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Capitol Connections August 31, 2012
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August 31, 2012

In observance of the Labor Day holiday, the IACP offices will be closed Monday, September 3, 2012. Offices will re-open on Tuesday, September 4, 2012. Have a safe and happy Labor Day – From the IACP family to yours!

Don't Mess with Uncle Sam! How the Stark Law and the False Claims Act Impact Pharmacists

Over the past three weeks, the compounding community has been in furor speculating about the recent FBI raid and investigation of three Alabama-based pharmacies. One media report from the Franklin County Times stated “the investigation centers on the possibility that one or more of the pharmacies had overbilled insurance companies, Medicare and Medicaid.” Click here to view article. Since that report ran, IACP has been inundated with member calls asking... Click here to view article in its entirety.

Another Manufacturer Letter – This Time About Veterinary Compounding

On August 20, 2012, IACP became aware of letters being sent to compounders by Boehringer Ingelheim about their product Prascend® (pergolide). The manufacturer cautions all pharmacists that any compounding of pergolide for veterinary use must only be done using their finished drug product and not the active pharmaceutical ingredient (API). Click here to view story in its entirety.

IACP Introduces the First Installment of its New Member Resource – the IACP Law Library

As part of our ongoing development of tools, programs and materials that help our members improve their professional and business practice, IACP is launching its IACP Law Library.  As conceived, this law library will provide pharmacists with a comprehensive analysis of state pharmacy law and regulation that affect many day-to-day decisions. 

Our first installment in the new IACP Law Library—Compounding for Office-Use is now available for purchase! Click here to view story in its entirety.

Announcing the Launch of IACP’s Prescription Drug Recall Kit

A drug recall. It can happen at any time, to any pharmacist. Whether it’s a compounded preparation or a manufactured product, every pharmacy needs to have policies in place to execute a recall promptly and with the right documentation. That’s why IACP created the 2012 Prescription Drug Recall Kit! Click here to view story in its entirety.

Introducing IACP’s Latest Member Benefit – The IACP Pharmacy Staffing Center

Can’t remember the last time you took a real vacation? Interested in attending an IACP educational event but don't have the coverage? Not feeling well and need a day or two to recoup?  Simply need an extra pair of hands?

The IACP Pharmacy Staffing Center was developed to help IACP Member Pharmacies in need... Click here to view story in its entirety.

What is All the Fuss About 1099 Employees and Marketing?

The thinking goes like this:
If you have a 1099 sales employee who gets a nominal base salary and also receives a commission or bonus on prescriptions generated from a specified number of doctors, there is a far greater likelihood that the sales person may be engaged in inappropriate behavior in order to generate a higher income. That might involve fiduciary incentives (direct payments/kickbacks, sports tickets, trips, anything that exceeds nominal financial value). For compounders who employ contracted sales people... Click here to view story in its entirety.

Custom Care Times - Constructive Transfer and its Impact on Patients

Yesterday, IACP released the latest issue of the Custom Care Times newsletter to our P2C2 audience now comprising of more than 164,000 patient and practitioner advocates. Check the latest issue to learn how a quick trip to your local pharmacy can cause a real dilemma for you or a family member. Click here to read about one of the most important issues the International Academy of Compounding Pharmacists (IACP) has been addressing on behalf of patients and the practitioners who serve them.

API Supplier – Did You Know?

Aside from the general business terms and conditions compounding pharmacists ordinarily review, for any new potential supplier of active pharmaceutical ingredients (APIs), you should always require the following:

  1. Evidence of their current licensure as a wholesaler/distributor in the state in which you practice. That's required. Some suppliers do not do business in some states because they choose to be only regional. 
  2. Evidence of their status as a registrant with the Food and Drug Administration (FDA). Manufacturers, wholesalers, suppliers, distributors, importers, etc. must register with the FDA and be subject to regular inspections and compliance with laws and regulations.  You can do some of that verification yourself by visiting http://www.accessdata.fda.gov/scripts/cder/drls/default.cfm

Please send an email to iacpinfo@iacprx.org with any questions.

IACP Welcomes New Corporate Partner – BiosRx, Inc.

The IACP Corporate Partner program engages corporate leaders in the pharmacy compounding community by connecting them with IACP’s more than 2,700 pharmacists, technicians, and students.   We encourage all IACP members to support these corporate partners that are instrumental in our joint effort to protect and grow this vital part of quality health care. Thank you for your continued support of pharmacy compounding!

Please join us in welcoming IACP’s latest Corporate Partner, BiosRx, Inc.  To learn more about BiosRx, Inc., please visit www.folsompharmacy.com or contact Ramiro Perez at 916.983.4900.

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