The Associate Director, Government Pricing (GP) position is a key member of Regeneron’s government pricing team, which includes supporting the accurate calculation and timely submission of all required government price reporting.
Included in this role is responsibility for assuring compliance with all pricing and reporting requirements legislated by the Centers for Medicare & Medicaid Services (CMS), the Department of Veterans Affairs and any state legislation required price reporting. This includes a full understanding of all current legislation and staying abreast of pending legislation. Government Pricing Calculations include: Medicaid, Medicare Part B, Public Health Service (PHS)/340B, and Federal Supply Schedule (FSS), which includes: TriCare and the Industrial Funding Fee (IFF). The Associate Director will work collaboratively with Contracting Strategy supporting the overall strategy, contracting and/or payment activities.
A typical day may include the following:- Ability to calculate, validate and report accurate monthly, quarterly, and annual government pricing.
- Submit and monitor State Price Transparency regulations.
- Complete understanding of calculation reasonable assumptions and methodologies and ability to research and communicate cause of variances of results when comparing current period to prior periods.
- Perform all necessary processes needed to ensure compliant submissions including, but not limited to G/L reconciliations, Class of Trade (COT) review, and PHS/340b eligibility review.
- Associate Director will review calculations with Senior Management and obtain approval signoff (and executes any other required Standard Operating Procedures (SOPs)) before communicating prices to the appropriate government agencies (Center for Medicare and Medicare (CMS), Veterans Affairs (VA)/Department of Defense (DOD), etc.) or internally.
- Responsible for maintaining and updating SOP’s and reasonable assumptions, on a quarterly basis, as related to Government Programs/Pricing.
- Monitor policies, procedures and processes supporting Government Pricing submissions and related areas to ensure ongoing compliance with external and internal requirements and guidance.
- Understand and estimate impact of pricing and policy changes regarding government pricing.
- Perform pricing research and analysis on special projects as assigned.
- Ability to review and understand commercial contract language as pertaining to Best Price (BP), Average Sales Price (ASP) and FSS Tracking Customers.
- Investigate Government pricing trends and cross channel impact. Also provide Government price inputs to the Gross to Net (GTN) team.
- Monitor for Tracking customer violations, Bona Fide Service Fee treatments & Customer COT assignment.
- Participate on cross-functional teams as a subject matter expert representing the Government Pricing and Contract Operations as required to evaluate and implement business strategies and initiatives.
- Serve as a liaison with Commercial Leadership, Pricing, Trade, Brand and Accounting/Finance teams regarding a variety of issues impacting government pricing.
- Familiar with Fair Market Value methodology while determining bonafide service fees paid to Wholesaler, Pharmacy Benefit Manager (PBM) and Group Purchasing Organizations (GPOs).
- 7+ years prior experience in Government Pricing OR a related field such as finance, accounting, Medicare/Medicaid (with strong analytical skills)
- Understanding of current government pricing rules, regulations, and calculations
- Must be able to identify potential problems, conduct analysis and use judgment to determine if problem exists as well as offer up potential solutions.
- Highly analytical, able to analyze, interpret, and convey data and its commercial impact
- Ability to decipher calculations to determine key causes of variances.
- Strong communication skills and ability to communicate effectively to all levels of the organization.
- Process oriented
- Proven ability to successfully manage competing priorities, meet challenging deadlines, and work independently and across organizations
- Demonstrated track record of strong attention to detail; accountability and ownership of results; flexibility and adaptability in a rapidly changing environment
Does this sound like you? Apply now to take your first step towards living the Regeneron Way! We have an inclusive culture that provides comprehensive benefits, which vary by location. In the U.S., benefits may include health and wellness programs (including medical, dental, vision, life, and disability insurance), fitness centers, 401(k) company match, family support benefits, equity awards, annual bonuses, paid time off, and paid leaves (e.g., military and parental leave) for eligible employees at all levels! For additional information about Regeneron benefits in the US, please visit https://careers.regeneron.com/en/working-at-regeneron/total-rewards/. For other countries’ specific benefits, please speak to your recruiter.
Please be advised that at Regeneron, we believe we are most successful and work best when we are together. For that reason, many of Regeneron’s roles are required to be performed on-site. Please speak with your recruiter and hiring manager for more information about Regeneron’s on-site policy and expectations for your role and your location.
Regeneron is an equal opportunity employer and all qualified applicants will receive consideration for employment without regard to race, color, religion or belief (or lack thereof), sex, nationality, national or ethnic origin, civil status, age, citizenship status, membership of the Traveler community, sexual orientation, disability, genetic information, familial status, marital or registered civil partnership status, pregnancy or parental status, gender identity, gender reassignment, military or veteran status, or any other protected characteristic in accordance with applicable laws and regulations. The Company will also provide reasonable accommodation to the known disabilities or chronic illnesses of an otherwise qualified applicant for employment, unless the accommodation would impose undue hardship on the operation of the Company's business.
For roles in which the hired candidate will be working in the U.S., the salary ranges provided are shown in accordance with U.S. law and apply to U.S.-based positions. For roles which will be based in Japan and/or Canada, the salary ranges are shown in accordance with the applicable local law and currency. If you are outside the U.S, Japan or Canada, please speak with your recruiter about salaries and benefits in your location.
Please note that certain background checks will form part of the recruitment process. Background checks will be conducted in accordance with the law of the country where the position is based, including the type of background checks conducted. The purpose of carrying out such checks is for Regeneron to verify certain information regarding a candidate prior to the commencement of employment such as identity, right to work, educational qualifications etc.
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