Job DescriptionThe Market Access & Patient Services (MAPS) organization within APEX plays an instrumental role in shaping payer market access and patient services strategies for all of AbbVie's domestic brands. As an individual contributor of the Payer Contract Analytics team, you will greatly influence securing market access across all therapeutic areas and payer channels by executing contracting strategies and leading assigned deal model analytics. You will partner with Business Evolution Strategy Development (BESD) functions to build and scale deal analytics that reflect emerging market access and distribution models.
Description As a key member of the Payer Contract Analytics team, this individual will be responsible for performing contract data analytics via data driven payer level analysis for AbbVie's key Payer customer(s) across multiple channels of pharmaceutical businesses such as the Commercial Insurance channel, Medicare and Medicaid Channels.
Demonstrable expertise in Analytics and Finance is essential for this role, requiring collaboration with cross-functional business partners including Marketing, Finance, field-based Account Managers, and IT. The individual in this role will help to ensure AbbVie has the appropriate pricing and contracting parameters for our current products, as well as future pipeline products.
Key Job Responsibilities- Responsible for independently developing analytics related to contracting for key AbbVie brand products & therapeutic areas (Immunology, Migraine, Antipsychotic, GI, Women's Health, HCV) to assess pricing & financial impacts of coverage contracting with National & Regional payers.
- Provide insights into the Payer/GPO contracting dynamics across Commercial & Medicare channels. Collaborate with stakeholders including Finance, Marketing & Field-based Account Managers to ensure optimized decision making on contracting for access and formulary positioning.
- Ensure company has appropriate pricing & contracting analytics for current (in-line) & new (pipeline) products, for each payer deal to maximize access across modeled AbbVie products.
- Perform modeling on deal/ no-deal decision scenarios, inclusive of gross-to-net assessment of any proposed payer contract, ensuring accuracy of analysis, & communicating results & recommendations from analysis to cross-functional stakeholders.
- Lead and prepare clear, concise financial modeling summaries and payer insights to enable coverage negotiations and deliver favorable contract outcomes.
- Collaborate and contribute to internal presentations for approval of strategy & read-outs with key stakeholders & independently address contracting analysis questions. Conduct retrospective analysis of payer contract to ensure Actuals align with forecasted financials & adjust contract model inputs, as needed.
Qualifications- Bachelor's degree required in Statistics, Economics, Actuarial Science, Business Analytics or another quantitative field of study, & 5 years of work experience in financial modeling &/ or data analytics in pharmaceutical, health care or other industry within a consulting firm or professional services environment. Advanced degree preferred.
- Track record of working collaboratively across teams to successfully investigate, model, and deliver analytics-based recommendations to support decision making.
- Strong self-starter with business and financial acumen - prior experience in pharmaceutical contracting analysis with an emphasis on data and financial analysis would be optimal.
- Working knowledge and understanding of the ever-evolving pharmacy channel stakeholder economics, including Payers, Pharmacy benefit managers (PBMs), and Group Purchasing Organizations (GPOs).
- Familiarity with drug price benchmarks across medical and pharmacy benefit channels strongly preferred (e.g., ASP, WAC).
- Experience analyzing patient claims data (e.g. IQVIA LAAD, Symphony Health data) for Pharmacy channel products. Expert level knowledge of enterprise BI tools like PowerBI to extract/ analyze data.
- Fluency in multiple programming languages and statistical analysis tools including but not limited to MS Excel, SQL, R, Python, and Git. Working experience with AWS cloud infrastructure and services (e.g., SageMaker, Bedrock AgentCore) is highly desired.
- Experience developing and delivering insights effectively to cross-functional business partners and BU leaders.
Additional InformationApplicable only to applicants applying to a position in any location with pay disclosure requirements under state or local law:
- The compensation range described below is the range of possible base pay compensation that the Company believes in good faith it will pay for this role at the time of this posting based on the job grade for this position. Individual compensation paid within this range will depend on many factors including geographic location, and we may ultimately pay more or less than the posted range. This range may be modified in the future.
- We offer a comprehensive package of benefits including paid time off (vacation, holidays, sick), medical/dental/vision insurance and 401(k) to eligible employees.
- This job is eligible to participate in our long-term incentive programs.
Note: No amount of pay is considered to be wages or compensation until such amount is earned, vested, and determinable. The amount and availability of any bonus, commission, ncentive, benefits, or any other form of compensation and benefits that are allocable to a particular employee remains in the Company's sole and absolute discretion unless and until paid and may be modified at the Company's sole and absolute discretion, consistent with applicable law.
