sought competitive proposals in accordance with law and received three (3) responsive proposals. The Department of Human Resources reviewed each proposal with consultation from representatives of the Department of Law, the Department of Finance, McGohan Brabender (the City's benefits consultant team), and the Healthcare Cost Containment Committee. It was determined that OptumRx presented the best and lowest proposal. It is estimated that the administrative fee cost associated with this agreement will be approximately $58,000.00 per year.
Summary
NOW, THEREFORE, Be it ordained by the Council of the City of Toledo:
SECTION 1. That the Mayor is authorized to enter into an agreement with OptumRx, to provide Pharmacy Benefit Manager Services for a period of three (3) years, commencing June 1, 2022, and ending May 31, 2025. Such agreement shall contain terms and conditions deemed proper and requisite according to the Mayor, the Director of Law, and the Director of Human Resources.
SECTION 2. That expenditures for pharmacy benefit management services are authorized from Account Code 7083-17100-537410-1156001STDSTD. That said costs shall then be allocated to Account Code 517400 (Medical Insurance) within the various City organization units.
SECTION 3. That the Director of Finance is authorized to draw their warrant or warrants against the above account code in ...
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