Here are five highlights:
1. Sen. Charles Schwertner, R-Georgetown, proposed the legislation address issues with compounding pharmacies that look for physician investors. The law went into effect in September 2015.
2. The legislation gives state regulators the authority to access pharmacy financial records.
3. Throughout the nation, federal and state investigators are looking into pharmacies that may be illegally compensating physicians for writing prescriptions for their products and services.
4. Sen. Schwertner said the bill allows the Texas State Board of Pharmacy to issue discipline against a pharmacy if the board uncovers an impropriety.
5. Despite the new law, no cases have been prosecuted as state investigators may face obstacles proving physician ownership if a company does not disclose investor records or does not keep such records.
More healthcare news:
3 hospitals/health systems with new outpatient surgery centers — Feb. 10, 2016
10 things to know about the UK physicians’ strike
Surgical Care Affiliates added to S&P SmallCap 600: 3 notes
