Actual acquisition cost means the cost to the provider including quantity and other special discounts except time and cash discounts.
Actual acquisition cost means the purchase price of a drug paid by a pharmacy net of all discounts, rebates, chargebacks and other adjustments to the price of the drug, not including professional fees.
Actual acquisition cost or “AAC” means the pharmacy reimbursement rate methodology 19 that a State may implement to replace AWP as the basis for drug pricing; which methodology shall be 20 based on the NADAC and approved by CMS for claiming against Medicaid and shall be based on 21 random surveyed pharmacies regarding their Acquisition Costs, as periodically updated.
Examples of Actual acquisition cost in a sentence
Medications will be invoiced at Vendor’s Actual Acquisition Cost (AAC) at the time of dispensing plus the Dispensing Fee per prescription and stock piece as determined by the Member's ADP and the year of the contracting cycle.
Non-sterile compounded medications will be billed at Diamond’s Actual Acquisition Cost per ingredient plus compounding labor plus twenty dollars per piece.
Change to the PharmaCare Maximum Price Policy and rescinding of Actual Acquisition Cost Policy The maximum PharmaCare will reimburse for brand and generic drugs eligible for PharmaCare coverage will be the manufacturer list price plus 8%.
More Definitions of Actual acquisition cost
Actual acquisition cost means the price paid to a manufacturer by a hearing aid provider for a hearing aid or accessory, as documented on the manufacturer’s invoice, less any applicable discounts or rebates. The actual acquisition cost shall be verified by a copy of the manufacturer’s invoice;
Actual acquisition cost means the price paid for an
Actual acquisition cost or “AAC” means the Agency's determination of the pharmacy providers' actual prices paid to acquire drug products marketed or sold by specific manufacturers.
Actual acquisition cost or “AAC”– is the amount paid by a pharmacy to the Manufacturer for a unit of the Drug Product and does not include any re-imbursement by the Manufacturer to the pharmacy of dispensing fees or inventory allowances as a result of the purchase of the Drug Product by the pharmacy.
Actual acquisition cost means the invoice price paid by the Provider for the Covered Medications including the applicable wholesaler’s upcharge if any.
Actual acquisition cost. – means the purchase price of a drug paid by a
Actual acquisition cost means the cost of a product to a pharmacy or dispensing physician, based on reasonable and customary purchasing practices, which is calculated by: