Frier Levitt recently recovered over $300K held in reserve from a Pharmacy Services Administrative Organization (PSAO), which withheld the funds to due to Generic Effective Rate (GER) adjustments for the calendar year 2018. This is another major win for an independent pharmacy that suffered grave financial harm.
Many pharmacies have begun receiving notices of GER adjustments, ranging from thousands to millions of dollars, without having an opportunity to examine any details. GER deductions have caused heavy financial burden upon the affected pharmacies, some of which were forced to close down their businesses and turn away the patients.
PSAOs will not voluntarily release GER withholdings and some have already begun “escrowing” funds from the point of reimbursement in anticipation of GER adjustments for the calendar year 2019. Frier Levitt assists pharmacies in fighting sudden GER withholdings. Contact Frier Levitt today to speak to an attorney.