Director, Payer Contracts

Key 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
• Maintain oversight of each contract appropriately for ongoing compliance

Contracting Strategy Support

• 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

Cross-Functional Collaboration

• Partner closely with Market Access, Legal, Finance, Brand, Field Sales, Data Management, and Government Affairs
• Demonstrate and align to Compass Pathways ways of working

Professional Experience/Qualifications

• Strong Market Access business and financial acumen, with an emphasis on Biopharmaceutical experience in commercial and government payer contracts and pricing
• 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

Education

• Bachelor’s degree required in Business, Finance, Economics, or related field
• Master’s degree preferred in one of the above listed programs