Here’s a great article from Joel Farar,a Los Angeles lawyer, about lawyers for pharmacy management companies. Taking steps to stay legally compliant with medical regulations is vital if you manage a pharmacy or dispensary. Failing to do so puts your business at risk for unwittingly violating these laws. The result can lead to possible fines and other penalties.
While you are in the business of providing a service to patients, legislators are increasing the complexity of laws designed to protect those patients. Keeping up with the demands of those changes are not always easy. Nevertheless, an inability to follow these regulations to the letter can lead to charges of fraud or privacy violations.
The Role of the Health Insurance Portability and Accountability Act in the Healthcare System
Everyone in the industry is aware of the tremendous role that HIPAA plays in the healthcare system. This law actively prevents fraud while helping people maintain insurance plans if they switch jobs. Additionally, HIPAA protects confidential health information from being shared without patients’ knowledge and approval.
Violating this law can have a negative impact on your pharmacy or dispensary. Educating employees is crucial to ensuring they do not compromise sensitive information by accident. Any information related to patients must be kept in a secure location. Staying vigilant in daily business practices not only keeps sensitive files safe, but it also shields your business from legal action.
Audits of Pharmacies and Dispensaries
One thing that can occur from mishandling sensitive patient data is an audit. At any time, you could be contacted by one of the federal agencies charged with making sure all pharmacies and dispensaries are compliant.
Your information and records must be accurate at all times. Maintaining your business as a trustworthy resource for patients is necessary to your reputation in the industry. Even if you and your employees stay up-to-date on the latest laws that affect your business, missing a small detail may occur.
Exercising extreme caution is necessary even if you find yourself facing an audit or serious legal consequences. Not only does your business take a hit to its reputation, but mistakes can also be very costly.
Consequences of Legal Problems
Unfortunately, most people dismiss the consequences of having legal problems as a result of an audit or rule violation. Business reputations can be damaged beyond repair for some. When a single violation can cost $1.5 million, it can be a catastrophic hit.
In addition to paying high dollar fines, not being in compliance could cause a pharmacy or dispensary to lose its license. In some cases, even if the company survives, public opinion might be too far gone from the negative publicity.
Lawyers for Pharmacies and Dispensaries Management Companies Can Help
Getting legal assistance before you accidentally break one of the many healthcare laws will relieve you of the worries of losing your business. An experienced lawyer who is familiar with keeping pharmacies and dispensaries compliant will discuss your concerns and review your current practices.
Exposing where you might be at-risk or confirming that you are free from violations will go a long way to putting your mind at rest. Being protected from disastrous situations will keep you in business to provide the service your customers need.
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