Ferring Pharmaceuticals Inc.
Director, Government Pricing, Pricing Administration & Reimbursement
Ferring Pharmaceuticals Inc., Parsippany, New Jersey, us, 07054
Job Description:
As a privately-owned, biopharmaceutical company, Ferring pioneers and delivers life-changing therapies that help people build families and live better lives. Our independence helps us cultivate an entrepreneurial spirit and long-term perspective that enables us to achieve growth and scale, while remaining agile and true to our 'people first' philosophy. Built on a 70-year plus commitment to science and research, Ferring is relentless in its pursuit of science that drives powerful discoveries and therapies to help people build families, stay healthy, and stand up to the world's oldest enemy: disease.
The Director of Government Pricing, Pricing Administration and Reimbursement will lead the related areas and report to the Senior Director, Market Access. Responsibilities include management of government price calculation and submission processes, administration of government contracts, assessment and payment of managed care and government rebates, administration and support of pricing across channels for all inline and launch products.
This position is responsible for the accurate payment of all commercial and government rebate and administration fees. This individual will serve as a lead resource and business partner for the payer, sales and marketing departments to communicate contracting, pricing, and government price impacts. The individual will also be a subject matter expert to the US Pricing Committee on matters related to Government Pricing.
With Ferring, you will be joining a recognized leader, identified as one of "The World's Most Innovative Companies" by Fast Company, and honored by Fortune with inclusion on its "Change the World List," for addressing society's unmet needs. Ferring US is also Great Places to Work® Certified, distinguishing it as one of the best companies to work for in the country.
Responsibilities:Lead the Government Pricing, Pricing Administration and Reimbursement teamMaintain compliance with government programs including Medicaid, Medicare Part D, Coverage GAP, Medicare Advantage, TRICARE, VA FSS, and PHS/340B.Lead the Government Pricing area including external vendors to ensure accurate calculations of monthly/quarterly pricing reports and submissionsDrive initiatives and direction to optimize company net revenue as it relates to government pricing impactWork with offer development team to calculate, forecast, and provide insights for external ASP reporting (CMS Payment Allowance basis)Lead the development of long-term price and contracting administration processes proceduresWork closely with Managed Care Field teams and offer development colleagues to develop plans to effectively evaluate contract options that impact any government payers, impacted health systems, Long Term Care, federal markets, Medicaid, and MedicareLead efforts to communicate WAC prices and pricing rebate programs for in line and newly launched products, including compendia reporting as well as State price transparency law communicationsManage the accurate payment of all Ferring commercial and government rebates, as well as all commercial administrative fees and wholesaler/distributor service fee payments.Requirements:
Bachelor's degree required; Graduate Degree preferred12+ years' experience in the US pharmaceutical industry with an emphasis in pricing, finance, and/or market access.Minimum of 6 years in pharmaceutical Government pricingClear understanding of health economics, financial analysis, US Pricing, and Government affairs / policy. Experience using knowledge to diagnose business strengths and weaknesses, and to identify threats and business opportunitiesUnderstanding of buy and bill reimbursement / Medical benefit adjudicationDemonstrated ability to interact with all levels of management including field sales, marketing, medical affairs, regulatory, and vendor partnersPrevious direct report leadership experience preferredPosition requires maturity, patience, analytical, excellent verbal, written and presentation skillsWorks across and influences multiple functions including marketing, account management, regulatory, business analytics, legal, finance, third party logistics, and consulting partnersWorks across all therapeutic areasStrong planning and modeling skillsCan communicate complex calculations and strategies at an executive level.Continual education on key industry trends that may impact Ferring businessManages Vendors and ConsultantsTravel 10-20%Strong computer skills: Word, Excel, Power Point, etc.
Location - Parsippany, NJ
Ferring + you
At Ferring, we offer competitive total compensation along with an exceptional range of flexible benefits, personal support and tailored learning and development opportunities all designed to help you realize your full potential both in life and at work. From working hours that respect your lifestyle, a culture that is welcoming and equitable, and the chance to work with the industry's most impressive people, these are just some of the ways we live our "People First" philosophy.
Our Compensation and Benefits
At Ferring, base salary is one part of our competitive total compensation and benefits package and is determined using a salary range. The base salary range for this role is $174,000 to $254,150, which is the reasonable estimate of the base compensation for this role. The actual amount paid may differ based on non-discriminatory factors such as experience, knowledge, skills, abilities, education and primary work location. Additional compensation for this role will be provided based on competitive annual incentive compensation targets in the form of an annual bonus - payouts are based on individual and company performance.
Benefits for this role include comprehensive healthcare (medical, dental, and vision) with a premium differential, inverse to base salary, to be paid by employees, a 401k plan and company match, short and long-term disability coverage, basic life insurance, wellness benefits, reimbursement for certain tuition expenses, sick time of 1 hour per 30 hours worked, vacation time for full time employees to accrue up to 120 hours in the first four (4) years of employment, and 160 hours in the fifth (5th) year of employment as well as 12 to 13 paid holidays per year. We are proud to offer 26 weeks of paid parental leave, learn more about the parental leave offering in our benefits package here.
Ferring is an equal opportunity employer. All aspects of employment will be based on merit, competence, performance, and business needs. We do not discriminate on the basis of race, color, religion, marital status, age, national origin, ancestry, physical or mental disability, medical condition, pregnancy, genetic information, gender, sexual orientation, gender identity or expression, veteran status, or any other status protected under federal, state, or local laws.
Join our team and your voice will be heard, and your contributions will be valued. If you love to come up with new ways to make a positive difference and see them through, you will fit right in.
