PTCB Billing and Reimbursement Practice Test

AWP is a published, widely used price reference that represents the average price a pharmacy would be expected to pay to obtain a drug from a wholesaler, based on the manufacturer’s listed prices. It serves as a benchmark rather than the exact amount a pharmacy actually spends after discounts, which is why it’s described as the published average cost paid to the wholesaler. The Wholesale Acquisition Cost is the manufacturer’s list price to wholesalers before discounts, not the published average price used for reimbursement. The Average Actual Acquisition Cost reflects the real price the pharmacy pays after discounts, rebates, and other factors, so it isn’t a published average. The Average Sales Price pertains to Medicare reimbursement for physician-administered drugs and is a different pricing measure entirely.