Director, Payer Contracts
COMPASS Pathways
New York, NY, USA
USD 220k-275k / year + Equity
Company introduction:
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.
Job overview:
The Director, Payer Contracts is responsible for the establishment, operationalization, and oversight of the entire lifecycle of commercial and government payer contracts to support the successful commercialization of COMP360.
This role will play a critical part in developing contract strategy, guidelines, policies/procedures to ensure that our overall strategic direction is properly deployed. In addition, the Director of Payer contracts is responsible for the preparation/submission of bids, execution of contracts, and monitoring of payers’ ongoing compliance with terms and conditions.
The Director of Payer Contracts will coordinate closely with matrix stakeholders to ensure that the trends affecting the needs of our key customer base properly align with the brands’ overall strategy and goals.
Location: Hybrid in our New York City office or remote on the East Coast in the United States.
Reports to: Senior Director, Market Access Payer and Contract Strategy.
Roles and responsibilities
(Include but are not limited to):
Contract Operations & Strategy Execution
- 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.
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
Candidate Profile:
- Bachelor’s degree required in Business, Finance, Economics, or related field, Master’s degree preferred
- 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
【For NYC】Compensation Description (annually):
Please note that the base salary range is a guideline, and individual total compensation will vary based on factors such as qualifications, skill level, competencies, and work location.
Base pay is one part of the Total Package that is provided to compensate and recognise employees for their work and any role at Compass, regardless of the location, is eligible for additional discretionary bonuses and equity.
Benefits & Compensation:
For an overview of our benefits package and compensation information, please visit "Working at Compass".
Equal opportunities:
Reasonable accommodation
We are committed to building a workplace where everyone’s wellbeing matters. If you need reasonable accommodation during the interview process to be at your best, please let our recruiting team know.
UK applicants
We are proud of our commitment to diversity and equality (pursuant to the Equality Act 2010). We do not discriminate based upon race, religion or belief, colour, nationality, ethnic or national origin, gender, pregnancy or maternity, marital or civil partner status, sexual orientation, gender reassignment, age or disability.
US applicants
Compass Pathways is proud to be an equal opportunity employer. All employment decisions are based on business needs, job requirements, and individual qualifications, without regard to race, religion, color, national origin, sex (including pregnancy, childbirth, and related medical conditions), ethnicity, age, disability, sexual orientation, gender identity, gender expression, military service, genetic information, familial or marital status, or any other status, category, or characteristic protected by applicable law.
Sponsorship:
Unfortunately, we cannot sponsor employment visas and can only accept applications if you have employment rights in the country to which you are applying.
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