Medical billing terms 1

The "payer" or pharmacy manager of a specific insurance company that handles the electronic portion of each plan

Average Wholesale Price

the portion of the cost of a prescription that the patient must pay to the pharmacy and is determined by the insurance plan

A select list of preferred drugs that are approved for payment through an insurance company as a members benefit

The technical name for the location of a processor and is made up of pharmacy technicians, pharmacists and customer representatives