RedSail Blog

On December 8, 2003, President George W. Bush signed the Medicare Prescription Drug, Improvement, and Modernization Act of 2003 into law. It quickly got shortened to the Medicare Modernization Act (MMA) and Medicare, at long last, had a prescription drug benefit.The bill passed along partisan lines, with Republicans prevailing in the House by a vote of 220-215, and in the Senate by a tally of 54-44. Democrats worried about the $394 billion price tag, and the potential implications of the increased role of private insurers in Medicare.

If you live in a presidential swing state, meaning that former President Donald Trump and Vice President Kamala Harris are within a few points of each other in the polls, you are under a constant barrage of political advertising that makes your head spin.

The Drug Supply Chain Security Act (DSCSA) is nearing its final phase, and with the update from the FDA regarding small business exemptions, many pharmacies may be wondering what this means for them. The FDA’s letter grants small dispensers with fewer than 25 full-time pharmacists and pharmacy technicians a delayed deadline until November 27, 2026, for specific compliance measures. However, most of the requirements are still on track for the November 27, 2024, deadline.

For independent pharmacies across the country, 2024 has been a financially turbulent year. From the “DIR apocalypse” of Q1 to changes in reimbursements from many payors in the first months of the year, managing your pharmacy’s financials may be more difficult than ever.

On Wednesday, the Food and Drug Administration (FDA) announced that it will issue exemptions from certain DSCSA requirements to smaller independent pharmacies until November 27, 2026. This announcement comes off the heels of the FDA’s previous announcement of a one-year stabilization period (which is set to end on November 27, 2024).

It’s the first of the year and you haven’t paid down your new deductible and, obviously, are not yet in the donut hole for your Medicare Part D prescription drug plan. Your first prescription has a whopping big cost-sharing requirement that will quickly clear out your bank account. So, what do you do?

Medicare is a beneficial program for Americans who are over age 65 or have certain disabilities, but providers sometimes find compliance issues a challenge. An understanding of Medicare Part B prescription requirements and how to properly submit claims will ensure...

As a leader in your industry and community, you will eventually receive requests to support political candidates running for state and federal office. Perhaps you have already been asked to make a contribution to a candidate. Supporting candidates who understand our industry is good citizenship and allows us all to help well-qualified candidates get elected. Just be sure you know what you can and cannot do.

The U.S. Public Health Emergency (PHE) that was first declared in January of 2020 ended in 2023. The three years between the beginning and end of the PHE was transformative for the nation and nearly catastrophic for the long-term care industry.