Current with changes from the 2024 Legislative Session
Section 22:1660.1 - Short title; definitionsA. 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.Added by Acts 2021, No. 192,s. 1, eff. 8/1/2021.