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 15-2009 – Review Authority Not Diminished
This subtitle may not be construed to diminish the authority of the Office of the Attorney General or the Commissioner to obtain information relating to a pharmacy services administrative organization and use the information in any proceeding.
Section 15-2010 – Filing of Contract or Amendment to Contract
(a) A pharmacy services administrative contract or an amendment to a pharmacy services administrative contract or a contract or an amendment to a contract between a pharmacy services administrative organization, on behalf of an independent pharmacy, and a pharmacy benefits manager or group purchasing organization may not become effective unless: (1) at least 60 days before the […]
Section 15-2011 – Provision of Certain Documents by Pharmacy Services Administrative Organization — Confidential
(a) A pharmacy services administrative contract shall include a provision that requires the pharmacy services administrative organization to provide to the independent pharmacy a copy of any contracts, amendments, payment schedules, or reimbursement rates within 5 working days after the execution of a contract, or an amendment to a contract, signed on behalf of the independent […]
Section 15-2012 – Disclosure of Ownership or Control to Commissioner — Notification of Changes
(a) Each pharmacy services administrative organization shall disclose to the Commissioner the extent of any ownership or control of the pharmacy services administrative organization by any parent company, subsidiary, or other organization that: (1) provides pharmacy services; (2) provides prescription drug or device services; or (3) manufactures, sells, or distributes prescription drugs, biologics, or medical devices. (b) Each pharmacy services […]