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Healthcare Management Administrators (HMA) 2/20/2025
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Healthcare Management Administrators (HMA) 2/20/2025
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Last modified
3/5/2025 11:14:50 AM
Creation date
3/5/2025 11:13:13 AM
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Contracts
Contractor's Name
Healthcare Management Administrators (HMA)
Approval Date
2/20/2025
End Date
12/31/2025
Department
Human Resources
Department Project Manager
Chelsi Bardwell
Subject / Project Title
HMA 2025 Renewal
Tracking Number
0004705
Total Compensation
$372,032.00
Contract Type
Agreement
Contract Subtype
Professional Services (PSA)
Retention Period
6 Years Then Destroy
Imported from EPIC
No
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Proving What’s Possible in Healthcare <br />This document contains important terms and conditions which are incorporated by reference into and becomes <br />part of the terms of your contract with us. ©2024, Healthcare Management Administrators, Inc. <br />Pharmacy Benefits* <br />Pharmacy Pricing and Fee Components <br />Retail Non-Specialty Pharmacy –National Network PPO or HDHP <br />National Network Brand Discount AWP –19.00% <br />Retail 90 Day Network Brand Discount AWP –19.25% <br />Generic -Flat Discount AWP –86.00% <br />Dispensing Fee National Network-Brand and Generic per Claim $0.40 <br />Dispensing Fee Retail 90 Day-Brand and Generic per Claim No Dispensing Fee <br />Mail Order/Maintenance Pharmacy PPO or HDHP <br />Brand-Flat Discount AWP –25.00% <br />Generic -Flat Discount AWP –88.50% <br />Dispensing Fee Brand and Generic per Claim No Fee <br />Specialty at Retail PPO or HDHP <br />Brands AWP –17.5% + $0.40 Dispensing Fee <br />Generic AWP –40.00% + $0.40 Dispensing Fee <br />Specialty at Retail Limited Distribution Drugs <br />(With & Without Access)AWP –10.00% + $.0.40 Dispensing Fee <br />Client-Owned Pharmacies PPO or HDHP <br />Brand Pass Through Rates and Fees <br />Generic Pass Through Rates and Fees <br />Dispensing Fee Pass Through Rates and Fees <br />Mail/Maintenance Choice PPO or HDHP <br />Brand AWP-19.50% <br />Flat Generic Discount AWP-91.75% <br />Dispensing Fee (Brand & Generic)$0.00 per claim <br />Administrative Fees PPO or HDHP <br />Client Owned Pharmacy Administration Fee $1.50 per claim <br />Electronic Claim Administration Fee $0.00 per claim <br />Manual Claim Administration Fee $1.50 per claim <br />17 <br />*Please Note: <br />•Other fees, terms and conditions apply –please see the CVS/Caremark Add’l Fees, Pricing, Terms & Condition section. <br />•Please see Participating Group Agreement and supplement documents for full Terms and Conditions. <br />•Standard implementation requires a minimum of 100 days prior written notice. PrudentRx requires a minimum of 130 days <br />prior written notice. <br />CVS Health is one of the largest Pharmacy Benefit Managers in the United States and one of the leading <br />PBMs in the self-funded insurance industry. We contract with CVS/Caremark to offer high-quality <br />affordable prescription benefits. Clients may choose between a range of formularies designed to <br />address each client’s benefits strategy and deliver the lowest net cost. <br />Effective in January 2024, CVS Health partnered with GoodRx to introduce a new Cost Saver program. <br />This program is included at no cost to the client or member and runs as a behind-the-scenes, real-time <br />program so the member receives the lowest net price while at a network pharmacy on a selection of <br />medications.Rates as follows are for clients on our contract and <br />are effective January 2025 –December 2025.*
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