Average Wholesale Price definition

Average Wholesale Price or “AWP” means the wholesale price charged on a specific commodity that is assigned by the drug manufacturer and is listed in a nationally-recognized drug pricing file.

Average Wholesale Price or AWP means the average wholesale price of the Covered Drug, on the date dispensed, as set forth in Medi-Span’s Master Drug Database (MDDB®) file, if available, or other nationally recognized source determined by Contractor and disclosed to the County.

Average Wholesale Price means the wholesale price charged on a specific commodity that is assigned by the drug manufacturer and is listed in a nationally recognized drug pricing file.[PL 1999, c. 786, Pt. A, §3 (NEW).]

Examples of Average Wholesale Price in a sentence

• M1= Average Wholesale Price Index for the quarter under consideration.

• Such administrative fees retained by PBM in connection with its rebate program do not exceed the greater of (i) 4.58% of the Average Wholesale Price, or(ii) 5.5% of the wholesale acquisition cost of the products.

• 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.

• The current benchmark price is the Average Wholesale Price (AWP) as provided by the OHCA's pricing resource.

• If the Covered Drug or Supply is dispensed by a Non-Participating Pharmacy, it is the lesser of (a) the Non-Participating Pharmacy’s charges for the Covered Drug or Supply or(b) 150% of the Average Wholesale Price for the Covered Prescription Drug.

More Definitions of Average Wholesale Price

Average Wholesale Price or "AWP" means the average wholesale price of a prescription drug as provided in the most current release of the Medi-Span Master Drug Database by Wolters Kluwar Health on the day a prescription drug is dispensed or other nationally recognized drug pricing index adopted by the Workers’ Compensation Oversight Panel.

Average Wholesale Price means any one of the recognized published averages of the prices charged by wholesalers in the United States for the drug products they sell to a Pharmacy.

Average Wholesale Price means the wholesale price charged

Average Wholesale Price or “AWP” means the benchmark price established by a nationally available reporting service as selected by SOUTHERN SCRIPTS based on the 11-digit National Drug Code (“NDC”) of the Covered Medication dispensed by PHARMACY.

Average Wholesale Price means the average wholesale price of

Average Wholesale Price means the average wholesale price of a prescription drug determined by a national drug pricing publisher selected by a carrier. The average wholesale price shall be identified using the national drug code published by the National Drug Code Directory within the United States Food and Drug Administration.

Average Wholesale Price means the price for a drug product listed as the average wholesale price in the department’s primary price reference source.