Texas § 540.0156 AUDITS OF PHARMACY BENEFIT MANAGERS.

Texas Statutes

§ 540.0156 — AUDITS OF PHARMACY BENEFIT MANAGERS.

Texas § 540.0156

Code GVGovernment Code

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Bluebook

Tex. Government Code Code Ann. § 540.0156 (2026).

Text

Sec. 540.0156. AUDITS OF PHARMACY BENEFIT MANAGERS. To obtain greater assurance about the effectiveness of pharmacy benefit managers' internal controls and compliance with state requirements, the commission shall:

(1)periodically audit each pharmacy benefit manager that contracts with a managed care organization; and

(2)develop, document, and implement a monitoring process to ensure that managed care organizations correct and resolve negative findings reported in performance audits or agreed-upon procedures engagements of pharmacy benefit managers.

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Sec. 540.0156. AUDITS OF PHARMACY BENEFIT MANAGERS. To obtain greater assurance about the effectiveness of pharmacy benefit managers' internal controls and compliance with state requirements, the commission shall:
(1) periodically audit each pharmacy benefit manager that contracts with a managed care organization; and
(2) develop, document, and implement a monitoring process to ensure that managed care organizations correct and resolve negative findings reported in performance audits or agreed-upon procedures engagements of pharmacy benefit managers.