Pharmaceutical Chargebacks
Managing pharmaceutical chargebacks are crucial for manufacturers. They reimburse wholesalers for selling drugs at negotiated prices to contracted customers and groups, ensuring fair compensation and market stability.
Understanding the Chargeback Process in Pharmaceuticals
Chargebacks are essential for reimbursing wholesalers when they sell drugs at negotiated rates under manufacturer contracts. This ensures pharmacies and other customers receive agreed-upon prices, while wholesalers are compensated for the difference between their acquisition cost (WAC) and the contract price. This difference is the chargeback amount.
- Contract Negotiation: Manufacturers agree on pricing with customers.
- Discounted Sales: Distributors sell at the agreed-upon lower price.
- Chargeback Claim: Distributors submit claims for reimbursement.
FAQs
A chargeback is a payment adjustment made by manufacturers to reimburse distributors for the difference between wholesale acquisition cost and contracted sale prices.
Claims are submitted through our online portal, where you provide details of the sale and supporting documentation for processing.
Claims may be denied due to missing documentation, incorrect pricing, or non-compliance with contractual terms.