Average Wholesale Price definition

Average Wholesale Price or “AWP” means the average wholesale price of a prescription drug as set forth in the Prime price file at the time a Claim is processed. The price file will be updated no less frequently than weekly through the Pricing Source. The applicable AWP used for retail and mail will be based on the actual NDC-11 of the dispensed product. AWP discounts do not include savings from DUR or other clinical or medical management programs.

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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 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

Payment for these products will be the lesser of: 1) Average Wholesale Price (AWP) minus 12.5% and 2) rates paid by the contractor.
United uses Medi-Span’s national drug data file as the source for Average Wholesale Price information.
Payment for these products will be the lesser of: 1) Average Wholesale Price (AWP) minus 10% and 2) rates paid by the contractor.
As to prescription drug expenses, the recognized charge for each service or supply is the lesser of: • What the provider bills or submits for that service or supply; and • 100% of the Average Wholesale Price (AWP) or other similar resource.
In the event that an Average Wholesale Price (AWP) or an Average Sales Price (ASP) has not yet been published by Red Book or CMS for a particular injectable drug, UnitedHealthcare may develop and implement gap-fill fees using available fee information, including NDC-based pricing, or other available national fee sources.

More Definitions of Average Wholesale Price

Average Wholesale Price means the average wholesale price of

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 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 wholesale price charged

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.