State Supplemental Rebate definition

State Supplemental Rebate means any cash rebate that offsets Virginia Medicaid expenditure and that supplements the federal rebate. State supplemental rebate amounts shall be calculated in accordance with the Virginia Supplemental Drug Rebate Agreement Contract and Addenda.

State Supplemental Rebate means, with respect to the Covered Product(s), the quarterly payment by the Manufacturer pursuant to Section 4.2 of this Agreement.

State Supplemental Rebate means any cash rebate that offsets Virginia Medicaid expenditure and that supplements the Federal rebate. State supplemental rebate amounts shall be calculated in accordance with the National Medicaid Pooling Initiative (NMPI).

Examples of State Supplemental Rebate in a sentence

• Either party may, at any time and at its own expense, hire a mutually agreed upon independent auditor to verify the accuracy of the Department’s calculation of the State Supplemental Rebate or the Manufacturer’s calculations and payment figures.

• The Manufacturer shall pay to the Department the State Supplemental Rebate amount in accordance with the formula set forth in Attachment B.

• This State Supplemental Rebate is in addition to the CMS Rebates.

• This State Supplemental Rebate is in addition to the National Rebates.

• The Department and Manufacturer have entered into this Agreement for the purpose of establishing a State Supplemental Rebate for utilization of the Manufacturer’s Preferred and Recommended Product(s) by the Medicaid Population, which will be in addition to rebates received under the National Medicaid Drug Rebate Agreement, pursuant to 42 U.S.C. § 1396r-8.

More Definitions of State Supplemental Rebate

State Supplemental Rebate means an amount paid on a calendar quarter basis by the Pharmaceutical Manufacturer to the Department for covered product utilization under the Department’s fee for service Medicaid program pursuant to this Agreement. The State Supplemental Rebate is in Attachment B. For the purpose of this Agreement, the designated formula shall be listed on Attachment B.

State Supplemental Rebate means the quarterly payment by the manufacturer, using the supplemental rebate amount per unit for each NDC listed in Schedule A of this agreement, multiplied by the number of units of the corresponding NDC of the COD listed on the Schedule A of this contract. This rebate will be in addition to the required CMS Rebates, as defined in 1.4 and 1.5 of this Agreement.

State Supplemental Rebate means. with respect to the Supplemental Covered Product(s). the quarterly payment by Manufacturer pursuant to Section 4.2 of this Agreement.

State Supplemental Rebate means any cash rebate that offsets: (a) a Participating Medicaid Program expenditure and supplements a CMS National Rebate. State Supplemental Rebate amounts shall be the quarterly amount invoiced by a State Medicaid Agency under this Agreement, as calculated in accordance with the TOP$sm Multistate Supplemental Drug Rebate Formulae (Attachment B). Where a Participating Medicaid Program has elected to include Medicaid MCO utilization as permitted under this Agreement and the Participating Medicaid Program’s Medicaid Plan, the term “State Supplemental Rebate” shall include the rebates invoiced hereunder with respect to such Medicaid MCO utilization, in addition to the applicable state fee-for-service Medicaid utilization. In no case may the State Supplemental Rebate amount be a negative amount.

State Supplemental Rebate means the quarterly amount invoiced by the DMMA as calculated in accordance with the Contracted Products Attachment. Pursuant to 42 C.F.R. § 447.504(h), State Supplemental Rebates are excluded from AMP. Pursuant to 42 C.F.R. § 447.505(d), State Supplemental Rebates are excluded from Best Price.

State Supplemental Rebate means any cash rebate that offsets Virginia Medicaid expenditure and that supplements the Federal rebate. State supplemental rebate amounts

State Supplemental Rebate means the quarterly amount invoiced by the State as calculated in accordance with the Contracted Product Attachment of this Agreement. Pursuant to 42 C.F.R. §447.504(c)(19),