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Pharmacy Billing & Reimbursement > DRUG PRICING > Flashcards

DRUG PRICING Flashcards

1
Q

Wholesale Acquisition Cost (WAC)

A

is the price a wholesaler would pay a manufacturer to purchase a drug

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2
Q

Why is WAC important?

A

is commonly used when pricing drug items

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3
Q

How is WAC used to price a drug item?

A

the amount the pharmacy charges the patient (retail cost) is typically determined using the equation:

Retail Cost = WAC + Markup + Dispensing Fee

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4
Q

dispensing fee

A

a fee charged by the RPH to cover cost associated with filling the prescription

  • ex: paying employee wages, recordkeeping
  • around $2-$12 per prescription
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Pharmacy Billing & Reimbursement (4 decks)

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