Common use of UTILIZATION ACCRUAL AND INVOICING Clause in Contracts

UTILIZATION ACCRUAL AND INVOICING. (1) For purpose of calculating the refund in excess of the current FCP, the accrual of TRICARE retail network utilization will begin on the date that the UF status becomes effective in the TRICARE retail pharmacy network. That date is the date the Director, XXX, makes the final UF decision or the effective date specified by the Director, DHA. The Government shall provide utilization data to the Company on a quarterly basis. The billing cycle will be calendar quarters, with billing periods of January – March, April – June, July – September, and October – December. Invoices for pharmaceutical agents on the UF ADP will be made available by the DoD with payment due seventy (70) days from the date the utilization data is made available to the manufacturers. Failure to pay in full without following the outlined dispute resolution process by the designated payment due date, or without an approved extension may result in the termination of this UF ADP and reconsideration by the DoD P&T Committee of the listed pharmaceutical agents’ placement on the UF, in addition to any other remedies available to DoD.

UTILIZATION ACCRUAL AND INVOICING. (1) For purpose of calculating the refund in excess of the current FCP, the accrual of TRICARE retail network Retail Network utilization will begin on the date that the UF status becomes effective in the TRICARE retail pharmacy networkRetail Pharmacy Network. That date is the date the Director, XXXDHA, makes the final UF decision or the effective date specified by the Director, DHA. The Government shall provide utilization data to the Company on a quarterly basis. The billing cycle will be calendar quarters, with billing periods of January – March, April – June, July – September, and October – December. Invoices for pharmaceutical agents on the UF ADP UF-VARR will be made available distributed by the DoD on or about the 15th day of the month following the preceding billing period with payment due seventy (70) days from the date the utilization data is made available to the manufacturers. Failure to pay in full without following the outlined dispute resolution process by the designated payment due date, or without an approved extension may result in the termination of this UF ADP UF-VARR and reconsideration by the DoD P&T Committee of the listed pharmaceutical agents’ placement on the UF, in addition to any other remedies available to DoD.