Average WAC Pricing File
Connect to the Pricing Concepts You Really Need
As the industry considers alternative pricing concepts suitable for replacing the Average Wholesale Price (AWP) pricing benchmark, Clinical Drug Information seeks to provide our customers with useful options. Created by algorithm, the Average Wholesale Acquisition Cost, or Average WAC, is a proprietary pricing concept that bears some similarities to the Medi-Span Average Average Wholesale Price (AAWP) concept.
What It Does for Your Business
- Provides a new option to support customers' drug pricing analytics
- Improves availability of a WAC-based price for a product when a WAC for a specific NDC is unavailable from the manufacturer
What It Provides
- Both Average WAC (AWAC) and Generic Equivalent WAC (GEWAC) pricing
- Current and up to 12 historical AWAC prices
Delivery Timing Options
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Hundreds of customers see 50% or greater increase in productivity with Medi-Span
See why more healthcare businesses are choosing Medi-Span for their drug data:
Speed to Market
Medi-Span implementation support helped save me one month in speed to market and about $10,000 in development costs.
Medi-Span, in my view, beats everyone else. It helps you find twice as many drug errors – errors that would lead to readmission - in half the amount of time.
(Medi-Span) allows us to provide features that our competitors do not have.
As a claims processor, we rely on Medi-Span and its wealth of drug information to forecast and price claims for our clients. Medi-Span is the go-to (application) that is recognized across the industry for (manufacturer-provided) drug information. They have innovative tools and excellent customer service that will go above and beyond to provide the best available solution.
Medi-Span implementation support helped save me one month in speed to market and about $10,000 in development costs.”
Consistent Pricing Data
It is the source for the benchmark prices consistently used in the PBM industry and the tool we use to hold PBMs accountable to their pricing promises to our employers.
Business cannot survive without Medi-Span data.
Only reliable published resource for (manufacturer-provided) AWP. (Medi-Span proprietary) GPI is therapeutic classification system of choice. It is very enabling, as clinical management rules are easily articulated.
Even in an era where data abounds, there is a terrific amount of uncertainty. People want confidence that what they are seeing is (based on) real (manufacturer-provided information) – Medi-Span provides that confidence.
(Medi-Span) allows for consistency across the company, industry and clients.
Timely and Relevant
The Medi-Span database allows our system to have the latest and most current information available. It is especially needed for package information, interaction checking, and clinical printing.
This is a foundational piece that is used throughout the organization in many systems and is often used to connect data from multiple systems.
Who is Clinical Drug Information?
With the move to team-based care, conflicting data can lead to actual conflicts – from disparity in business decisions to confusion in communication. We research, validate, and synthesize content to show the right data to right people at the right time. With content developed in a consistent manner across all platforms and resources, your team receives aligned drug information no matter when or how they access it. This helps:
- Improve communication
- Reduce confusion
- Enhance patient care
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How can our award-winning drug data help you?
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