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 means the monthly survey of retail pharmacies
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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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Examples of National average drug acquisition cost in a sentence

  • CONCLUSIONThe reported results suggest that the use of these textile electrodes instead of conventional 3M Red Dot does not significantly influence the EBI measurement.

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


More Definitions of National average drug acquisition cost

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 or “NADAC” means the single national price 5 benchmark for pharmacy reimbursement developed by CMS and based on average drug acquisition 6 costs which benchmark shall be derived from periodic surveys of actual costs paid by pharmacies net of 7 discounts and rebates.
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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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National average drug acquisition cost means the national average drug acquisition cost, or NADAC, for a prescription drug or other service that is:
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Related to National average drug acquisition cost

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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.

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