We are proud to be an Affirmative Action/Equal Opportunity Employer (including Disability/Protected Veterans). We maintain a drug-free workplace.
Location:Parsippany, New Jersey
As a privately-owned, biopharmaceutical company, Ferring pioneers and delivers life-changing therapies that help people build families and live better lives. Our independence helps us cultivate an entrepreneurial spirit and long-term perspective that enables us to achieve growth and scale, while remaining agile and true to our 'people first' philosophy. Built on a 70-year plus commitment to science and research, Ferring is relentless in its pursuit of science that drives powerful discoveries and therapies to help people build families, stay healthy, and stand up to the world's oldest enemy: disease.
The Director of Government Pricing, Pricing Administration and Reimbursement will lead the related areas and report to the Senior Director, Market Access. Responsibilities include management of government price calculation and submission processes, administration of government contracts, assessment and payment of managed care and government rebates, administration and support of pricing across channels for all inline and launch products.
This position is responsible for the accurate payment of all commercial and government rebate and administration fees. This individual will serve as a lead resource and business partner for the payer, sales and marketing departments to communicate contracting, pricing, and government price impacts. The individual will also be a subject matter expert to the US Pricing Committee on matters related to Government Pricing.
With Ferring, you will be joining a recognized leader, identified as one of "The World's Most Innovative Companies" by Fast Company, and honored by Fortune with inclusion on its "Change the World List," for addressing society's unmet needs. Ferring US is also Great Places to Work® Certified, distinguishing it as one of the best companies to work for in the country.
Responsibilities:Lead the Government Pricing, Pricing Administration and Reimbursement teamMaintain compliance with government programs including Medicaid, Medicare Part D, Coverage GAP, Medicare Advantage, TRICARE, VA FSS, and PHS/340B.Lead the Government Pricing area including external vendors to ensure accurate calculations of monthly/quarterly pricing reports and submissionsDrive initiatives and direction to optimize company net revenue as it relates to government pricing impactWork with offer development team to calculate, forecast, and provide insights for external ASP reporting (CMS Payment Allowance basis)Lead the development of long-term price and contracting administration processes proceduresWork closely with Managed Care Field teams and offer development colleagues to develop plans to effectively evaluate contract options that impact any government payers, impacted health systems, Long Term Care, federal markets, Medicaid, and MedicareLead efforts to communicate WAC prices and pricing rebate programs for in line and newly launched products, including compendia reporting as well as State price transparency law communicationsManage the accurate payment of all Ferring commercial and government rebates, as well as all commercial administrative fees and wholesaler/distributor service fee payments.Requirements:
Bachelor's degree required; Graduate Degree preferred12+ years' experience in the US pharmaceutical industry with an emphasis in pricing, finance, and/or market access.Minimum of 6 years in pharmaceutical Government pricingClear understanding of health economics, financial analysis, US Pricing, and Government affairs / policy. Experience using knowledge to diagnose business strengths and weaknesses, and to identify threats and business opportunitiesUnderstanding of buy and bill reimbursement / Medical benefit adjudicationDemonstrated ability to interact with all levels of management including field sales, marketing, medical affairs, regulatory, and vendor partnersPrevious direct report leadership experience preferredPosition requires maturity, patience, analytical, excellent verbal, written and presentation skillsWorks across and influences multiple functions including marketing, account management, regulatory, business analytics, legal, finance, third party logistics, and consulting partnersWorks across all therapeutic areasStrong planning and modeling skillsCan communicate complex calculations and strategies at an executive level.Continual education on key industry trends that may impact Ferring businessManages Vendors and ConsultantsTravel 10-20%Strong computer skills: Word, Excel, Power Point, etc.
Location - Parsippany, NJ
Ferring + you
At Ferring, we offer competitive total compensation along with an exceptional range of flexible benefits, personal support and tailored learning and development opportunities all designed to help you realize your full potential both in life and at work. From working hours that respect your lifestyle, a culture that is welcoming and equitable, and the chance to work with the industry's most impressive people, these are just some of the ways we live our "People First" philosophy.
Our Compensation and Benefits
At Ferring, base salary is one part of our competitive total compensation and benefits package and is determined using a salary range. The base salary range for this role is $174,000 to $254,150, which is the reasonable estimate of the base compensation for this role. The actual amount paid may differ based on non-discriminatory factors such as experience, knowledge, skills, abilities, education and primary work location. Additional compensation for this role will be provided based on competitive annual incentive compensation targets in the form of an annual bonus - payouts are based on individual and company performance.
Benefits for this role include comprehensive healthcare (medical, dental, and vision) with a premium differential, inverse to base salary, to be paid by employees, a 401k plan and company match, short and long-term disability coverage, basic life insurance, wellness benefits, reimbursement for certain tuition expenses, sick time of 1 hour per 30 hours worked, vacation time for full time employees to accrue up to 120 hours in the first four (4) years of employment, and 160 hours in the fifth (5th) year of employment as well as 12 to 13 paid holidays per year. We are proud to offer 26 weeks of paid parental leave, learn more about the parental leave offering in our benefits package here.
Ferring is an equal opportunity employer. All aspects of employment will be based on merit, competence, performance, and business needs. We do not discriminate on the basis of race, color, religion, marital status, age, national origin, ancestry, physical or mental disability, medical condition, pregnancy, genetic information, gender, sexual orientation, gender identity or expression, veteran status, or any other status protected under federal, state, or local laws.
Join our team and your voice will be heard, and your contributions will be valued. If you love to come up with new ways to make a positive difference and see them through, you will fit right in.
We are proud to be an Affirmative Action/Equal Opportunity Employer (including Disability/Protected Veterans). We maintain a drug-free workplace.
Location:Parsippany, New Jersey