Manufacturer Administrative Fees definition
Examples of Manufacturer Administrative Fees in a sentence
Accordingly, Prime (or Claim Administrator, as applicable) retains all right, title and interest to any and all actual Rebates, payments, discounts, or other allowances and/or Manufacturer Administrative Fees received from manufacturers.
In addition, Prime has advised Claim Administrator that Prime receives Manufacturer Administrative Fees for bona fide administrative services provided to the Manufacturer.
As of the Effective Date, Prime has disclosed to Claim Administrator that the maximum that Prime will receive from any Manufacturer for Manufacturer Administrative Fees is five and one-half percent (5.5%) of the wholesale acquisition cost (“WAC”) for all products of such Manufacturer dispensed during any given calendar year to members of Claim Administrator, as applicable; provided, however, Claim Administrator will advise Employer if such maximum has changed.
Prime or Claim Administrator contracts with Manufacturers directly or indirectly, for Rebates and Manufacturer Administrative Fees on its own behalf (or Claim Administrator's behalf, as applicable) and for its own benefit (or Claim Administrator's benefit, as applicable), and not on behalf of Employer.
Employer shall have no right, title or interest in Manufacturer Administrative Fees.
Manufacturer Administrative Fees are included in the guaranteed rebate arrangement.
ESI will pay SCPS amounts equal to the Rebate and Manufacturer Administrative Fees amounts allocated to SCPS, as specified above, from ESI’s general assets (neither SCPS, its Members, nor SCPS’s plan retains any beneficial or proprietary interest in ESI’s general assets).
No amounts for Rebates or Manufacturer Administrative Fees will be paid until this Agreement is executed by SCPS.
ESI contracts with pharmaceutical manufacturers for Rebates and Manufacturer Administrative Fees on its own behalf and for its own benefit, and not on behalf of SCPS.
Prescription Drug Rebates do not include any discount, price concession, Manufacturer Administrative Fees, or other direct or indirect remuneration PBM receives for the purchase of a Prescription Drug or for the provision of any products or services to manufacturer(s).