Medi-Span definition
Examples of Medi-Span in a sentence
In particular, the Parties acknowledge that the Committees have timely and properly objected to the Magistrate's Order of May 3, 2004 denying the Committees' motion to intervene and that the Committees will have 30 days from the lifting of the stay to file supplemental arguments in support of the objections after which a normal pleading cycle will commence.
If after the Effective Date: (i) changes to the formula, methodology or manner in which AWP is calculated or reported by Medi-Span take effect or (ii) Medi-Span ceases to publish AWP for the Covered Prescription Drug Services under this Exhibit, then the financial terms of this Exhibit shall be automatically adjusted at the time of such change to return the Parties to their respective economic positions as they existed under the Agreement immediately prior to such change.
On March 30, 2009, the US District Court for the District of Massachusetts entered the final order and judgment approving the class action settlement for the First DataBank (FDB) and Medi-Span average wholesale price (AWP) litigation.
As a result of this settlement, both FDB and Medi-Span reduced the mark-up factor used to calculate AWP for any drug whose mark-up was in excess of 1.20 to 1.33 times the wholesale acquisition cost (WAC) effective September 26, 2009.
Manage patent expirations through: • Monthly summary of drug news, including first time generics • Weekly Medi-Span report with exact dates of new drug availability • Press releases soon after release of new high-impact generics • Clinical consultants will proactively help customers manage patent expirations and make recommendations to the County.
Maintain computerized control of ingredient pricing through the use of a single, auditable industry resource such as Medi-Span and applicable to both mail order (including Specialty) and retail prescriptions.
If the AWP pricing source (e.g., Medi-Span) changes the methodology for calculating AWP in a way that changes the economics of the program, or if the pricing source replaces AWP or you decide to use another pricing benchmark other than AWP or another pricing source (hereinafter “AWP Change or Replacement”), including prior to the Effective Date, the Parties agree to modify the program pricing terms such that the modified program pricing terms are cost-neutral or better for both the County and members.
Prescription drugs and insulin, whether identified by their chemical, proprietary, or non-proprietary name, that are accepted by the U.S. Food and Drug Administration as therapeutically equivalent and interchangeable with drugs having an identical amount of the same active ingredient and so indicated by MediSpan or any other similar publication designated by HMO or an affiliate.
If Medi-Span does not provide an AWP for a particular 11-digit NDC (and Meritain and PBM Vendor have not agreed upon another drug pricing source for such NDC), the applicable AWP for such prescriptions will be the lowest cost AWP per unit for such Covered Drug as reported by Medi-Span.
All Brand Pricing Guarantees will be reconciled based on Medi-Span multi-source code field M, N, or O, excluding House Generics, as defined herein.