In this weeks episode we’re going to talk about Walgreens and their possible move to Switzerland and what that means for your independent pharmacy. Next up we’ll talk about how to increase your sales in your independent pharmacy and finally we’ll chat about the Summer Issue of Pharmacy Marketing Quarterly.
Massachusetts Bill Includes New Requirements for Compounders, Fines for Violations
Legislation in Massachusetts, geared towards ensuring the safety of compounded medications, includes new inspection requirements and fines for violations, among other provisions. Read H 4235. Essentially pharmacies engaged in sterile compounding have to pass an inspection as a requisite for renewing their license. The board will also conduct random inspections of such licensees. The law creates four new specialty licenses: retail sterile compounding, retail complex nonsterile compounding, institutional pharmacy, and nonresident pharmacy. Violators could face fines of up to $25,000 per violation. The bill passed in the Massachusetts Legislature on June 30, 2014, and is now with Governor Patrick Deval, according to The Associated Press.
Scot is headed to Washington D.C. for IACP’s Compounders on Capitol Hill. He’ll have the latest issue of Pharmacy Marketing Quarterly with him, so be sure to pick that up! Read the latest issue right now on your smart phone, tablet or computer! Also be sure and check out Cynthia’s picks for places to check out in D.C. listed below the video!