1. What is a Price per mg Calculator for Medicare?

Definition: This calculator determines the cost per milligram of medication based on the total price and mass.

Purpose: It helps healthcare professionals and patients understand medication costs at a granular level for better cost analysis and comparison.

2. How Does the Calculator Work?

The calculator uses the formula:

Where:

• \( C \) — Cost per milligram (USD/mg)
• \( P \) — Total cost (USD)
• \( m \) — Mass (mg)

Explanation: The total medication cost is divided by the total mass to determine the cost per milligram.

3. Importance of Price per mg Calculation

Details: Calculating price per milligram allows for accurate medication cost comparisons between different brands, dosages, and formulations.

4. Using the Calculator

Tips: Enter the total medication cost in USD and the total mass in milligrams. All values must be > 0.

5. Frequently Asked Questions (FAQ)

Q1: Why calculate price per milligram?
A: It standardizes cost comparison across different package sizes and strengths.

Q2: How do I find the total medication cost?
A: This is typically the price you pay for the medication (before insurance) or the Medicare reimbursement rate.

Q3: Where do I find the mass information?
A: Check the medication label or package insert for the total active ingredient mass.

Q4: Does this include dispensing fees?
A: No, this calculates only the drug cost. Add dispensing fees separately if needed.

Q5: Can I use this for compounded medications?
A: Yes, if you know the total cost and total active ingredient mass.