On April 2018, Optum, a PBM responsible for 20 percent of all insurance claims, required all wholesalers and suppliers to be VAWD Certified and if they’re weren't, the pharmacy dispensing the drug can expect audits, clawbacks and possibly even loss of the contract.
While this certification is raising the standards on gray market drugs and is safer for the patients, it does create an extra layer of headaches for pharmacy owners. Especially when some wholesalers are not upfront about their status.
In our FREE Pharmacy Wholesaler Buyer Beware Guide, you’ll learn...
The independent pharmacy industry is tough. Margins are tight and it feels as if you’re constantly on the losing side of the “gotcha game” with the PBMs. While we’ll never be able to full abolish that challenge, we can mitigate it. But that requires being aware of the industry changes and taking proactive measures.
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