Results for Glossary
Brand Penalty:
The cost difference between the generic and brand name drug.
Direct Generics:
Generic medications that are the same chemical entity as their patent-expired brand name counterparts.
Indirect generics:
Generic medications that treat the same conditions as other brand name medications but are a different chemical entity.
Maintenance Drugs:
Drugs that you take on an ongoing basis to treat chronic conditions, such as high blood pressure or cholesterol.
Non-Preferred Brand Name (or Non-Formulary) Drugs:
Drugs that tend to be expensive and usually have a more cost-effective generic or preferred brand name alternative.
Preferred Brand Name (or Formulary) Drugs:
Drugs that have been determined to provide effective treatment when used as intended, and typically cost less than non-preferred brand name drugs.
Value-based Drugs:
Medication for high blood pressure, high cholesterol and diabetes that Rockwell Automation has identified for a special pricing schedule, which cost 50% less compared to non-value-based drugs.
