Director, Payer Contracts

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 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, Group Purchasing Organizations 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 Compensation Base salary per annum: $220,000 – $275,000 USD. 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. 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 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 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. Data Privacy All data is confidential and protected by all legal and data privacy requirements, please see our recruitment Privacy Notice to learn more about how we process personal data. #J-18808-Ljbffr COMPASS Pathways