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Board approves formulary changes, renewals and contract extensions; RFPs for TPA and student‑loan support advanced
Summary
The board approved pharmacy and medical formulary updates, authorized a one‑year $50 million renewal with Health Advantage, extended a technology contract for $1.75 million, and directed staff to issue/close several RFPs including for a third‑party administrator and student loan forgiveness support.
The Arkansas State Board of Finance approved updates to employee benefit formularies and cleared several contract and procurement steps intended to maintain and improve benefit administration.
Grama Wallace, representing the employee benefits division, presented pharmacy formulary recommendations for September–November, including dosage changes and a product switch from a Retevmo tablet to a capsule. The board approved the pharmacy…
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