Medicare Part D pharmacy audits are on the rise, and pharmacists would be wise to adapt their business practices and know how to respond. Trent Thiede presented the top 11 audit discrepancy areas.
About Stacy Wilk
I enjoy helping independent pharmacies develop and be successful. I assist in getting communications out to our members and members and share our story with non members so they can learn what PAAS has to offer; audit tips and more that will benefit and save their pharmacy money.
I have a Master's Business Administration in Marketing and Management from University of Wisconsin Whitewater and have more than 15 years in marketing. I previously worked at Pharmacy Society of Wisconsin and look forward to working with many other pharmacy associations in moving the needle for community pharmacies nationwide.
To keep updated on all PAAS happenings, please connect with @PAASNational on LinkedIn, Twitter and Facebook.
Entries by Stacy Wilk
PAAS National® has received an exorbitant number of audits from Humana, the administrator for the LINET program, in the past two weeks.
Trent Thiede, president of PAAS National®, said many of the more than 5,000 pharmacies he works with stepped up to offer covid testing and shots and to become an even bigger resource for customers during this health crisis. “With vaccinations in full swing, priorities should be focused on serving patients and our communities, not responding to audit requests,” Thiede said.
Already marred from COVID-19 burnout and years of financial threats, independent pharmacies’ latest woe is pharmacy benefits managers’ shift to virtual audits during the pandemic.
The average audit in 2020 cost pharmacies $23,978, 35% more than the annual average over the previous five years, the PAAS data shows. And the number of prescriptions reviewed in September and October was fourfold over what PAAS members had seen in previous years.
It can be a very stressful time for a pharmacy when they, or an employee, are being investigated by a regulatory body (e.g., Board of Pharmacy, Office of Inspector General (OIG) or Drug Enforcement Agency). It will likely not be the first thing on your mind to notify contracted PBMs. Consider These situations often arise […]
After many months of hard work and dedication from our team, we are pleased to announce that on June 22, 2021 we launched the new PAAS National® website paasnational.com.