- Joined
- May 18, 2005
- Messages
- 2,106
- Reaction score
- 180
I believe it is something that students should be aware of... and even practicing pharmacists.
Lately in the news, there has been a lot of articles on doctors not taking in new Medicare patients or operating on losses due to low reimbursements. I just want to point out that for independent pharmacy, this issue is 10 times worse. Since Medicare was introduced (when I was still in pharmacy school), many independents went out of business due to payment lag time and low reimbursements.
Now, with states cutting everything, I can see more pharmacies going out of business. Besides Medicare, Medicaid in New York has cut reimbursements more than twice last year! I just tried filling a claim for silver sulfad. and was reimbursed below my wholesaler price.
This is a drug that costs 4 dollars to acquire and we are getting paid less than that.
Lately in the news, there has been a lot of articles on doctors not taking in new Medicare patients or operating on losses due to low reimbursements. I just want to point out that for independent pharmacy, this issue is 10 times worse. Since Medicare was introduced (when I was still in pharmacy school), many independents went out of business due to payment lag time and low reimbursements.
Now, with states cutting everything, I can see more pharmacies going out of business. Besides Medicare, Medicaid in New York has cut reimbursements more than twice last year! I just tried filling a claim for silver sulfad. and was reimbursed below my wholesaler price.
This is a drug that costs 4 dollars to acquire and we are getting paid less than that.