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 topricing 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.

[Base salary per annum]:

$220,000-$275,000 USD

Benefits & Compensation:

For an overview of our benefits package and compensation information, please visit "Working at Compass".