What Does AWP Stand For?
AWP stands for Average Wholesale Price
AWP, or Average Wholesale Price, refers to a benchmark used in the pharmaceutical industry to determine the average price at which drugs are sold by manufacturers to wholesalers. It serves as a pricing reference for healthcare providers, insurers, and pharmacies in the reimbursement and purchasing processes. AWP is often utilized in Medicare and Medicaid programs as a basis for calculating drug reimbursements, making it a critical factor in the overall healthcare pricing landscape.
Added on 27th September 2008 | Last edited on 16th June 2025 | Edit Acronym