Navigation Links
Report: Independent Drugstores, Policymakers Face New Challenges
Date:8/23/2012

WASHINGTON, Aug. 23, 2012 /PRNewswire-USNewswire/ -- A new report released today by the Pharmaceutical Care Management Association (PCMA) examines how recent Congressional hearings and government investigations have raised serious questions about opaque business practices and pricing strategies within the independent drugstore industry, which now generates $93 billion in annual sales from 23,000 stores nationwide and ranks among America's most profitable small business sectors.

At independent drugstores, the owner, cashier, and book keeper are often one and the same. These factors make independent drugstores more susceptible to irregularities and make oversight more challenging. The new report highlights three basic questions policymakers are asking of independent drugstores:

  • Why are independent drugstores eight times more likely than other pharmacies to submit questionable bills to Medicare?
  • Are independent drugstores exploiting the drug shortage crisis?
  • Why are independent drugstores fighting bipartisan efforts to reduce drug diversion?

"This presents new challenges to policymakers. Though independent drugstores want new laws to reduce accountability, these findings indicate that they may require more—not less—oversight," said PCMA President and CEO Mark Merritt. "The independent drugstore lobby supports HR 1971 and HR 4215 to make pharmacy audits more difficult."

Click here to read the new report: Should Independent Drugstores Be More Accountable? Inquiries into Improper Medicare Billing, Drug Diversion, and Drug Shortage Activities Raise Serious Questions

PCMA represents the nation's pharmacy benefit managers (PBMs), which improve affordability and quality of care through the use of electronic prescri
'/>"/>

SOURCE Pharmaceutical Care Management Association
Copyright©2012 PR Newswire.
All rights reserved

Page: 1 2

Related medicine technology :

