What Does AMP Stand For?
AMP stands for Average Manufacturer Price
AMP, or Average Manufacturer Price, is a standardized measure used in the pharmaceutical industry to represent the average price paid to manufacturers by wholesalers for outpatient drugs. It is a vital benchmark for evaluating drug pricing and reimbursement processes, helping to ensure transparency and fairness in the healthcare system. AMP is often utilized by government programs and insurance providers to determine reimbursement rates and assess drug affordability.
Added on 27th September 2008 | Last edited on 16th June 2025 | Edit Acronym