Drug Price Listing System: Who Qualifies and What You Get
Learn how the Drug Price Listing System sets standardized medication rates for pharmacies dispensing insurance-covered drugs.
The Drug Price Listing System is a framework used to set standardized reimbursement rates for medications covered by insurance.
Who it's for
This system applies to all pharmacies that dispense medications covered by national health insurance.
What you get
Pharmacies receive standardized reimbursement rates for the medications they dispense, ensuring consistent pricing for insurance-covered drugs.
What it costs you
To stay compliant, you will need to perform regular software updates to ensure your systems stay synchronized with the official pricing databases.
The catch to know
If you dispense a drug that is not included on the current official price list, the medication will not be eligible for reimbursement.
How to apply
- Ensure your pharmacy is registered to dispense insurance-covered medications.
- Set up software capable of syncing with the official pricing databases.
- Regularly update your systems to reflect the most recent price listings.
- Verify all dispensed medications against the current list to ensure reimbursement.
For more information, visit the official portal: https://www.hira.or.kr