Maryland Code, INSURANCE 15-2015
Current as of: 2023 | Check for updates
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Terms Used In Maryland Code, INSURANCE 15-2015
- Contract: A legal written agreement that becomes binding when signed.
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.
