Symposium A (Full Day): Fundamentals of Government Pricing Programs
Part II: Understand How to Calculate Critical Price Types Such as AMP, URA, Best Price, Base Line AMP
This session will cover everything MDRP; Past, Present & Future and is applicable to veterans and beginners alike providing the context for current processes and challenges industry professionals are facing. Attendees will get a timeline and overview of how the Medicaid Drug Rebate program has evolved including milestone changes over the years. At the conclusion of this session, attendees will understand what the calculations are, how they are made, and answer any questions related to their completion. In addition, this session seeks to clear any confusion you might have and will walk you through the rationale behind the importance, methodologies and approaches you can use to calculate and recalculate the AMP, BP and Medicaid Unit Rebate Amount. If the AMP and/or BP confuse you, this is the session that will clear up that confusion. Questions to be addressed:
• What is AMP and BP?
• What are they used for?
• Why are they important?
• How do you calculate them and are there different methodologies?
• When are recalculations necessary?