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Frier Levitt Reverses PBM Termination for Texas-based Independent Pharmacy

A Texas-based pharmacy was facing termination from PBM's networks over a $20k audit amount for alleged inventory shortages and overbilled quantities. The PBM was terminating the pharmacy on a small number of errors despite the pharmacy's much larger claims volume. Following an extensive appeal of termination, Frier Levitt was able to reverse the termination. Frier Levitt works with pharmacies facing PBM audits on a routine basis. Contact us today to...

Teladoc Inc. Drops Antitrust Suit After Texas Expands Telemedicine

Last week, Teladoc Inc. dropped its federal antitrust lawsuit against the Texas Medical Board related to the Board's requirement that a face-to-face encounter occurs prior to a telemedicine encounter in the state. In the lawsuit which began in 2015, Teladoc alleged that the Board's rules were intended to stifle competition, particularly with respect to the in-person contact requirements of practitioners and patients, which favored and protected brick-and-mortar physicians while limiting...

Iowa Board of Pharmacy Implements New Requirements for Non-Resident Pharmacies Seeking Registration

On January 1, 2018, new rules recently approved by the Iowa Board of Pharmacy (Board) will become enforceable, affecting nonresident pharmacies that are licensed, or seeking to become licensed, with the state. In particular, the State will now require that every nonresident pharmacy seeking to deliver, dispense, or distribute prescription drugs or devices to an ultimate user in Iowa, must ensure that its Pharmacist-in-Charge (PIC) is registered with the state....

A Multi-Dimensional Approach to Building Practice Value for Plastic Surgeons

Treat Your Medical and Spa Business to a Financial Facelift A White Paper addressing the reasons why Plastic Surgeons  should consider separating their Clinical Practice from Spa Services and the value it creates. By Daniel B. Frier, Esq., Michael Berry, ChFC, and Marc H. Lion CPA, CFP Download PDF of this White Paper Engaging an innovative team of financial professionals allows our clients to reduce their tax burden, cut costs, retain more...

Frier Levitt Helps Seller Complete Over $3MM Pharmacy Transaction

Frier Levitt recently provided counsel on the sale of three pharmacy locations, office and warehouse space, and a Durable Medical Equipment provider, located in New York. The total value of the transaction was over $3MM. This complex transaction involving five purchasers consisted of multiple smaller transactions, ranging from lease assignments to surrender and reissuance of stock in various companies. As with all pharmacy transactions, special attention was required to assure...