How long does a manufacturer have to process and pay a rebate claim once it is received?

The timeframe for a manufacturer to process and pay a rebate claim is typically within 30 to 90 days after the claim is received. This period allows manufacturers to verify the claim's validity, ensure that it conforms to the terms of the rebate agreement, and manage their financial allocation for rebates effectively.

In healthcare and pharmacy benefit management, this process is crucial for maintaining cash flow and ensuring that the rebates provided to pharmacy benefit managers (PBMs) and payers are timely, which in turn affects pricing and patient access to medications. Understanding this timeline helps stakeholders align their expectations and financial planning regarding rebate claims.