Average Wholesale Sample Clauses

Average Wholesale. Price (AWP) The current average wholesale price of a prescription drug listed in the Facts and Comparisons weekly price updates (or any other similar publication designated by Aetna) on the day that a pharmacy claim is submitted for adjudication. Ambulatory Surgical Center: A freestanding ambulatory surgical facility that: • Meets licensing standards. • Is set up, equipped and run to provide general surgery. • Makes charges. • Is directed by a staff of physicians. At least one of them must be on the premises when surgery is performed and during the recovery period. • Has at least one certified anesthesiologist at the site when surgery which requires general or spinal anesthesia is performed and during the recovery period. • Extends surgical staff privileges to: - physicians who practice surgery in an area hospital; and - dentists who perform oral surgery. • Has at least 2 operating rooms and one recovery room. • Provides, or arranges with a medical facility in the area for, diagnostic x-ray and lab services needed in connection with surgery. • Does not have a place for patients to stay overnight. • Provides, in the operating and recovery rooms, full-time skilled nursing services directed by a R.N. • Is equipped and has trained staff to handle medical emergencies. • It must have: a physician trained in cardiopulmonary resuscitation; and a defibrillator; and a tracheotomy set; and a blood volume expander. • Has a written agreement with a hospital in the area for immediate emergency transfer of patients. Written procedures for such a transfer must be displayed and the staff must be aware of them. • Provides an ongoing quality assurance program. The program must include reviews by physicians who do not own or direct the facility. • Keeps a medical record on each patient.
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Average Wholesale. Price (AWP) AWP for a pharmaceutical as published by a third party source such as First DataBank or Medi-Span® Business Days Monday through Friday as defined in Section 6.5.5. excluding Thanksgiving, Christmas, and New Year’s Day. Calendar Quarter Period of three consecutive months; there are four quarters per calendar year. The quarters of the calendar year are January, February, March (quarter 1); April, May, June (quarter 2); July, August, September (quarter 3); and October, November, December (quarter 4.) CDPH/OA/ADAP Contract Manager The person designated by CDPH/OA/ADAP to manage this Agreement, as listed in Exhibit I, Contactor Information Form (CIF). Centers for Medicare and Medicaid Services (CMS) Centers for Medicare and Medicaid Services is the US federal agency which administers Medicare, Medicaid, and the State Children's Health Insurance Program. Client Individuals enrolled in ADAP. These individuals must be residents of California,18 years of age or older, living with HIV/AIDS, have a Modified Adjusted Gross Income up to 500% of federal poverty level based on family size and household income and are uninsured or underinsured. Contract Year Twelve month periods from the anniversary of the End Date. Contractor The company awarded the Agreement identified on the STD 213. Contractor’s Claims Adjudication System The system used by the Contractor to adjudicate claims for prescriptions dispensed to eligible Clients. Contractor’s Implementation Team Plans and executes the technical requirements of the Agreement by the go-live date. Contractor’s Contract Manager The primary Contractor contact person for CDPH/OA/ADAP; dedicated to overseeing and managing the Agreement. Contractor’s System The system and components owned, operated and/or controlled by the Contractor which includes the Contractor’s Claims Adjudication System. Customer Service Unit Contractor staff that assist Providers, Clients, CDPH/OA/ADAP, and other entities authorized by CDPH/OA/ADAP regarding services related to this Agreement. Deductible The amount a client owes for covered prescription services before their health insurance plan will pay. Department of General Services (DGS) The Department of General Services of the State of California. Dispense Fee The amount reimbursed to a pharmacy when filling a prescription to cover the charge for professional services and overhead costs. Drug Utilization Review (DUR) Monitoring of prescription drugs used by a patient to identify one or a co...
Average Wholesale. PRICE (AWP) means the wholesale price of a drug or supply at the time of purchase as defined by the latest edition of the drug file utilized by the Designated Administrator. The price shall be based on the National Drug Code (NDC) number of the container from which the drug or supply was dispensed.
Average Wholesale. Price or AWP means the average wholesale price of a prescription drug published and updated by Medi-Span, or another nationally-recognized reporting service purchased or licensed by Navitus. Brand Covered Product or Brand means a Covered Product where the Medi-Span Multi-Source Indicator for the Covered Product reported by Medi-Span contains an “M” (co-branded product), “O” (originator brand) or an “N” (single source brand) for the Covered Product on the date dispensed except where the claim is submitted with a DAW code of “3”, “5”, or “6”, in which case it shall be considered a Generic Drug.

