Director, Payer Contracts

About this role

<div class="content-intro"><p><span style="font-size: 14pt;"><strong>Company introduction:</strong></span></p> <p><span style="font-size: 12pt;">Compass Pathways plc (Nasdaq: CMPS) is a biotechnology company dedicated to accelerating patient access to evidence-based innovation in mental health. The Company is headquartered in London, UK, with offices in New York City in the US. We focus on developing novel treatments that have the potential to improve the lives of those who are suffering with mental health conditions and who are not helped by current treatments.   </span></p> <p><span style="font-size: 12pt;">We are pioneering a new paradigm for treating mental health conditions focused on rapid and durable responses through the development of our investigational COMP360 synthetic psilocybin treatment, potentially a first in class treatment. COMP360 has Breakthrough Therapy designation from the US Food and Drug Administration (FDA) and has received Innovative Licensing and Access Pathway (ILAP) designation in the UK for treatment-resistant depression (TRD) due to the pressing unmet need in this area. </span></p> <p><span style="font-size: 12pt;">We are currently in phase 3 for TRD, have completed phase 2 studies for both post-traumatic stress disorder (PTSD) and anorexia nervosa and are planning a further late-stage study in PTSD. We envision a world where mental health means not just the absence of illness but the ability to thrive. - </span><a style="font-size: 12pt;" href="https://compasspathways.com/">Compass Pathways</a><span style="font-size: 12pt;">.</span></p></div><p><span style="font-size: 14pt;"><strong>Job overview:</strong></span></p> <p><span style="font-size: 12pt;">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. </span></p> <p><span style="font-size: 12pt;">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.</span></p> <p><span style="font-size: 12pt;">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</span>.  </p> <p><strong><span style="font-size: 14pt;">Location: </span></strong><span style="font-size: 12pt;">Hybrid in our New York City office or remote on the East Coast in the United States.</span></p> <p><strong><span style="font-size: 14pt;">Reports to:</span> </strong><span style="font-size: 12pt;">Senior Director, Market Access Payer and Contract Strategy.</span></p> <p><span style="font-size: 14pt;"><strong>Roles and responsibilities <br></strong>(<em>Include but are not limited to</em>): </span></p> <p><span style="font-size: 12pt;"><strong>Contract Operations & Strategy Execution</strong></span></p> <ul> <li style="font-size: 12pt;"><span style="font-size: 12pt;">Establish <strong>formal policies/procedures for the entire contracting process</strong>, including touchpoints with all stakeholders</span></li> <li style="font-size: 12pt;"><span style="font-size: 12pt;">Incorporate approved pricing/contracting strategies into <strong>formal Contract Guidelines</strong></span></li> <li style="font-size: 12pt;"><span style="font-size: 12pt;"><strong>Pressure test the rationale</strong> for each contract, and <strong>ensure that economic terms and conditions align with</strong> Compass’ overall <strong>strategic direction</strong></span></li> <li style="font-size: 12pt;"><span style="font-size: 12pt;"><strong>Provide input on pricing and non-price terms</strong>, including awareness of downstream and Government Pricing considerations, including potential implications on ASP and “buy and bill” model</span></li> <li style="font-size: 12pt;"><span style="font-size: 12pt;">Finalize business cases to <strong>support the contract review and approval processes</strong></span></li> <li style="font-size: 12pt;"><span style="font-size: 12pt;"><strong>Adhere to payer requirements</strong> regarding portal management, bid processes/timelines, etc. <strong>needed to establish formal contracts</strong>.</span></li> <li style="font-size: 12pt;"><span style="font-size: 12pt;"><strong>Support negotiations and implementation of contracts</strong> in partnership with cross-functional teams</span></li> <li style="font-size: 12pt;"><span style="font-size: 12pt;"><strong>Manage vendors that assist Compass…