South Carolina Code 38-71-2310. Definitions
As used in this article:
Terms Used In South Carolina Code 38-71-2310
- Negotiate: means the act of conferring directly with or offering advice directly to a purchaser or prospective purchaser of a particular contract of insurance concerning substantive benefits, terms, or conditions of the contract, provided that the person engaged in that act either sells insurance or obtains insurance from insurers for purchasers. See South Carolina Code 38-1-20
(1) "Pharmacist" has the same meaning as provided in § 40-43-30(65).
(2) "Pharmacy" has the same meaning as provided in § 40-43-30(67).
(3) "Pharmacy services" has the same meaning as provided in § 38-71-2200(8).
(4) "Pharmacy benefits manager" or "PBM" has the same meaning as provided in § 38-71-2200(10).
(5) "Pharmacy Services Administrative Organization" (PSAO) means an entity that has contracted with pharmacy clients in the State to conduct business on their behalf with third-party payers or pharmacy benefits managers. PSAOs provide administrative services to pharmacies and negotiate and enter into contracts with third-party payers or pharmacy benefits managers on behalf of pharmacies.
(6) "PSAO-pharmacy contract" means a contractual agreement between a PSAO and a pharmacy by which a PSAO agrees to negotiate with third-party payers or pharmacy benefits managers on behalf of a pharmacy.