Average Wholesale Price. (AWP): means the current average wholesale price of the dispensed medication as defined in the latest edition published by Medispan or any other relevant reference source designated by GUIDANTRX. The parties acknowledge that AWP is a list price only and does not reflect discounts, fees or other amounts provided to wholesalers or others which may affect such entities’ actual acquisition cost.
Average Wholesale Price. The Average Wholesale Price (AWP) means (a) for fee for service drug claims billed through HNI's medical claims system, the average wholesale price of the designated pharmaceutical product as listed in the most recently published and available edition of the Medical Economics Redbook guide to pharmaceutical prices, and (b) for fee for service drug claims billed through the PBM, the price for a prescription medication provided to an HNI Member that is established, no less than monthly, by Medispan.
Average Wholesale Price. The term “
Average Wholesale Price. “AWP” as used herein means the current Average Wholesale Price as listed in print or electronically by First Data Bank Medispan, Red Book, or other nationally recognized pricing source determined by Medco Health based on the package size dispensed. Compounded Prescription: A compounded prescription is an extemporaneous preparation which contains two or more solid, semi-solid, or liquid ingredients, one of which is a Federal Legend Drug, that are weighed or measured, then prepared according to the prescriber’s order and the pharmacist’s art. Note: Reconstitution of an oral antibiotic is not considered a compounded prescription.
Average Wholesale Price or AWP means the average wholesale price of a prescription drug as identified by drug pricing services such as Medi-Span or other source recognized in the retail prescription drug industry selected by ESI (the “Pricing Source”). The applicable AWP shall be the 11-digit NDC for the product on the date dispensed, and for prescriptions filled in (a) Participating Pharmacies and ESI Specialty Pharmacy will be the AWP for the package size from which the prescription drug was dispensed, and (b) in the Mail Service Pharmacy the AWP for the smaller of: (i) the NDC code for the package size from which the prescription drug was dispensed, or (ii) package sizes of 100 units or 16 ounce quantities, or the next larger quantity if such specified quantities are not available. If the Pricing Source discontinues the reporting of AWP or materially changes the manner in which AWP is calculated, then ESI reserves the right to make an equitable adjustment as necessary to maintain the parties’ relative economics and the pricing intent of this Agreement.
Average Wholesale Price or AWP shall mean the Blue Book Average Wholesale Unit Price as of the last day of a Contract Quarter published in the National Drug Data File by First Data Bank, Inc.
Average Wholesale Price. AWP Average of list prices charged by wholesalers to pharmacies. Bank Identification Number BIN Bank Identification Number is the identifier number for the payer. Beneficiary Another term for member: An individual eligible and enrolled in one or more State benefit plans. Blue Book A database of drugs that is updated weekly by First DataBank (FDB). xxxx://xxx.xxxxxxxxxxxxx.xxx Brand Name Proprietary or trade name selected by the manufacturer and placed upon a drug, its container, label, or wrapping at the time of packaging. Business Intelligence BI The process or capability of gathering information in the field of business; the process of turning data into information and then into knowledge.
Average Wholesale Price. The current average wholesale price of a prescription drug listed in the Medi-Span weekly price updates (or any other similar publication designated by Company) on the day that Pharmacy submits a claim for adjudication.
Average Wholesale Price. (AWP) Price for a Pharmaceutical Product as provided in the First DataBank or MediSpan price file and updated no less than twice monthly.
