Here are five highlights:
1. The legislation was enacted to supervise financial deals between physicians and pharmacies resulting in possible kickbacks.
2. Republican Sen. Charles Schwertner proposed the law because of compounding pharmacies connecting with physician investors to increase business.
3. The government is interested if compounding pharmacies are illegally compensating physicians for prescribing their products.
4. The law demands pharmacies turn over financial records if complaints are filed against the pharmacy.
5. Grey area will exist under the new law, as it is legal for physicians to invest in pharmacies in Texas if they let their patients know.
More articles on practice management:
Top 5 EHR vendors to partner with in 2016
1st Perioperative Surgical Home learning collaborative yields positive results — 5 insights
4 takeaways on reducing diagnostic errors
At the Becker’s 32nd Annual Meeting: The Business and Operations of ASCs, taking place October 29-31 in Chicago, ASC leaders, surgeons and healthcare executives will explore strategies to drive growth, enhance operational performance, navigate reimbursement challenges and prepare for the future of ambulatory surgery. Apply for complimentary registration now.
