Borough of Carlstadt Awards Consulting Contract to Payer Matrix LLC (December 2020)
Borough of CarlstadtCity · Carlstadt, NJ- Disclosed value
- Fees equal to 35% of savings on specialty drugs
- From minutes
- Approved
- Dec 2, 2020
The 30-second brief
The Borough of Carlstadt approved the appointment of Payer Matrix, LLC to administer a specialty drug Cost Avoidance Program tied to its self-funded prescription plan, with fees set at 35% of savings achieved. A pilot review found potential alternate funding for 36 claims totaling $184,430.
Payer Matrix LLC holds this consulting contract with Borough of Carlstadt. Its other public contracts on record include work for City of West Valley and Kootenai County.
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Contract details
- Contract type
- Consulting
- Amount
- Fees equal to 35% of savings on specialty drugs
- Document date
- December 2, 2020
- Vendor
- Payer Matrix LLC
- Agency
- Borough of Carlstadt
- Source document
- Borough of Carlstadt Caucus/Finance Meeting Minutes Dec 2 2020 (Minutes)
Payer Matrix LLC's other public contracts
More Borough of Carlstadt contracts
Questions about this contract
Who was awarded the consulting contract by Borough of Carlstadt?
Payer Matrix LLC was awarded this consulting contract by Borough of Carlstadt, as recorded on December 2, 2020. The contract value is Fees equal to 35% of savings on specialty drugs.
How much is the Payer Matrix LLC contract with Borough of Carlstadt worth?
The Payer Matrix LLC contract with Borough of Carlstadt is valued at Fees equal to 35% of savings on specialty drugs, covering consulting work.
What type of contract is this?
This is a Consulting contract, documented as a minutes record.
Where was this contract approved?
This contract appears in Borough of Carlstadt Caucus/Finance Meeting Minutes Dec 2 2020 (Minutes), dated December 2, 2020 from Borough of Carlstadt. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Payer Matrix LLC hold?
Payer Matrix LLC may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.
What is Borough of Carlstadt currently buying?
Explore Borough of Carlstadt's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.