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

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

• The Pharmaceutical Manufacturer agrees to provide a State Supplemental Rebate for each of its Covered Products that is paid by the Department and dispensed to Medicaid Members by Pharmacies for each calendar quarter that Covered Products are included in the Preferred Drug List.

• The Pharmaceutical Manufacturer will pay to the Department the State Supplemental Rebate amount to which the Department is entitled in accordance with the formula set forth in Attachment B, within thirty-eight (38) days after receipt of the Department’s invoice.

• The Department shall remit the appropriate share of the State Supplemental Rebate payments made under the Agreement to CMS as required under its approved State plan.

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 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 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 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. 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 Virginia Medicaid expenditure and that supplements the Federal rebate. State supplemental rebate amounts

State Supplemental Rebate or “Supplemental Rebate” shall mean any monetary payment remitted by the Manufacturer, pursuant to this Agreement, that supplements the Federal Rebate.