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Code · Louisiana · Title 22 — Insurance

RS 22:1660.1

109 words·~1 min read·/la/title-22/22-2534

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RS 22:1660.1
PART III-A. PHARMACY SERVICES ADMINISTRATIVE ORGANIZATIONS
§1660.1. Short title; definitions
A. This Part may be cited as the "Louisiana Pharmacy Services Administrative Organization Licensing Act".
B. As used in this Part, the following definitions apply:
(1)"Pharmacy services administrative organization" means an entity that provides a contracted pharmacy with administrative, contracting, or payment services relating to prescription drug benefits.
(2)"Pharmacy services administrative organization contract" means a contractual agreement between a pharmacy services administrative organization and a pharmacy under which a pharmacy services administrative organization agrees to negotiate with pharmacy benefit managers or third-party payers on behalf of one or more pharmacies.
Acts 2021, No. 192, §1.
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