AR HB1620

Requires pharmacy benefits managers (PBMs) to pay clean claims within 7-14 days for electronic submissions and 30 days for paper claims, effective January 1, 2026

Imposes a 12% per month penalty on PBMs for late payments to pharmacies, calculated from the day after the required payment date until proper payment is made

Expands the definition of "audit" to include prescription validation requests that require additional information after point-of-sale processing or involve attempted recoupment of funds

Extends the Arkansas Pharmacy Audit Bill of Rights to apply to Arkansas Medicaid Program audits, including those conducted by contracted vendors

Requires pharmaceutical manufacturers using vendors or PBMs to process manufacturer coupons to hold an active wholesale distributor permit and ensure their intermediaries comply with timely payment requirements