Coming out of COVID: 5 Objectives for Boosting Rx Business and Cash Clinical Services
Coming out of the sudden, severe lockdowns from the coronavirus disease 2019 (COVID-19), pharmacies are adjusting to a new way of serving patients and providing services. To build some positive momentum, here are 5 ways that current pharmacy owners are adapting their …
IRS Says Provider Relief Fund Payments Are Taxable
Between the CARES Act and the PPP Health Care Enhancement Act, which both passed earlier this year, $175 billion was allocated to the Provider Relief Fund. This funding was used to reimburse providers, including pharmacies, for lost revenue or expenses as a result …
URGENT: ESI Recoupment Letters and Pharmacy Response
New UPDATE: Following our posting of this blog post, ESI mailed letters (dated 6/25/20) to pharmacies that announced the temporary suspension of recoupment actions, as ordered by the Defense Health Agency (DHA). These letters were likely received by affected pharmacies as of …
UPDATE: ESI Issues Recoupment Stay of Deadlines Until Further Notice
On July 1, 2020, pharmacies and industry stakeholders received information from ESI that (i) the Defense Health Agency (DHA) and ESI are reassessing the recoupment action, (ii) money that has already been recouped will not be refunded during the reassessment period, and …
COVID-19 Recent EEOC Guidance
On April 23, 2020, the EEOC addressed one of the open issues that many employers have been asking: “Can I require employees to have a negative COVID-19 test in order to return to work?” The EEOC addressed this question in the affirmative …
COVID-19 CARES Act: Release of $30 Billion
On Friday, April 10, 2020, HHS announced immediate payments to Medicare providers in connection with the $100 billion Provider Relief Fund passed by Congress as part of the CARES Act signed by President Trump on March 27, 2020. These immediate payments total …
COVID-19 Paycheck Protection Program Application Available Now
As part of the CARES Act, which is the U.S. economic relief and stimulus package recently passed into law, the Department of the Treasury has released a Paycheck Protection Program (PPP) loan application and supplemental information on its website to help small …
Paycheck Protection Program Flexibility Act (PPPFA) Enhances Borrower Options
Congress has passed the Paycheck Protection Program Flexibility Act (“PPPFA”) which amends the CARES Act and the Small Business Act to modify certain provisions related to the forgiveness of loans under the Paycheck Protection Program (PPP). This program continues to evolve, however …
Should Your Pharmacy Offer Point-of-Care Testing or COVID-19 Vaccinations?
By Scotty Sykes, CPA, CFP, and Bonnie Bond, MBA, CPA The role of community and independent pharmacies may expand even more to the front lines of managing and supporting public health. As the U.S. Centers for Disease Control move closer to announcing …
