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2021 Maryland Statutes
Insurance
Title 15 - Health Insurance
Subtitle 20 - Pharmacy Services Administrative Organizations
Section 15-2015 - Timely Submission of Remittances
Universal Citation: MD. Insurance Code Ann. § 15-2015 (2021)
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.
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