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Definitions for "Dispensing Fee"
Keywords:  pharmacist, pharmacy, prescription, medicaid, overhead
Related Terms: Network pharmacy, Participating pharmacy, Prescription drug plan, Medicare prescription drug plan, Drug formulary, Formulary, Pharmacy benefit manager, Usual, customary and reasonable, Usual, customary, and reasonable, Mma, Copay, Medicare part d, Fee-for-service reimbursement, Part d, Actual charge, Pbm, Customary charge, Reasonable and customary, Allowable costs, Balance billing, Copayment, Fee-for-service, Co-payment, Fee schedule, Approved amount, Medicare-approved amount, Fee for service, Non-formulary drugs, Donut hole, Allowable charge, Eligible expenses, Limiting charge, Allowed amount, Maximum allowable cost, Preferred drug list, Ucr, Allowed charge, Reasonable and customary charge, Capitation, Compounding pharmacy, Pharmacy and therapeutics committee, Exception, Reasonable and customary charges, Auto-enrollment, Assignment, Original medicare, Covered charges, Fee-for-service plan, Dental health maintenance organization, Pharmacy
An amount added to the prescription ingredient cost by a pharmacy to determine a prescription price. The dispensing fee represents the charge for the professional services provided by the pharmacist when dispensing a prescription (including overhead expenses and profit). Most direct pay insured prescription programs use dispensing fees to establish pharmacy payment for prescriptions.
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The pharmacist's charge for filling a prescription (also see Professional Fee).
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After being authorized by the state legislature, the state's Medicaid agency reimburses the pharmacy provider a minimum of $4.23 per prescription, over the cost of the drug, to prepare and dispense a Medicaid prescription.
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