Independent pharmacies that wish to participate in the Express Scripts Network must provide a $500,000 performance bond and pass the E.S. credentialing process. A provider (pharmacy) must provide the contract surety bond to guarantee that it will adhere to all of the provisions of the contract between the parties. The bond serves as a "financial guarantee" against the potential exposures that Express Scripts assumes with regards to medical plan sponsors.
Per the obligee, the Express Scripts performance bond must be issued by a licensed surety company that has achieved an A.M. Best rating of A-VII or better, and must run continuously for a period of no less than two (2) years. Upon expiration of the obligation, Express Scripts may waive the bond requirement or require the provider to provide a replacement surety bond.
Questions about contracting with Express Scripts or about the application and performance bond requirements may be emailed to PharmacyContracts@express-scripts.com. Pharmacies may create an initial account at ESIProvider.com. A NCPDP number is required.
Network Credentialing HQ 2W02
1 Express Way
St. Louis, MO 63121
(866) 515-3482 (facsimile ~ Include NCPDP number on all documents)
(888) 571-8182 (HQ)
Surety bonds are a type of unsecured credit, in this case in the amount of one half million dollars. Creditworthiness and financial strength are important to underwriting and quoting the Express Scripts performance bond. We will need the following:
National surety bond leader, Surety One, Inc. provides all of the surety bonds required by the medical billing and program service provider sector. Do you also act as an intermediary in the sale or delivery of durable medical equipment? You will need a DMEPOS bond. More questions? Call (800) 373-2804, email Underwriting@SuretyOne.com or click here for a live chat with one of our underwriters.
Surety bond application review and quoting are free of charge. There is no obligation to purchase.