Arkansas Code Title 4. Business and Commercial Law § 4-88-802. Definitions

(1) “Pharmacy benefits manager” or “PBM” means an entity that administers or manages a pharmacy benefits plan or program;

(2) “Pharmacy benefits plan or program” means any plan or program that is funded by state dollars to furnish, cover the cost of, or otherwise provide for pharmacist services to individuals who reside or are employed in this state;

(3) “Pharmacist” means a licensed pharmacist as defined in § 17-92-101;

(4) “Pharmacist services” means products, goods, or services provided as a part of the practice of pharmacy as defined in § 17-92-101 to individuals who reside or are employed in this state; and

(5) “Pharmacy” means the same as defined in § 17-92-101.