SB111,1539,1313 10. Providing management and analysis of payment and drug dispensing data.

SB111,1539,1414 11. Providing resources for retail cash cards.

SB111,1539,1715 (b) “Independent pharmacy" means a pharmacy operating in this state that is
16licensed under s. 450.06 or 450.065 and is under common ownership with no more
17than 2 other pharmacies.

SB111,1539,1818 (c) “Pharmacy benefit manager” has the meaning given in s. 632.865 (1) (c).

SB111,1539,2019 (d) “Pharmacy services administrative organization” means an entity
20operating in this state that does all of the following:

SB111,1539,2221 1. Contracts with an independent pharmacy to conduct business on the
22pharmacy's behalf with a 3rd-party payer.

SB111,1539,2523 2. Provides at least one administrative service to an independent pharmacy
24and negotiates and enters into a contract with a 3rd-party payer or pharmacy benefit
25manager on behalf of the pharmacy.

SB111,1540,3

1(e) “Third-party payer” means an entity, including a plan sponsor, health
2maintenance organization, or insurer, operating in this state that pays or insures
3health, medical, or prescription drug expenses on behalf of beneficiaries.

SB111,1540,8 4(2) Licensure. (a) A person may not operate as a pharmacy services
5administrative organization in this state without a pharmacy services
6administrative organization license. In order to obtain a license, a person shall apply
7to the commissioner in the form and manner prescribed by the commissioner. The
8application shall include all of the following:

SB111,1540,109 1. The name, address, telephone number, and federal employer identification
10number of the applicant.

SB111,1540,1211 2. The name, business address, and telephone number of a contact person for
12the applicant.

SB111,1540,1313 3. The fee under s. 601.31 (1) (nw).

SB111,1540,1414 4. Evidence of financial responsibility of at least $1,000,000.

SB111,1540,1515 5. Any other information required by the commissioner.

SB111,1540,1716 (b) The term of a license issued under par. (a) shall be 2 years from the date of
17issuance.

SB111,1540,21 18(3) Disclosure to the commissioner. (a) A pharmacy services administrative
19organization shall disclose to the commissioner the extent of any ownership or
20control of the pharmacy services administrative organization by an entity that does
21any of the following:

SB111,1540,2222 1. Provides pharmacy services.

SB111,1540,2323 2. Provides prescription drug or device services.

SB111,1540,2524 3. Manufactures, sells, or distributes prescription drugs, biologicals, or medical
25devices.

SB111,1541,3

1(b) A pharmacy services administrative organization shall notify the
2commissioner in writing within 5 days of any material change in its ownership or
3control relating to an entity described in par. (a).

SB111,1541,4 4(4) Rules. The commissioner may promulgate rules to implement this section.

SB111,2959 5Section 2959 . 632.865 (1) (a) of the statutes is renumbered 632.865 (1) (aw).

SB111,2960 6Section 2960 . 632.865 (1) (ae) and (ak) of the statutes are created to read:

SB111,1541,77 632.865 (1) (ae) “Health benefit plan” has the meaning given in s. 632.745 (11).