Generic Dispensing Rate definition

Generic Dispensing Rate or “GDR” means the average rate at which Generic Drugs are dispensed by a Company location and shall be calculated in the aggregate for all applicable Claims (inclusive of Usual and Customary), as outlined below, across all Company locations. GDR = Generic Claims/Total Claims with all Claims measured as a Claim regardless of days supply.
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Generic Dispensing Rate or “GDR” means the average rate at which Generic Drugs are dispensed by a Company location and shall be calculated in the aggregate for all applicable Claims (inclusive of U&C Claims), as outlined below, across all Company locations.
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Examples of Generic Dispensing Rate in a sentence

  • Generic Dispensing Rate (GDR) shall be defined as the number of generic prescriptions dispensed divided by the total number of prescriptions dispensed (brand and generic) on an annual basis.

  • If Medco fails to achieve the applicable Target Generic Dispensing Rate in any Contract Year during the Initial Term, Medco will provide SPONSOR with a credit against future ▇▇▇▇▇▇▇▇ to SPONSOR for such "Generic Dispensing Rate Shortfall" under the Program on a dollar for dollar basis.

  • Generic Dispensing Rate uarantee will be offered on a Participating Group-specific basis, a new Participating Group must complete one full year with PBM before receiving a Guarantee.

  • Medco will guarantee a Retail and Mail Generic Dispensing Rate for the Initial Term of the Agreement as follows: Retail GDR Contract Year 1 Contract Year 2 Contract Year 3 Within 90 days after the end of each Contract Year, Medco will calculate and report the actual Generic Dispensing Rates under the Mail Order and Retail Pharmacy Programs.

  • MAIL January 1, 2021 – December 31, 2021: RETAIL January 1, 2021 – December 31, 2021: 8 The State acknowledges and agrees the Generic Dispensing Rate (“GDR”) guarantees are dollar for dollar with a maximum amount at risk of for mail for retail, combined, reconciled by component.

Related to Generic Dispensing Rate

  • Combination Product means a product (a) containing a Licensed Product together with one or more other active ingredients, or (b) with one or more products, devices, pieces of equipment or components, but sold for an integrated price (e.g., with the purchase of one product the customer gets a coupon for the other) or for a single price.

  • Generic Product means any pharmaceutical product that (i) is sold by a Third Party that is not an Affiliate or licensee of Buyer and (ii) (a) contains the same active pharmaceutical ingredient as the Product or (b) is categorized by the applicable Governmental Entity in a country to be therapeutically equivalent to, or interchangeable with, the Product, such that the pharmaceutical product may be substituted for the Product at the point of dispensing without any intervention by the prescribing physician in such country.

  • Generic drug means a Prescription Drug that is medically equivalent to a Brand Name Drug as determined by the FDA. It meets the same standards as a Brand Name Drug for purity, safety, strength and effectiveness and is manufactured and sold under its chemical, common, or official name.

  • Public display means the showing of the original or a copy of a work—

  • Generic Equivalent or "generically equivalent" means a drug that has an identical amount of the same active chemical ingredients in the same dosage form, that meets applicable standards of strength, quality and purity according to the United States pharmacopeia or other nationally recognized compendium and that, if administered in the same amounts, will provide comparable therapeutic effects. Generic equivalent or generically equivalent does not include a drug that is listed by the federal food and drug administration as having unresolved bioequivalence concerns according to the administration's most recent publication of approved drug products with therapeutic equivalence evaluations.