Four things to know:
1. The payments were made under the Critical Access Pharmacy program, intended to help small, independent pharmacies that fill Medicaid prescriptions without being sufficiently reimbursed.
2. The independent pharmacies have blamed reimbursement problems on pharmacy benefit managers hired by the state to administer pharmacy benefits for the Medicaid program.
3. “Right now, if we didn’t get those [state] funds, we’d be out of business,” Owen Sullivan, owner of Sullivan Drugs told the Journal. “We’ve been around since 1930. They’ve [PBMs] undercut us to the point we can’t survive.”
4. Most of the payments went to independent pharmacies in rural areas of the state, according to the report.
Access the full report here.
More articles on pharmacy:
Walmart cutting some pharmacy jobs
UPMC acquires community pharmacy in Pittsburgh
Oklahoma judge approves Teva’s $85M opioid settlement
Becker’s 3rd Annual Fall Chief Pharmacy Officer Summit is the top tier event that the people leading the future of pharmacy convene. This 3-day event is built specifically for Chief Pharmacy Officers and senior pharmacy leaders. The sessions examine the workforce, financial and clinical priorities shaping pharmacy today. Becker’s is where candid discussions flourish and new ideas thrive. Becker's 3rd Annual Fall Chief Pharmacy Officer Summit