Ledger System definition

Ledger System means the system within the MTF PM as described in applicable guidance, regulations, and technical instructions to track credits and debits for MFP refund payments for each of the selected drug(s) at the dispensing entity National Provider Identifier (“NPI”)-level on behalf of participating manufacturers.
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Examples of Ledger System in a sentence

  • The MTF PM (1) provides manufacturers with a mechanism for electronic transfer of funds or payment by paper check to facilitate MFP refund payments to dispensing entities; and (2) provides manufacturers with the Ledger System as established in applicable guidance, regulations, and technical instructions to track the flow of MFP refunds and to handle reversals, adjustments, and other claim revisions inevitable in a dynamic claim payment system.

  • Manufacturer acknowledges that, if Manufacturer terminates participation in the Negotiation Program, either in its entirety or as to a specific selected drug(s), therefore terminating this Agreement following the process described in section VIII(d) of this Agreement, or has terminated participation in the MTF PM either in its entirety or as to a specific selected drug(s), CMS will provide the Manufacturer with an accounting of any outstanding credits in the Ledger System.

  • Authorize the MTF PM to send to dispensing entities a payment equal to the total refunds to be paid as indicated in the Manufacturer’s reported claim-level payment elements, regardless of any credits which may be applied under the Ledger System.

  • The Manufacturer shall also assume control of any outstanding credits under the Ledger System.

  • Manufacturer acknowledges that if a selected drug(s) transfers ownership, as described in section VIII(e), credits and debits will remain in the Ledger System and be transferred from the Transferring Manufacturer (as defined in section VIII(e)(2)) to the Acquiring Manufacturer (as defined in section VIII(e)(2)).

  • If applicable, the MTF PM: (1) provides the Manufacturer with a mechanism for electronic transfer of funds or payment by paper check to facilitate MFP refund payments to dispensing entities; and (2) provides the Manufacturer with the Ledger System described in section II(j)(6) of this Agreement to track the flow of MFP refunds and to handle reversals, adjustments, and other claim revisions inevitable in a dynamic claim payment system.

Related to Ledger System

  • Contractor means the Party selected to provide the goods or Services to the State under this Contract.

  • Services means those functional services ancillary to the supply of the goods, such as transportation and any other incidental services, such as installation, commissioning, provision of technical assistance, training, catering, gardening, security, maintenance and other such obligations of the supplier covered under the contract.

  • Contract means the written agreement entered into between the purchaser and the supplier, as recorded in the contract form signed by the parties, including all attachments and appendices thereto and all documents incorporated by reference therein.

  • Confidential Information means any communication or record (whether oral, written, electronically stored or transmitted, or in any other form) provided to or made available to Contractor or that Contractor may create, receive, maintain, use, disclose or have access to on behalf of HHS that consists of or includes any or all of the following:

  • Department means the department of health.

  • Company has the meaning set forth in the Preamble.

  • Board means the Board of Directors of the Company.

  • Director means a member of the Board.

  • Commission means the Securities and Exchange Commission.

  • Affiliate of any specified Person means any other Person directly or indirectly controlling or controlled by or under direct or indirect common control with such specified Person. For the purposes of this definition, “control” when used with respect to any specified Person means the power to direct the management and policies of such Person, directly or indirectly, whether through the ownership of voting securities, by contract or otherwise; and the terms “controlling” and “controlled” have meanings correlative to the foregoing.

  • Person means an individual or corporation, partnership, trust, incorporated or unincorporated association, joint venture, limited liability company, joint stock company, government (or an agency or subdivision thereof) or other entity of any kind.

  • Business Day means any day except any Saturday, any Sunday, any day which is a federal legal holiday in the United States or any day on which banking institutions in the State of New York are authorized or required by law or other governmental action to close.

  • Agreement has the meaning set forth in the preamble.

  • Effective Date has the meaning set forth in the preamble.

  • Party or “Parties” has the meaning set forth in the Preamble.

  • Day means calendar day.

  • Act means the Securities Act of 1933, as amended.