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Healthcare providers and insurance companies often turn to the assistance of Independent Review Organizations (IROs) to collaborate on reviewing medical claims. IROs are third-party entities that can assist healthcare providers and insurers in reviewing medical claims by providing unbiased determinations. Essentially, an IRO can provide an independent decision to help medical professionals properly manage their […]

If you want to acquire a pharmacy, you can either purchase the assets of the business or the stock of the corporation. The following can help you understand stock acquisition and the steps you can take to purchase the stock of a pharmacy. Purchasing a pharmacy through stock acquisition In a stock purchase, the buyer […]

Pharmacies are a big part of the healthcare industry, but they can be difficult to establish. First, you must purchase property, arrange deals with manufacturers and wholesalers, set-up a compliance policy, train personnel, and obtain the proper licenses. You may consider purchasing the ownership interests in a pharmacy that is already established. Alternatively, you may […]

Owning or starting a business can be difficult, especially if you do not have an attorney to help you navigate the process. Some of the questions business owners may have include those pertaining to legal matters. All business owners must understand what laws concern their company and what to do in case litigation is brought […]

People tend to avoid civil litigation at all costs because it can be expensive, time-consuming, and hard to predict. No one is certain of the outcome until the foreman of the jury hands the paper to the judge, who will read the decision out loud. Today, many use alternative ways to settle a dispute, such […]

Selling a pharmacy is a complex venture that requires several factors to be completed before a deal is officially made. It is best to enlist the aid of an attorney so the sale can move smoothly. A sale of this nature may require a significant amount of time to complete. You should build a solid […]

Healthcare fraud is a significant problem for the Federal government. The government funds medical care for vast numbers of people, but Federal agencies that review claims for services are constrained by budget restrictions that make it difficult to properly reviewing each claim. To protect Medicare and Medicaid, the two largest healthcare programs in the country, […]

Mergers and acquisitions (or “M&As”) are legal and business processes that join two companies under one operation. M&As may reduce or remove competition, increase profits, reduce administrative overhead, and can combine the best aspects of former marketplace competitors. M&As are particularly prevalent in the home medical equipment industry (“HME”). Since 2010, there has been a […]

Selling or buying mineral rights is a legal transaction that requires a real estate deed specifically outlining the types of mineral rights being transferred. State laws generally control these transfers. All parties must be aware of laws and regulations regarding the sale of mineral rights and should have experienced legal assistance during the process. Proving […]

The Food and Drug Administration (FDA) is responsible for regulating food, drugs, and medical devices. This responsibility enables the organization to create regulations, enforce safety standards, and issue recalls. The administration can also release guidelines to help medical device manufacturers confront cybersecurity threats. Hackers exploit companies, governments, and systems because there are gaps in security […]