1. Pharma IQs Laboratory Informatics Report: Current Trends & Predictions for 2015
2. ShangPharma Independent Committee Appoints Financial Advisor
3. Independa, IDEAL LIFE to Provide Plug-and-Play Health Monitoring for Independent Elderly and Their Caregivers
4. BioDrain Medical Inc. Signs Additional Independent Distribution Agreements, Strengthening Nationwide Presence
5. Pulse Oximetry Screening Hailed as the New Milestone to Combat Critical Congenital Heart Disease - Signal Extraction Technology Leading the Way in Large, Independent Clinical Studies
6. ShangPharma Independent Committee Appoints Chairman and Legal Counsel
7. Cardinal Health Highlights Independent Pharmacy Best Practices At Retail Business Conference 2012
8. Cardinal Health Celebrates Community Pharmacists Commitment to Patient Care at Annual Trade Show for Independent Pharmacies
9. American Oriental Bioengineering Announces Change of Independent Auditors
10. Allscripts Adds Two Independent Directors to Board
11. EnerJel™ Adds 200 Independent Pharmacies To Distribution Base
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:2/26/2015)... 26, 2015  AbbVie (NYSE: ABBV ... in its neuroscience and oncology development programs have ... American Academy of Neurology annual meeting in ... 18-25. The accepted abstracts feature results from studies ... investigational treatments in AbbVie,s pipeline. Presentations will include ...
(Date:2/26/2015)... Feb. 26, 2015  Mobility Ventures LLC, an AM ... Bank of America (NYSE: BAC ) that ... financing of the revolutionary MV-1 - - the world,s ... ground up to provide safe and comfortable transportation for ... their loan to purchase a new MV-1 vehicle at ...
(Date:2/26/2015)... -- Every year many millions of donations are obtained ... year after year doctors and the medical profession continue ... to determine the status of heart health in all ... though that technology is over 100 years old, ... (while most patients do not know) that EKG,s, in ...
Breaking Medicine Technology:AbbVie's Ongoing Research in Neuroscience and Oncology will be Featured at the 2015 American Academy of Neurology Annual Meeting 2AbbVie's Ongoing Research in Neuroscience and Oncology will be Featured at the 2015 American Academy of Neurology Annual Meeting 3AbbVie's Ongoing Research in Neuroscience and Oncology will be Featured at the 2015 American Academy of Neurology Annual Meeting 4AbbVie's Ongoing Research in Neuroscience and Oncology will be Featured at the 2015 American Academy of Neurology Annual Meeting 5AbbVie's Ongoing Research in Neuroscience and Oncology will be Featured at the 2015 American Academy of Neurology Annual Meeting 6AbbVie's Ongoing Research in Neuroscience and Oncology will be Featured at the 2015 American Academy of Neurology Annual Meeting 7Mobility Ventures and Bank of America Announce New Agreement to Simplify Retail Consumer Financing for MV-1 Universally Accessible Vehicle 2Mobility Ventures and Bank of America Announce New Agreement to Simplify Retail Consumer Financing for MV-1 Universally Accessible Vehicle 3National Heart Health Month In February 2
... June 21 Stryker Corporation (NYSE: SYK ) announced today ... per share payable on July 30, 2010 to shareholders of ...   , , , ... world,s leading medical technology companies and is dedicated to helping healthcare professionals perform ...
... Court Judge Sidney A. Fitzwater has given final approval for a ... of premature babies with life threatening medical conditions and killed at least 38 ... the settlement. , , , ... litigation and research to pry relevant information from people trying to hide what ...
Cached Medicine Technology:Fort Worth Attorney Dwain Dent Comments on Final Judgment in Case That Left Hundreds of Babies Dead or Injured 2
(Date:2/27/2015)... Over 440,000 patients die annually as a result of ... jet airplanes crashing each day. Now more than ever before, ... to do all they can to stay safe. , Through ... U.S. Surgeon General, discusses the importance of safer hospitals. “It’s ... safety issues to ensure that all our patients are in ...
(Date:2/27/2015)... 27, 2015 Muscular Dystrophy Association ... Engineering at Duke University, recently announced a potentially ... young men with Duchenne muscular dystrophy (DMD). The ... and Gersbach will discuss their implications at MDA's ... in Washington, D.C. , Background: Gersbach and ...
(Date:2/27/2015)... Over 440,000 patients die each year as a ... educate readers on how they can take control of their ... a guide to educate and inspire readers to learn more ... safe with tips on topics ranging from hospital to anesthesia ... the print publication. He recently spoke to Mediaplanet ...
(Date:2/27/2015)... 27, 2015 With cases of head ... concerned parents look to school administrations to help prevent the ... head lice is a common parasite that passes easily among ... causing parents and teachers significant distress. , The answer ... at the school. This would allow parents and teachers to ...
(Date:2/27/2015)... Schenectady, New York (PRWEB) February 27, 2015 ... has been named one of the Best Companies to ... , “Transfinder recognizes the importance of creating a great ... a demanding – yet professionally fulfilling – environment. There’s ... doing great work together,” said Antonio Civitella, president and ...
Breaking Medicine News(10 mins):Health News:Dr. Richard Carmona, the 17th U.S. Surgeon General, and IntelliCentrics Raise Awareness in Mediaplanet’s “Patient Safety” Campaign 2Health News:Statement: New MDA-Funded Genetic Therapy Technique Targets DMD 2Health News:Safe and Sound: Improving Patient Outcomes through Mediaplanet’s “Patient Safety” Campaign 2Health News:South Florida Parents Put Pressure on Schools to Perform Lice Screenings to Prevent Spread of Lice According to One Miami Lice Removal Company Called Lice Troopers 2Health News:Transfinder Named a Best Company to Work for in New York State 2
... simple guidelines can help , TUESDAY, May 25 (HealthDay News) ... decade ago, she scoured the Internet looking for treatments. , ... said Anderson, now community scientific liaison at Kennedy Krieger Institute,s ... nonsense. It was hope. People will try all sorts of ...
... ... to get their important messages across to employees, snap out of it! SnapComms ... , ... May 20, 2010 -- Toronto-based Hoppen Group Incorporated, one of Canada,s top internal communications ...
... ... grill tips and secrets with Sam,s Club - ensuring that you turn out perfectly grilled ... Bentonville, ... a great Memorial Day cookout? Pitmaster, barbecue champion and cookbook author Troy Black shares his ...
... , ... , a leading provider of interoperable workflow solutions, announced today the availability of a ... transitions and close information gaps between systems, departments and facilities through collaboration and clinical ... ...
... ... of its new online health book category with The Myth About Stress by Michael ... , ... AZ (PRWEB) -- Nutri-Health Supplements, LLC, a leader in direct-to-consumer probiotic supplements, announces the ...
... Orders for OPA Digest May ... (PRWEB) -- A ... Mr. William Bode, Esq., managing partner of the law firm of Bode & Grenier, LLP ... starting today. The Digest was originally published in 2004 and contains a summary, organized by ...
Cached Medicine News:Health News:As Autism Web Sites Boom, Experts Urge Caution 2Health News:As Autism Web Sites Boom, Experts Urge Caution 3Health News:The Hoppen Group Announces Partnership with SnapComms Tools 2Health News:The Hoppen Group Announces Partnership with SnapComms Tools 3Health News:Memorial Day Grilling: "How-to" Secrets and Tips from Barbecue Champ Troy Black and Sam's Club For The Perfect Memorial Day Cookout 2Health News:Expert Insights on Health Data Sharing, Collaboration, Quality and Meaningful Use Featured in Latest Carefx Position Paper 2Health News:Expert Insights on Health Data Sharing, Collaboration, Quality and Meaningful Use Featured in Latest Carefx Position Paper 3Health News:New Book Says Good Stress and Probiotics can Change Your Life 2
... reference laboratory and a worldwide leader in ... an extensive test menu of highly complex ... anatomic pathology. Owned by the University of ... half of the nation's university teaching hospitals ...
... is a national reference laboratory and a ... development. ARUP offers an extensive test menu ... in clinical and anatomic pathology. Owned by ... include more than half of the nation's ...
... national reference laboratory and a worldwide leader ... offers an extensive test menu of highly ... and anatomic pathology. Owned by the University ... than half of the nation's university teaching ...
... ARUP Laboratories is a national reference laboratory ... research and development. ARUP offers an extensive ... medical tests in clinical and anatomic pathology. ... Laboratories' clients include more than half of ...
Medicine Products: