Florida pharmacy owner charged in $5M insurance fraud scheme

The president and co-owner of Physician Specialty Pharmacy in Pensacola, Fla., was charged in connection to a $5 million scheme to defraud Tricare and other insurance companies, according to local news station WEAR- TV. 

The U.S. Justice Department claims 33-year-old Andrew Fisher agreed to fill illegitimate prescriptions to boost revenue. In addition, Mr. Fisher allegedly paid a commission to marketing representatives who recruited patients to receive compounded drug prescriptions from his pharmacy.  

Prosecutors also allege Mr. Fisher, who is not a licensed pharmacist, told his employees to use ingredients that would maximize the amount his pharmacy could bill to insurers.

He faces healthcare fraud, wire fraud and money-laundering charges.

More articles on pharmacy:
Oklahoma opioid trial wraps: 10 takeaways
Drugmaker tried to shred records before FDA inspection, agency claims
New Jersey physician, pharmacy workers charged in $10M kickback scheme

Copyright © 2024 Becker's Healthcare. All Rights Reserved. Privacy Policy. Cookie Policy. Linking and Reprinting Policy.


Featured Whitepapers

Featured Webinars