Pharmacy Ownership Lawyers
When opening, closing, or during times of need affects your pharmacy, we’ll be happy to help. There are many complexities in owning a pharmacy and there can be bumps in the road during your career. A skilled attorney with experience in healthcare law is what you need. We’ll represent you during licensing, audits, transfers of ownership, and just about any other legal event, you could possibly encounter. Attempting to take on complex legal matters could force you to need an attorney if not handled correctly. This informative article will address how a pharmacy attorney could benefit your business and when to hire one.
Opening a New Pharmacy
Opening a pharmacy is probably a dream come true. Keeping it that way is where an attorney can help. You’ll not only have to deal with all the licensing of opening any business, but you’ll need pharmacy industry specific licensing as well. Contracts for drug companies and employees are also important. Many of these contracts address “kickback” laws and other issues such as DEA licensure. Ensuring that your employees have the legally required resources they need such as a policy handbook are also incredibly important. An attorney also helps with traditional business licensing, incorporation, and proofing all legal information you’re provided with by others. It can be an incredibly stressful time in your life and a pharmacy attorney can help alleviate some of it for you.
Legal Matters Along the Way
A relationship with the state-level pharmacy regulators and the DEA is inevitable. You’ll also have to ensure that you’re compliant with Medicare, Medicaid, and third-party insurers as well. Losing these valuable credentials can be devastating for a pharmacy. Audit support is also available and is routinely handled by healthcare attorneys. Matters of suspicion involving drug diversion are also an invaluable service that our attorneys provide. You’ll need to know how and when to respond to legal matters that present themselves along the way. Risking licensure and even charges of insurance fraud simply aren’t worth the risk.
Closing a Pharmacy or Transferring Ownership
Since pharmacies are so strictly regulated, even the closure or transfer of ownership can present significant legal matters. One of the most common causes of license or DEA credential revocation is not accurately handling these matters. In retirement, the pharmacy owner may want to work as a traditional pharmacist and finds that their personal license is at stake of being revoked due to failing to meet reporting requirements. These matters are easily avoidable through having an attorney oversee the entire process.
Handling Legal Matters Alone
In such a highly regulated industry, it’s inadvisable to handle legal matters in healthcare. This is a highly complex area of the law that includes many different parts. If a matter is handled incorrectly or even if you fail to respond to a DEA or state-agency request, you could face civil and criminal penalties for your actions. Since prescription abuse is a rather prominent issue in recent history, it’s more important than ever to make sure your pharmacy doesn’t risk matters that are known to cause problems when handled improperly.
Get Our Team to Work for You
Retaining a pharmacy attorney is much easier and affordable than you’d think. Our office is always happy to provide insight on how we’d be able to benefit your business. Whether you’re new to things, are retiring or closing your business, or are currently facing legal issues, we’ll do our best to fight for your business. Get in touch with us to schedule an appointment and see how our skilled pharmacy attorneys can help, today!
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