Dictionary
The Dictionary provides concise definitions of health economics terms, arranged alphabetically for quick reference. Use it to understand unfamiliar terminology or confirm the meaning of a specific term.
A
- Average Sales PriceMedicare Net Price, ASP Benchmark
- A US Medicare pricing benchmark determining reimbursement for physician-administered drugs, based on actual sales prices net of discounts and rebates.
C
- Confidential DiscountPrivate Discount, Undisclosed Rebate
- A price reduction negotiated privately between a manufacturer and payer, keeping a higher public list price while offering a lower net price.
- Confidential PriceActual Net Price, Net Transaction Price
- The actual net price paid for a treatment following a confidential discount, differing from and typically lower than the publicly disclosed list price.
G
- Gross PricePublished Price, Pre-Rebate Price
- The publicly listed price of a drug before any rebates or discounts are applied, unlike the net price actually realised by the manufacturer.
- Gross-to-NetGross-Net Reduction, List-to-Net Reduction
- The overall reduction from a drug's publicly listed gross price to the actual net price realised after rebates and discounts.
N
- Net PricePost-Rebate Price, Discounted Transaction Price
- The actual price a manufacturer realises for a treatment after all rebates and discounts, distinct from its publicly listed gross price.