Related to Average Wholesale

  • Supply Price The price payable by SAVIENT to NOF for the Activated PEG manufactured and supplied by NOF pursuant to SAVIENT’s Firm Orders (“Supply Price”) shall be as set out in Exhibit C, and the price for each order shall be calculated based on SAVIENT’s total Forecast for the Year in which the order is placed regardless of whether NOF shall complete delivery in the Year in which it is ordered. By way of example, if SAVIENT’s Forecast for a particular Year is for [**] kg of the Activated PEG, then orders placed during that Year will be charged at US$[**]/Kg. If at the end of any Year actual orders purchased by SAVIENT do not fall within the applicable quantity range of the original Forecast, then the Price for the Activated PEG purchased during that Year shall be adjusted to reflect that actual volume of Activated PEG purchased by SAVIENT, provided, however, if the actual amount purchased by SAVIENT is less than Forecasted due to [**], then the Price for the Activated PEG purchased by Savient shall be based on [**]. Upon adjustment, if necessary, either SAVIENT shall pay to NOF or NOF shall credit to SAVIENT, as applicable, the balance based on the said adjustment. Any amounts owing by SAVIENT to NOF pursuant to this provision shall be remitted within [**] days of the SAVIENT’s receipt of a reconciliation statement which sets forth in specific detail the amounts purchased by SAVIENT during the Year in question; any credits owing by NOF to SAVIENT shall be applied to [**]. Provided, however, that SAVIENT shall pay to NOF only such amount as corresponds with the amount of Activated PEG which is actually delivered to SAVIENT or SAVIENT’S designee pursuant to the terms of this Agreement.

  • Settlement Averaging Period For any Option and regardless of the Settlement Method applicable to such Option:

  • Market Value Adjustment 16 3.07 Transfer of Current Value from the Funds or AG Account ............ 17 3.08 Notice to the Certificate Holder .................................. 18 3.09 Loans ............................................................. 18 3.10 Systematic Withdrawal Option (SWO) ................................ 18 3.11

  • Measurement Period (b) In this Agreement, unless the contrary intention appears, a reference to:

  • Measurement Should the State terminate this contract as herein provided, no fees other than fees due and payable at the time of termination shall thereafter be paid to the Engineer. In determining the value of the work performed by the Engineer prior to termination, the State shall be the sole judge. Compensation for work at termination will be based on a percentage of the work completed at that time. Should the State terminate this contract under paragraph (4) or (5) above, the Engineer shall not incur costs during the thirty-day notice period in excess of the amount incurred during the preceding thirty days.

  • CONTRACT YEAR A twelve (12) month period during the term of the Agreement commencing on the Effective Date and each anniversary thereof.

  • Average Annual Compensation The Executive's "Average Annual Compensation" for purposes of this Agreement shall be deemed to mean the average level of compensation paid to the Executive by the Employers or any subsidiary thereof during the most recent five taxable years preceding the Date of Termination, including Base Salary and benefits and bonuses under any employee benefit plans of the Employers.

  • Determination of Treasury Rate Unless otherwise specified in the applicable Pricing Supplement if the Base Rate specified on the face hereof is the Treasury Rate, the “Treasury Rate” means, with respect to any Treasury Rate Determination Date (as defined below), the rate for the auction held on such Treasury Rate Determination Date of direct obligations of the United States (“Treasury bills”) having the Index Maturity specified on the face hereof, as published in H.15(519) under the heading “U.S. Government Securities-Treasury bills-auction average (investment)” or, if not so published by 3:00 P.M., New York City time, on the Calculation Date pertaining to such Treasury Rate Determination Date, the auction average rate (expressed as a bond equivalent on the basis of a year of 365 or 366 days, as applicable, and applied on a daily basis) as otherwise announced by the United States Department of the Treasury for Treasury bills on such Treasury Rate Determination Date having the Index Maturity specified on the face hereof. In the event that the results of the auction of Treasury bills having the Index Maturity specified on the face hereof are not published or reported as provided above by 3:00 P.M., New York City time, on such Calculation Date, or if no such auction is held on such Treasury Rate Determination Date, then the Treasury Rate shall be calculated by the Calculation Agent and shall be a yield to maturity (expressed as a bond equivalent on the basis of a year of 365 or 366 days, as applicable, and applied on a daily basis) of the arithmetic mean of the secondary market bid rates, as of approximately 3:30 P.M., New York City time, on such Treasury Rate Determination Date, of three leading primary United States government securities dealers selected by the Calculation Agent for the issue of Treasury bills with a remaining maturity closest to the Index Maturity specified on the face hereof; provided, however, that if the dealers selected as aforesaid by the Calculation Agent are not quoting bid rates as mentioned in this sentence, the rate of interest for the applicable period will be the rate of interest in effect on such Treasury Rate Determination Date. The “Treasury Rate Determination Date” will be the day of the week in which the related Interest Reset Date falls on which Treasury bills would normally be auctioned. Treasury bills are normally sold at auction on Monday of each week, unless that day is a legal holiday, in which case the auction is normally held on the following Tuesday, except that such auction may be held on the preceding Friday. If, as the result of a legal holiday, an auction is so held on the preceding Friday, such Friday will be the Treasury Date Determination Date pertaining to the Interest Reset Date occurring in the next succeeding week. If an auction date shall fall on any Interest Reset Date for a Note whose Base Rate is the Treasury Rate, then such Interest Reset Date shall instead be the first Business Day immediately following such auction date. The interest rate for each such Interest Reset Date shall be the Treasury Rate plus or minus the Spread or multiplied by the Spread Multiplier, if any, as indicated on the face hereof.

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