Relative volume and types of diagnostic, therapeutic, and hospital/facility bed services used in managing a particular illness.
Tag: MEDICAL
Average weekly wages (AWW)
In workers’ compensation cases, employee’s ability to earn wages including tips, gratuities, and nonmonetary earnings, expressed as a weekly earnings amount. AWW is established by using earnings from up to the 12 months (52 weeks) prior to the injury and divided by the actual number of weeks used.
Average wholesale price (AWP)
1. Pharmaceutical price based on common data and written in a pharmacy provider contract. 2. Average cost for a medicine charged to pharmacy providers by a pharmaceutical wholesaler supplier.