Frier Levitt Alternative Fee Arrangements and Challenging DIR fees During COVID-19
As COVID-19 grips the national economy, pharmacies are not immune from the financial fallout. Challenging PBMs’ abusive DIR fee recoupments is more important than ever to preserve the viability of independent pharmacy. As pharmacies struggle to pay employees and their benefits, honor financial obligations to vendors, wholesalers, and most importantly to keep patients safe, margins are tightening. During these challenging times, pharmacies should consider taking advantage of Frier Levitt’s Alternative Fee Arrangements (“AFA”) which we offer on certain arbitrations or litigations, including DIR fee matters.
To ensure that pharmacies can continue to serve patients during the COVID-19 crisis, Frier Levitt offers various AFAs to challenge abusive PBM practices. An AFA is an alternative to traditional “hourly billing.” With an AFA, Frier Levitt finds creative and flexible legal fee structures that recognize the current uncertainties. Depending on the nature of the legal issue(s) involved in a particular matter, Frier Levitt may be willing to take on substantial risk and not charge its traditional hourly fees. With respect to numerous complex legal matters, Frier Levitt has extensive knowledge that enables the firm to perform legal work affordably and efficiently. In addition, some arbitrations or litigations, particularly DIR fee matters, do not immediately require extensive involvement by the pharmacy’s representatives. Direct and indirect remuneration or DIR fees are one of the most detrimental policies that have been enacted by the PBM industry against pharmacies in recent history. Frier Levitt has successfully challenged DIR fees and the firm is capable of challenging DIR fees on behalf of pharmacies throughout the country in a cost-efficient manner.
How Frier Levitt Can He
If you and/or your pharmacy have a dispute with a PBM and/or require legal representation during the COVID-19 crisis, but are hesitant to retain legal counsel due to the uncertainty of the COVID-19 crisis, contact Frier Levitt today to learn the different ways in which we may be able to work with you to protect your rights. For more information on alternative fee arrangements, contract Frier Levitt to speak with an attorney.