SOURCE: Phoenix Law Group

May 03, 2005 06:00 ET

Phoenix Law Group Introduces Online Healthcare Legislative & Regulatory Research Tool for Pharmaceutical Benefits Industry

Endorsed by NCPDP, PLGTRACK.COM Provides Sortable Legislative Briefs

SCOTTSDALE, AZ -- (MARKET WIRE) -- May 3, 2005 -- The Phoenix Law Group, providing legal services in the healthcare and pharmaceutical industries, announced today the introduction of PLGTRACK.COM, a proprietary online reporting tool that tracks new state and federal laws and regulations for pharmacy benefit management (PBMs) companies, pharmacies, drug data companies, and drug wholesalers and distributors.

The real-time decision-support tool allows users to quickly sort by topic, state, bill number and effective date. The web-based interface provides a user-friendly searchable format, continually updated content and a review summary of each new law and regulation. Customized modules are available for PBMs, pharmacy operations and wholesalers.

According to Lee Ann Stember, president of the National Council for Prescription Drug Programs (NCPDP), "PLGTRACK.COM is one of the easiest and most cost-effective ways that the pharmacy benefits industry can stay up-to-date on new legal and regulatory developments that affect daily business operations. PLGTRACK.COM does the work of searching, reviewing, identifying and summarizing new laws and regulations."

PLGTRACK.COM tracks new state and Federal laws and regulations including the following:

--  Licensure (PBM, TPA, UR, PPO) HIPAA
--  Anti-kickback
--  Fraud & Abuse
--  Mail Order Pharmacy
--  Internet Pharmacy
--  Prompt Pay
--  Any Willing Provider
--  Formulary Management
    
"With hundreds of bills and resolutions potentially affecting the prescription drug industry being filed each year across all 50 states, it can be overwhelming for PBMs, pharmacies and drug wholesalers to track them all and decipher what is important and relevant to their business," explains Cami Agena, a managing member of The Phoenix Law Group. "With 20 years of combined experience serving this market, we know what to look for and can extract appropriate information on laws and regulations impacting the prescription benefit industry. Our comprehensive searches and resulting brief summaries save time and money for our clients -- allowing them to focus on their core business."

About The Phoenix Law Group

Scottsdale, Ariz.-based The Phoenix Law Group of Feldman Brown Wala Hall & Agena, PLC is a professional law firm servicing national healthcare, pharmaceutical and PBM companies as well as small-to-mid sized companies in commercial real estate, financial and other service areas. Services include corporate law, contracting, provider relations, regulatory compliance, litigation and litigation avoidance, securities, and real estate law.

For more information, visit www.phoenixlawgroup.com or call 480-444-3500.

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