The court has sentenced a Fort Worth pharmacy co-owner to prison and ordered he pay restitution for his involvement in a $60 million kickback scheme. The pharmacy owner worked alongside others to create and market compounded medications. These medications are...
Pharmacists And Pharmacies
Pharmacy owners: Two steps before moving forward with an acquisition
The healthcare marketplace is always changing and one way for business leaders to stay at the forefront is with strategic acquisitions. The right acquisition can fuel growth and expansion. Mark Cuban and his recent pharmaceutical venture Cost Plus Drug Co. recently...
Tips to preserve your professional healthcare license
In the meticulously regulated world of healthcare, earning a professional license is akin to holding a key to a sacred trust. It is not merely a permit to practice; it encapsulates years of rigorous study, unwavering commitment, and a steadfast pledge to uphold the...
Regulatory Realities for Texas Pharmacy Owners
As you navigate the complex world of pharmacy operations, it is crucial to stay abreast of the regulatory landscape. A failure to do so can come with harsh consequences. In a recent example, Texas authorities accused two pharmacy owners of healthcare fraud. The...
Pharmacists, a note of caution as role expands.
Just a few decades ago, the role of the local pharmacist was basically to fill prescriptions. These medical professionals could discuss the benefits and risks of various medications, potential concerns for interactions with other medications, and, if we were lucky,...
Pharmaceutical companies take note: DOJ to revaluate mergers
Merger and acquisition (M&A) deals are common within the pharmaceutical industry. Whether pharmacies looking to merge with other pharmacies or labs looking to expand their capabilities, these transactions can help to better ensure progress within the field. But...
What should I know before moving forward with a pharmacy merger?
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...
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...