Director, Payer Contracts
About The Position
Compass Pathways plc (Nasdaq: CMPS) is a biotechnology company dedicated to accelerating patient access to evidence-based innovation in mental health. The Company is headquartered in London, UK, with offices in New York City in the US. We focus on developing novel treatments that have the potential to improve the lives of those who are suffering with mental health conditions and who are not helped by current treatments. We are pioneering a new paradigm for treating mental health conditions focused on rapid and durable responses through the development of our investigational COMP360 synthetic psilocybin treatment, potentially a first in class treatment. COMP360 has Breakthrough Therapy designation from the US Food and Drug Administration (FDA) and has received Innovative Licensing and Access Pathway (ILAP) designation in the UK for treatment-resistant depression (TRD) due to the pressing unmet need in this area. We are currently in phase 3 for TRD, have completed phase 2 studies for both post-traumatic stress disorder (PTSD) and anorexia nervosa and are planning a further late-stage study in PTSD. We envision a world where mental health means not just the absence of illness but the ability to thrive. - Compass Pathways.
Requirements
- Bachelor’s degree required in Business, Finance, Economics, or related field
- Strong Market Access business and financial acumen, with an emphasis on Biopharmaceutical experience in commercial and government payer contracts and pricing.
- Ability to work in a matrixed environment while demonstrating and aligning to Compass Pathways ways of working.
- Robust understanding of pharmacy channel stakeholder economics, including Payers, Pharmacy benefit managers (PBMs), Group Purchasing Organizations (GPOs),
- Working knowledge of Medical benefit products economics such as ASP pricing, physician reimbursement and interplay between Pharmacy and Medical contracting.
- Ability to develop insights and communicate effectively to influence executive level decisions.
- 7+ years of work experience in Market Access and Payer contracts
Nice To Haves
- Master’s degree preferred
Responsibilities
- Establish formal policies/procedures for the entire contracting process, including touchpoints with all stakeholders
- Incorporate approved pricing/contracting strategies into formal Contract Guidelines
- Pressure test the rationale for each contract, and ensure that economic terms and conditions align with Compass’ overall strategic direction
- Provide input on pricing and non-price terms, including awareness of downstream and Government Pricing considerations, including potential implications on ASP and “buy and bill” model
- Finalize business cases to support the contract review and approval processes
- Adhere to payer requirements regarding portal management, bid processes/timelines, etc. needed to establish formal contracts.
- Support negotiations and implementation of contracts in partnership with cross-functional teams
- Manage vendors that assist Compass with contract, rebate, and claims administration
- Monitor each contract appropriately for ongoing compliance.
- Contribute to pricing and contracting strategies at overall Payer level and individual payer-specific level scenario
- Understand how federal/state legislative changes and payer policy changes may impact contracts/strategy, customers, and other stakeholders
- Lead the design and refinement of contracting programs and pricing approaches responsive to market dynamics and customer needs
- Partner closely with Market Access, Legal, Finance, Brand, Field Sales, Data Management, and Government Affairs
Benefits
- additional discretionary bonuses
- equity
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What This Job Offers
Job Type
Full-time
Career Level
Director
