Up to date information in the field of Independent Pharmacy written by the PRS Pharmacy Consulting Experts and Pharmacists for Pharmacy Owners. Experience Matters.
So you want to own an independent retail pharmacy but you’re not certain where to begin? Owning an independent retail pharmacy is not like owning just any business, there are many factors to weigh and consider that make owning a pharmacy business a unique and challenging experience. Let’s start by answering a few initial questions: Is it better to purchase an existing pharmacy, or start one from scratch? Purchasing an existing pharmacy that already has cash flow is the best
Attention CLIA Certified Pharmacies: Over ten thousand Pharmacies have a CLIA Certificate of Waiver. Most of these Pharmacies have been providing CLIA waived testing as a cash service only, increasing revenue and helping to offset dropping reimbursements and DIRS. But earlier this month, CMS issued an MLN Matters Article allowing Pharmacies with CLIA Certification already enrolled in Medicare to fast-track a temporary enrollment as an independent clinical diagnostic laboratory to help combat the spread of COVID-19 during the public
We wanted to write a short blog post today to cover the HIPAA and the CARES Act. The Coronavirus Aid, Relief, and Economic Security Act (CARES Act) was signed into law by President Trump on 3/27/2020. In this law, you will come across a reference to HIPAA. As many of you may know, we have been expecting some updates to the HIPAA Regulations for a few years now. Is this the HIPAA update we have been waiting to see? No,
COVID-19. We all know what it is by now – no need to explain further. For specific information about COVID-19 from the experts, please visit the CDC website, Coronavirus Disease 2019 (COVID-19). In this blog, we will cover regulations and actions your Pharmacy can take to help your staff, patients, and community stay healthy. We will also share links to various websites with relevant information for Pharmacy. COVID-19 and HIPAA For the most part, the HIPAA Rules remain the same,
The next area we want to discuss is breaches – the cause of most audits. Almost all covered entities will have a breach in the privacy of protected health information (PHI). Ultimately, by ensuring you have enacted the appropriate policies and procedures, performed your risk analysis and management plan, developed appropriate technical and physical safeguards, and trained your employees, you are doing all you can to prevent these breaches from occurring. However, even with all of this, breaches still happen.
HIPAA is an area of compliance that has been around for a while now – almost 17 years. Over this long period of time, the Federal Government has continuously increased the level of scrutiny and amount of fines they have placed on Covered Entities (including Pharmacies). Because HIPAA has been in effect for so long, there is no excuse to be noncompliant. The first time the Office of Civil Rights (OCR; the Federal entity responsible for HIPAA enforcement) comes knocking, it is typically the result of a privacy breach or a complaint received by a consumer (or whistleblower). Depending on the circumstances of the breach or event, the OCR may conduct an investigation. During an
Déjà vu? It was only 5 years ago that we saw the Windows XP “End of Life” occur. Now, it is time for Windows 7. Windows 8’s “End of Life” will occur in January 2023. On January 14, 2020, Microsoft will end support for Windows 7. This means if you are currently running Windows 7 on any of your computers you will no longer receive security updates from Microsoft. These security updates and patches address vulnerabilities that if exposed could