ABS Participation Agreement Terms

This ABS Participation Agreement (the “Agreement”) is entered into by the (“Member”) and ABS on the date of online submission of Member’s authorized representative.

ABS Member Agreement

1. What ABS Does: ABS enters into agreements with vendors to provide discounted products and services to medical practices. Vendors offer these discounts because they anticipate brand loyalty and a higher volume of sales. By signing this Agreement, you become a member of ABS and authorize it to negotiate discounted prices on your behalf.
2. How It Works: Member will purchase products & services directly from vendors subject to terms and conditions offered by vendors. While ABS negotiates favorable pricing, it is not responsible for the vendor's or member's obligations under these separate transactions.
3. Member Agreements: Member agrees to use the products and services purchased for its own use and not resell them. Member will permit its wholesalers and distributors to report purchasing data to vendors, and will permit vendors reasonable access to provide information or service materials. Member shall keep the terms of this Agreement and any pricing received confidential.
4. Vaccines: Member agrees to use the full portfolio of vaccine-related pharmaceutical products covered under the ABS contracts in the volume and ratios contemplated by the recommended immunization schedules. All vaccine-purchasing contracts previously entered into will be discontinued by member.
5. Fees: Member pays no fee to ABS. ABS is compensated for its services by vendors based on vendor sales. With respect to purchases governed by 42 U.S.C. 1320a-7b(b) and 42 C.F.R. § 1001.952(j), such compensation will not exceed 4.5%, and the amount of such compensation with respect to purchases made by Member will be reported to Member annually.
6. Compliance: Member shall comply with applicable laws and regulations, including 42 U.S.C. § 1320a-7b(b)(3)(A) and the discount "safe harbor" regulation set forth at 42 C.F.R. § 1001.952(h). Any discounts provided, including any portion of administration fees.