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What is the average wholesale price (AWP)? In the United States, the average wholesale price (AWP) is a pharmaceutical term that describes the average price paid by a retailer to buy a drug from the wholesaler.
In the United States, the average wholesale price (AWP) is a prescription drug term referring to the average price for medications offered at the wholesale level. [1] The metric was originally intended to convey real pricing information to third-party payers, including government prescription drug programs.
This paper defines the average wholesale price (AWP), which has become an important benchmark for prescription drug pricing and reimbursement.
The average wholesale price (AWP) is a measurement of the price paid by pharmacies to purchase drug products from wholesalers in the supply chain.4 The most common source for AWP data for drug pricing comes from the compendia produced by Medi-Span and First DataBank.3 The estimated acquisition cost (EAC) is an estimated price that state Medicaid...
What Does Average Wholesale Price (AWP) Mean? Often referred to as the “sticker price” of prescription drugs, the Average Wholesale Price (or AWP) is a benchmark figure that represents the average price at which wholesalers sell drugs to pharmacies and other providers.
The average wholesale price (AWP) is the average price at which wholesalers sell prescription drugs. It serves as a benchmark or list price in the pharmaceutical industry and is typically higher than the actual price paid by purchasers due to discounts, rebates, and other pricing negotiations.
Example: Average wholesale price + 20% + $5 dispensing fee. The pharmacy then sells the drug at that price. If you don’t have insurance or access to another savings opportunity, this is the price you’ll pay.
Medi-Span pricing data provides you with a wide variety of pricing concepts, including Average Wholesale Price (AWP) and Wholesale Acquisition Cost (WAC), as well as key reimbursement attributes, so you can more confidently make decisions.
Average Wholesale Price (AWP) The pure price set by industry for a specific drug. Does not include discounts, rebates, etc. Commonly found in pharmacy contracts.
The average wholesale price (AWP) is the retail list price for drugs sold by pharmacies. For brand name drugs, the AWP is typically about 20 percent above the WAC, but for generic drugs the “spread” between the WAC and AWP is more varied and can be substantially larger.