The modern healthcare industry is heavily regulated, and comes along with its own set of laws. These laws are complex and sophisticated, and have to cover a variety of scenarios. The health of the general populace is very important, and as such health laws have been put in place to govern those who work and provide services in the healthcare industry. If you are a provider, payer, vendor or deliver health care services, then you will need the assistance of a health law expert. If you are the owner of a business providing healthcare or pharmaceutical services, the McCarthy Weidler team can assist you in navigating health law regulations.
Pharmaceutical Company Sales and Acquisitions
Over the years, there has been a lot of acquisition movement in the pharmaceutical industry. This is because pharmaceutical sales is very involved, and smaller companies may need assistance in order to reach a larger market share.
If you are looking to sell your pharmaceutical company, or if you are looking to acquire another company that may have innovative research, you will need a qualified lawyer to negotiate on your behalf. Our expert team will negotiate for you, whether you are selling your company or trying to acquire another business. We will also draw up all the necessary paperwork, and ensure that you are in compliance with any regulatory requirements. We will provide you with legal counsel who:
- Know the pharmaceutical industry
- Can properly valuate pharmaceutical companies
- Knows how to properly structure the sale or purchase of pharmaceutical assets
You want to make sure you are making a sound investment, that is why it is best to hire proper counsel that will handle all the due diligence and advise you correctly.
The Health Insurance Portability and Accountability Act (HIPAA) was created with a few goals in mind. The law was created to make it easier for people to keep health insurance, to protect the confidentiality of healthcare information and to help control administrative costs associated with healthcare services. If you are in the healthcare industry, you will want the guidance of legal counsel to ensure you are in compliance with all HIPAA regulations.
There have been cases of firms having to pay large settlements due to HIPAA breaches. It is best to have qualified counsel review your security measures to ensure you are in compliance with HIPAA rules and standards. There are health data privacy and storage guidelines that must be followed. If you are providing health insurance services, and have access to people’s confidential medical records, you will want to make sure you have the proper systems in place to maintain privacy. You may also want to create protocols for your staff. Our legal team can help you. We want to make sure you are advising your employees to act within legal parameters at all times.
No matter what part of the healthcare industry your business serves, there are regulations in place that you and your employees will need to follow. Our legal staff will be able to provide the legal advice you need to make sure your business is in full compliance with the law. If you are in the pharmaceutical industry, and are developing new drugs to fight off illnesses, you will need legal help to make sure you are following all regulations for your industry. The Food and Drug Administration (FDA) has many laws that you will need to follow at all levels of the manufacturing process. There are hefty fines that can be levied if you are not in full compliance with industry regulations.
Let our team do an analysis of your business, and involve us in your plans. We will make sure you are operating within the confines of the law. Likewise, if you are storing medical information or providing insurance services, you will want to make sure that you are protecting the confidential information of your clients. There are steps you need to take to make sure you are following all regulations. Proper legal counsel will guide you, and will keep you abreast of any regulatory changes that can affect your business operations.
If your business is part of the healthcare industry, there are a lot of regulations in place on the federal and state level. Your industry is constantly monitored, and there are large fines that could arise if you are not careful. You will need the service of a law firm that is experienced in health law, and McCarthy Weidler is that firm. Our team is experienced and is up to date on all the regulations that may affect your business.