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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 />4. (Continued) <br />MRx may contract with and/or utilize the services of a rebate aggregator to contract with and collect rebates from <br />pharmaceutical manufacturers. The aggregator may retain a portion of the rebates and earn administrative fees for its <br />services. <br />In addition to Rebates, MRx may earn additional amounts from pharmaceutical manufacturers and/or others. For example, <br />MRx may earn administrative and/or service fees relating to administration of the Rebate program, and fees for other <br />services rendered by MRx to such manufacturers unrelated to the administration of rebates, such as adherence and <br />compliance programs, other patient support and similar services. MRx Affiliates may also receive purchase discounts <br />relating to purchases of drugs for dispensing from the Mail Order Pharmacy or Specialty Pharmacy. The amounts described <br />in this paragraph are not “Rebates” under this Agreement. <br />All pricing in this document is available to our new clients that become Sponsor Groups on and after the effective date of <br />this document and to existing Sponsors on the effective date. <br />If a Sponsor terminates either their PBM contract thru us or terminates with us altogether, and has passed runout, the <br />Sponsor will be responsible for paying directly to MagellanRx any Medicare or Medicaid claims that are billed up to three (3) <br />years after date of service. <br />The pricing terms in this Agreement are based in part upon the Benefit Design (including but not limited to the Formulary), <br />and other information provided by Sponsors or us to MRx during the proposal process. If a Sponsor makes any changes to <br />the Benefit Design, makes other changes to its Plan(s), or if five percent (5%) of Claims are incurred collectively in <br />Massachusetts, Hawaii, Alaska, Georgia, and Puerto Rico, or other changes occur, that constitute a material departure from <br />MRx’s underwriting assumptions, including any relating to the mix of 350B Claims or those based on information provided by <br />Sponsors or us, the Parties agree to modify the terms of this pricing as of the effective date of such event/change to return <br />MRx to its relative economic position prior to such event/change. <br />In the event Sponsor terminates Administrative Services Agreement with us, we may use pharmacy rebates as a set-off <br />against amounts due to us from Sponsor or may delay remittance of these rebates to allow for final adjustments. <br />Sponsor acknowledges that MagellanRx provides an administrative credit to us in compensation for the services provided <br />including enrollment processing, invoice processing and customer service among other duties. We have credited the <br />Medical Administration fee under this acknowledgement. We have also has considered the receipt of this administrative <br />allowance in the calculation of the Plan’s TPA fees. <br />In the event a change in Law (including any interpretation of same) occurring after this Agreement has been signed <br />materially impacts MRx’s costs of providing any of the PBM Services hereunder, or if an action by a pharmaceutical <br />manufacturer, any unscheduled patent expiration/availability of over-the-counter products, a drug withdrawal or recall, or <br />industry-wide market change constitutes a material departure from MRx’s underwriting assumptions, the Parties will make an <br />equitable modification to the pricing terms of this Schedule B as of the effective date of such event/change. In the event o f <br />any increase in postage or carrier rates announced after this Agreement is signed, MRx will amend the Dispensing Fee <br />relating to the Mail Order Pharmacy or Specialty Pharmacy, as applicable, to reflect such increased amount. <br />32 <br />Pharmacy Benefits <br />Additional fees, pricing, terms and Conditions as follows are for Sponsors on our contract and <br />are effective January 2025 –December 2025.
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