Pharmacy owners know that merger and acquisition deals are often the key to success in this competitive marketplace. A good deal can serve any number of goals such as expand your market or provide help in an area that you are lacking (such as online presence). Three...
Pharmacists And Pharmacies
Pharmacy acquisition lessons from Amazon
Amazon, a mega-giant in the retail world, has moved into the healthcare arena. Unfortunately for the organization, not every decision Amazon makes regarding this highly regulated industry is successful. The most recent example is the fact that the organization stepped...
What should I know before I sell my pharmacy?
Pharmacy owners looking to sell their practice and move on to the next chapter of their lives can benefit from a basic understanding of the process. Whether looking to sell to a large corporation like CVS or Walgreens or hoping to keep the pharmacy directly in the...
Labs and pharmacies take note, FDA announces regulation change
There are various regulations that help better ensure patient safety when compounding medications. Although mostly beneficial, these regulations can prove challenging for pharmacies as well as diagnostic testing and reference labs. The government will conduct audits...
How has COVID-19 changed pharmacies?
The pandemic fueled change in our family lives, our working lives and even the marketplace as a whole. The pandemic changed every marketplace within our communities, from retail to healthcare. One of the most visible changes within the healthcare marketplace is the...
How do regulations apply when pharmacies use robots?
Pharmacists are, essentially, medication managers. These medical professionals spend years studying and training to provide patients with guidance and information on various medications. In some cases, they may fill prescriptions and discuss benefits and potential...
Government takes steps to add oversite to pharmaceutical mergers
The Federal Trade Commission (FTC), U.S. Department of Justice Antitrust Division, and offices of state attorneys general along with the Canadian Competition Bureau, European Commission Directorate General for Competition, and U.K.’s Competition and Markets...
Feds investigate NY pharmacy, charge owners with healthcare fraud
The United States Department of Justice (DOJ) recently announced criminal charges against two pharmacy owners from New York. According to the feds, the two were part of a $30 million healthcare fraud scheme that included improper use of a new emergency code,...
3 ways HIPAA could change in 2021
The United States Department of Health and Human Services (HHS) recently recommended the government consider making a number of modifications to the Health Insurance Portability and Accountability Act (HIPAA). HHS states the recommendations are part of the agency’s...
Feds gain momentum with EKRA as doc takes plea deal
A group of medical professionals recently accepted plea deals in connection to a healthcare fraud scheme that operated through the country. The group had operations set up in multiple states, including New Jersey, Maryland, California. According to feds, the group...