National average drug acquisition cost definition

National average drug acquisition cost means the monthly survey of retail pharmacies conducted by the federal Centers for Medicare and Medicaid Services to determine average acquisition cost for Medicaid covered outpatient drugs.
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National average drug acquisition cost or “NADAC” shall mean and refer to the national average drug acquisition cost of a Covered Prescription Service based upon pricing files received by Administrator from Medi-Span (or any other nationally recognized pricing source as determined by Administrator) as updated at least every seven (7) days. NADAC pricing will only be utilized when required by applicable Laws and Regulations.
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National average drug acquisition cost means the monthly survey of retail pharmacies
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Examples of National average drug acquisition cost in a sentence

  • This huge increase comprises of grievances of employees appointed between levels 5 and 10 relating to salary problems.

  • National average drug acquisition cost (NADAC) and usual and customary chargesassist in managing costs on the covered drug list.

  • NADAC: National average drug acquisition cost may be utilized to calculate AAC.WAC: Wholesale acquisition cost is a benchmark used to calculate EAC.


More Definitions of National average drug acquisition cost

National average drug acquisition cost or "NADAC" means the average acquisition cost for drug ingredients for prescribed and covered outpatient drugs determined by a survey of retail community pharmacy providers as published by CMS.
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National average drug acquisition cost means the monthly
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National average drug acquisition cost means the national average of prices at which pharmacies purchase a prescription drug from manufacturers or wholesalers; and
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