A piece of legislation aimed at regulating pharmacy benefit managers (PBMs) and protecting Independent Pharmacies in the State of Tennessee recently passed through the State’s House and Senate and was subsequently signed into law by Governor Bill... Read More
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Inventory maintenance, a routine undertaking in most businesses, is among the most crucial tasks performed by pharmacists and may have profound repercussions if not handled accurately.  In particular, inventory shortages are common discrepancies... Read More
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PBMs have historically accepted pharmaceutical manufacturer coupons so long as the usage of such coupons complies with both state and federal law.  Recently, however, PBMs have begun to allege technical breaches of the contract for a pharmacy’s... Read More
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PBMs are notorious for auditing pharmacies with the intent of seeking large recoveries, including a clawback of the entire reimbursement amount paid on a prescription claim in addition to an audit fee proportionate to the recovery amount. Audits... Read More
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The Governor of Oklahoma, Kevin Stitt, recently vetoed Senate Bill 821, a bill that was intended to level the playing field as between pharmacy benefit managers (PBMs) and smaller independent pharmacies operating in Oklahoma. Specifically, the bill... Read More
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Pharmacy Benefit Managers (“PBMs”) utilize audits to monitor a pharmacy’s performance and recover any payments made improperly to pharmacies. While the stated purpose is to ensure that pharmacies are in compliance with a particular PBM’s... Read More
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As a follow-up to our May 18, 2021 article, the bipartisan piece of legislation that unanimously passed the Texas House and Senate aimed at regulating pharmacy benefit managers (PBMs) was signed into law by Governor Greg Abbott. This is a huge win... Read More
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Frier Levitt has reported in the past about Rochester Drug Cooperative (“RDC”), including how its guilty plea with the federal government for its role in the opioid crisis demonstrated major compliance failures from which other pharmacies should... Read More
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As we reported here, Pharmacy Benefit Managers (“PBMs”) have been conducting series of audits on prescription claims that were submitted by pharmacies during the novel coronavirus (“COVID-19”) pandemic.  The same trend has been observed in... Read More
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