Omnicare, the nation's largest long-term care pharmaceutical services provider, is positioned to be successful as insurance coverage expands under the Affordable Care Act, according to CEO John Workman.
Brookdale Senior Living has sued PharMerica, charging that the long-term care pharmacy improperly changed its drug pricing for Brookdale facilities.
Long-term care pharmacy giant PharMerica dispensed controlled narcotics without valid prescriptions and charged Medicare, the federal government alleges in a False Claims Act lawsuit. The company "vigorously" disputes the claims.
Kindred Healthcare will split with PharMerica and instead partner with Omnicare in 2014, marking a significant change in the landscape of long-term care pharmacy services providers.
A pharmacy company on track to serve more than 400 healthcare facilities has received a $100 million investment from Fillmore Capital Partners, which owns Golden Living.
The Accreditation Commission for Health Care has released new standards for long-term care pharmacies. The standards are based on regulations from the Centers for Medicare & Medicaid Services, the U.S. Pharmacopeial Convention and other "pertinent organizations and authorities," ACHC announced July 17.
Major long-term care provider Kindred Healthcare will split with its current pharmacy partner, PharMerica, and team with the sector's largest pharmacy, Omnicare, at the end of 2013, according to documents filed with the Securities and Exchange Commission.
Long-term care pharmacies have generated some hot news lately.
"Seven-day-or-less" dispensing requirements have resulted in new long-term care medication distribution models.
Medication dispensing technology has evolved in the long-term care pharmacy field. Remote dispensing is a new model that speeds up access to medications and allows nurses to spend more time with residents.