Depomed, Inc. Saint Louis , MO 63150
Responsible for leading and managing business strategies for large national insurers and pharmacy benefit management companies to achieve net financial goals. Responsible for maximizing reimbursement and access to attain sales and other corporate goals within assigned national accounts. Effectively manages business plans, clinical presentations, value messaging, and coordination with sales management. Provides national payer and market perspective to cross-functional colleagues and business partners and collaborates with such partners in order to optimize corporate return on investment. Keeps Company abreast of shifting customer and market trends, competitive positioning, and other major factors that impact the long term ability to achieve strategic business results and to position Depomed as a leader in pain management. Builds enduring relationships with key customers including C-Suite Executives. Demonstrated track record of delivering successful outcomes in negotiations with C-Suite Executives.
ESSENTIAL JOB FUNCTIONS:
Responsible for managing the performance and executing strategies to enhance and maintain optimal access for the Depomed portfolio in the payor space.
Responsible for creating, implementing and driving account level business (revenue/profit) for Managed Care accounts (MCOs, Medicaid, PBMs and Employer Groups). These customers include, but not limited to pharmacy benefit managers, pharmacy and medical directors, formulary directors, clinical pharmacists and pharmaceutical contracting managers.
This role will lead contract negotiations, present value propositions and provide insights to achieve strategic goals across all accounts in the assigned market.
Incorporate knowledge of dynamic and complex marketplace and business trends to deliver maximum access to the portfolio of Depomed products.
Ensure access goals, targeted reimbursement and / or formulary positions
Prioritize activity on-going with account meetings to include: business reviews, clinical presentations, in-services, marketing updates and related business activities
Coordinate, implement and follow-through on all managed care contracts, preferred formulary positions, promotions or incentives
Develop relationships within assigned accounts with breadth and depth well beyond the contracting function and roles at key accounts
Review submitted rebate claims and validate eligibility for payment
Penetrate accounts to uncover business opportunities by developing solid professional relationships with key business and clinical decision makers
Notify field sales management of any/all managed care programs or initiatives that could directly or indirectly effect or impact field sales activity
Collaboration with Regional Account Managers supporting activities with regional affiliates and other National Account Directors for establishing best practices
Establish strong relationships with cross functional teams and provide on-going clear communication to ensure clarity of access positions and support pull-through efforts.
Conduct quarterly business reviews with key account personnel
Align business planning activities with field sales goals including leadership for pull thru programs for Regional Account Managers.
Demonstrate financial acumen to analyze contract profitability and market share performance to enhance contracts.
Coordinate and integrate full/partial field sales support for managed care programs
Organize and participate in meetings, exhibits, conventions, and advisory groups to create sales/marketing opportunities and to establish sound relations with our customer base
Maintain assigned budget
Requirements EDUCATION and EXPERIENCE:
Four year degree in business or related experience and/or training; equivalent combination of education and experience
10 years' medical sales management experience
Successful track record negotiating deals that drive profitability
5 years Managed Care account management experience preferred
Current experience working with CVS/Caremark PBM preferred.
Previous track record of positive sales results required
Previous track record of success within the managed markets segment required.
50% to 60% overnight travel is required with this position
Assertio Therapeutic is a leading specialty pharmaceutical company committed to putting the Patient First in everything we do; with a focus on enhancing the lives of patients, families, physicians, providers and in payors through commercialization of products in the areas of neurology, orphan and specialty therapies.
Assertio has a clear THREE PILLAR strategy for growth:
MAINTAIN a strong/profitable NUCYNTA franchise through a commercialization agreement with Collegium, GROW the Neurology Business and BUILD a new Specialty Business through a recent Cosyntropin transaction. The company's strategy is to continue to identify, license and develop new products-that offer enhanced therapeutic options to patient populations that may be underserved by existing therapies.
Assertio is an AA/EEO/Veterans/Disabled employer.