Section 15-2002 – Registration as Pharmacy Services Administrative Organization — Requirements
(a) On or after July 1, 2021, a pharmacy services administrative organization shall register with the Commissioner as a pharmacy services administrative organization before providing services as a pharmacy services administrative organization in the State to independent pharmacies. (b) An applicant for registration shall: (1) file with the Commissioner an application on the form that the Commissioner provides; […]
Section 15-2003 – Expiration or Renewal of Registration
(a) A pharmacy services administrative organization registration expires on the second September 30 after its effective date unless it is renewed as provided under this section. (b) A pharmacy services administrative organization may renew its registration for an additional 2–year term if the pharmacy services administrative organization: (1) otherwise is entitled to be registered; (2) files with the Commissioner […]
Section 15-2004 – Registration Prerequisite to Agreements or Contracts
A pharmacy services administrative organization that has not registered with the Commissioner may not enter into an agreement or a contract with an independent pharmacy or a pharmacy benefits manager.
Section 15-2005 – Basis of Denial of Registration or Suspension or Revocation
Subject to the applicable hearing provisions of Title 2 of this article, the Commissioner may deny a registration to a pharmacy services administrative organization or refuse to renew, suspend, or revoke the registration of a pharmacy services administrative organization if the pharmacy services administrative organization, or an officer, a director, or an employee of the […]
Section 15-2006 – Recordkeeping Requirements
A pharmacy services administrative organization shall maintain adequate books and records regarding each independent pharmacy for which the pharmacy services administrative organization provides services as a pharmacy services administrative organization: (1) in accordance with prudent standards of record keeping; (2) for the duration of the agreement between the pharmacy services administrative organization and the independent pharmacy; and […]
Section 15-2007 – Review by Commissioner — Expense
(a) Whenever the Commissioner considers it advisable, the Commissioner may examine the affairs, transactions, accounts, and records of a registered pharmacy services administrative organization. (b) The examination shall be conducted in accordance with § 2–207 of this article. (c) The expense of the examination shall be paid in accordance with § 2–208 of this article. (d) The reports of […]
Section 15-2008 – Adoption of Regulations
The Commissioner may adopt regulations to implement this subtitle.
Section 15-1623 – Requirements Before Entering Into Contract
(a) Before entering into a contract with a purchaser, a pharmacy benefits manager: (1) as applicable, shall inform the purchaser that the pharmacy benefits manager may: (i) solicit and receive manufacturer payments; (ii) pass through or retain the manufacturer payments depending on the contract terms with a purchaser; (iii) sell aggregate utilization information; and (iv) share aggregate utilization information with other […]
Section 15-1624 – Rebate Sharing Contract
(a) If a purchaser has a rebate sharing contract, a pharmacy benefits manager shall offer to provide the purchaser a report for each fiscal quarter and each fiscal year that contains the amount of the: (1) net revenue of the pharmacy benefits manager from sales of prescription drugs to purchasers made through the pharmacy benefits manager’s network […]
Section 15-1625 – Effect of Part
This part does not diminish the authority of the Office of the Attorney General or the Commissioner to obtain information relating to a pharmacy benefits manager and use the information in any proceeding.