A pharmacy services administrative contract shall:
(1) require all remittances for claims submitted by a pharmacy benefits manager or purchaser on behalf of an independent pharmacy to be passed by the pharmacy services administrative organization to the independent pharmacy within a reasonable amount of time; and
(2) specify the reasonable amount of time in which the pharmacy services administrative organization is required to pass the remittances received from the pharmacy benefits manager or purchaser to the independent pharmacy.
Structure Maryland Statutes
Subtitle 20 - Pharmacy Services Administrative Organizations
Section 15-2002 - Registration as Pharmacy Services Administrative Organization -- Requirements
Section 15-2003 - Expiration or Renewal of Registration
Section 15-2004 - Registration Prerequisite to Agreements or Contracts
Section 15-2005 - Basis of Denial of Registration or Suspension or Revocation
Section 15-2006 - Recordkeeping Requirements
Section 15-2007 - Review by Commissioner -- Expense
Section 15-2008 - Adoption of Regulations
Section 15-2009 - Review Authority Not Diminished
Section 15-2010 - Filing of Contract or Amendment to Contract
Section 15-2012 - Disclosure of Ownership or Control to Commissioner -- Notification of Changes
Section 15-2015 - Timely Submission of Remittances
Section 15-2016 - Certain Contractual Requirements Prohibited -- Certain Disclosures to Commissioner
Section 15-2017 - Confidentiality of Disclosures