Manager, Payer Contract Analytics - National/Regional Payers

Initial Therapeutics, Inc.; Mettawa (IL); On-site; USD 80,000 - 110,000; Full time

Benefits offered by this job

Paid time off

Medical insurance

Dental insurance

Vision insurance

401(k) plan

Short-term incentive programs

Long-term incentive programs

Job summary

Join a forward-thinking company as a key member of the Payer Contract Analytics team, where you'll leverage your expertise in financial modeling and data analytics to drive impactful decisions in pharmaceutical contracting. This dynamic role combines analytics and finance, requiring collaboration with various stakeholders to ensure optimal pricing strategies for innovative products. If you're passionate about making a difference in healthcare and thrive in a collaborative environment, this is the perfect opportunity for you to contribute to meaningful projects that enhance patient care and access.

Qualifications

• 5+ years in financial modeling/data analytics in pharma or healthcare.
• Strong acumen in contracting analysis and stakeholder economics.

Responsibilities

• Perform analytics on contracting for key products and therapeutic areas.
• Collaborate with cross-functional teams for optimized decision making.

Skills

Financial Modeling

Data Analytics

Business Analytics

Statistical Analysis

Communication Skills

Education

Bachelor's in Statistics, Economics, or related field

Master's in Statistics, Economics, or related field

Tools

PowerBI

IQVIA LAAD

Symphony Health Data

Job description

Company Description

AbbVie's mission is to discover and deliver innovative medicines and solutions that solve serious health issues today and address the medical challenges of tomorrow. We strive to have a remarkable impact on people's lives across several key therapeutic areas: immunology, oncology, neuroscience, and eye care, as well as products and services in our Allergan Aesthetics portfolio. For more information about AbbVie, please visit us at www.abbvie.com.

Job 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.

The role is a meld of Analytics and Finance, 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 analytics for our current products, as well as future pipeline products.

Key Job Responsibilities

• Responsible for performing analytics related to contracting for key products & therapeutic areas (Immunology, Migraine, Antipsychotic, GI, Women's Health, HCV) to assess qualitative & financial impacts of contracting with National & Regional payers.
• Provide insights into the Payer customer contracting dynamics across Commercial & Medicare channels & businesses. Collaborate with stakeholders including Finance, Marketing & Field-based Account Managers to ensure optimized decision making on contracting for access.
• Ensure the company has appropriate pricing & contracting analytics for current (in-line) & new (pipeline) products, for this payer.
• Perform analysis on deal/no-deal decisions, inclusive of gross-to-net assessment of any proposed payer contract, ensuring accuracy of analysis, & communicating results & recommendations from analysis to cross-functional stakeholders.
• 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 models, as needed.
• Supervise the work of junior team members, as required.

Qualifications

The individual in this role should have the following background:

• Must have a Bachelor's degree in Statistics, Economics, Actuarial Science, Business Analytics, or a highly related field of study, & 5 years of work experience in financial modeling &/ or data analytics in the pharmaceutical, health care or other industry that requires in-depth business/data analytics.
• Alternatively, would accept a Master's in the same disciplines & 3 years of work experience in financial modeling &/ or data analytics in the pharmaceutical, health care or other industry that requires in-depth business/data analytics.
• Strong business and financial acumen; prior experience in pharmaceutical Contracting analysis with an emphasis on data and financial analysis would be optimal.
• A working knowledge and understanding of the ever-evolving pharmacy channel stakeholder economics, including Payers, Pharmacy benefit managers (PBMs), Group Purchasing Organizations (GPOs).
• Experience analyzing patient claims data (e.g. IQVIA LAAD, Symphony Health data) for Pharmacy channel products. Expert level knowledge of tools like PowerBI to extract/analyze data and communicate a story through insights.
• Ability to develop insights and communicate effectively to cross-functional business partners.

Additional Information

Applicable 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 short-term incentive programs.

• 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, incentive, benefits, or any other form of compensation and benefits that are allocable to a particular employee remain 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.

AbbVie is an equal opportunity employer and is committed to operating with integrity, driving innovation, transforming lives, serving our community and embracing diversity and inclusion. It is AbbVie's policy to employ qualified persons of the greatest ability without discrimination against any employee or applicant for employment because of race, color, religion, national origin, age, sex (including pregnancy), physical or mental disability, medical condition, genetic information, gender identity or expression, sexual orientation, marital status, status as a protected veteran, or any other legally protected group status.

US & Puerto Rico only - to learn more, visit https://www.abbvie.com/join-us/equal-employment-opportunity-employer.html.

US & Puerto Rico applicants seeking a reasonable accommodation, click here to learn more:

https://www.abbvie.com/join-us/reasonable-accommodations.html