RS 1660.1 - Short title; definitions
A. 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.
Acts 2021, No. 192, §1.