Pharmaceutical rebate definition
Pharmaceutical rebate means a discount or other price concession or fee that is paid by a manufacturer or third party directly or indirectly to a PBM or a pharmacy that causes the PBM or pharmacy to pay less than retail or list price for a drug. Fees may include, but are not limited to, rebate administrative fees, market share fees, a health management fee, a data sales fee, or an educational fee.
Pharmaceutical rebate means a formulary discount or concession attributable to the utilization of prescription drugs in the state of Maine, that is paid by a manufacturer to a pharmacy benefit manager after the pharmacy benefit manager processes a claim from a pharmacy.