TED KARNEZIS, Owner, Karnezis Consulting

•   Ted Karnezis, RPh BSPharm, President of Karnezis Consulting LLC, established in October of 2020.

•   Graduate of University of Illinois in 1992 (BS Biology) and St. Louis College of Pharmacy (now known as University of Health Sciences & Pharmacy in 1995 (BSPharm).

•   Registered Pharmacist in Illinois 1995 - present

•   Registered Pharmacist in Florida 2008 - present

•   Experienced with dispensing in both community and acute care hospital settings in Illinois from 1995 through 2018.

•   In 2007, transitioned into the Department of Veterans Affairs (“VA”), while remaining part time at St. Mary’s Hospital Pharmacy on weekends.

•   Ted’s experience spans a decade at the Department of Veterans Affairs Pharmacy Benefits Management working with the pharmaceutical industry across various aspects of Government pricing, FSS contracts and the Veteran’s Healthcare Act of 1992 (“VHCA”) compliance.Ted has worked directly with the Offices of Inspector General (OIG) to ensure the pricing was accurate, current, and complete while assisting with confidential matters in pre & post contract award reviews and pricing calculation methodologies.

•   While at the VA, Ted’s primary responsibility was to manage the Veteran’s Healthcare Act of 1992 (VHCA), also known as Public Law 102-585, which assured discounted pricing on covered drugs for the Department of Defense (DOD), Department of Veterans Affairs (VA), Indian Health Service (IHS) and Coast Guard (CG). Procurement was through established Federal Supply Schedule (FSS) contracts, which also lists published pricing.  Pricing would be adjusted annually during the VA’s “Public Law Season” as interpreted by VHCA. Ted was an integral part of ensuring the Public Law season ran smoothly and streamlined the annual reporting process and tightened program requirements.

•   Acting as a voting member of the VA’s Public Law 102-585 Policy Group, Ted was involved with industry’s difficult questions and outcomes regarding contract pricing, compliance, calculation methodologies and market access concerns from the lens of the VA.

•   Ted departed the VA in 2018 and landed with KPMG where he received broader government pricing to other CMS programs (Medicaid, Medicare, Best Price and ASP).

•   In 2020, Ted launched Karnezis Consultingto providing compliance solutions to pharma industry and assisting with Government Pricing compliance.

•   In 2022, Ted joined AMSUS (https://www.amsus.org/about-amsus/) and has been invited to be part of a PHS sub-committee.  Ted has also presented at many industry conferences including Medicaid Drug Rebate Plan (MDRP), ACI’s Big Four Pharmaceutical Boot Camp and VA/DoD Joint Committed in Contracting.  Karnezis Consulting website provides additional information.