Director, 340B Strategy

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Summary:

We are currently seeking a Director, 340B Strategy to join the US Pricing, Analytics and Innovation team within MAx, located at our headquarters in Princeton, NJ. (A Washington D.C. location is also acceptable.) MAx is refining the focus of their supportive capabilities to the legal, policy & government affairs and commercial teams by dedicating a full-time role to focus on cross-portfolio 340B Strategy. (MAx is our Market Access, Pricing and Value Demonstration organization at BMS)

You will work cross functionally with internal and external stakeholders to evaluate current BMS 340B processes and strategies, recommending advanced solutions to ensure BMS practices remain compliant and cutting edge.  The role will also be a key SME advisor to the US Policy, Government Affairs and Stakeholder Alliances teams at the Federal and State levels, and the Pricing and Contracting Operations teams within MAx.

Responsibilities:

• Work with the Executive Director to identify specific areas of focus, understanding this can and likely will evolve over time.

• For aligned areas, identify opportunities for improvement.  Once those are prioritized and approved by the 340B Working Group and Executive Committee, drive the project from ideation to execution.

• Engages with internal and external stakeholders to remain abreast of key evolutions in 340B across hospitals, pharmacies, wholesalers and actions of other manufacturers, ensuring a high level of subject matter expertise.

• Drive the updates to the 340B working group and affiliated leadership updates and tracks cross-functional project activity across MAx, Legal and USPGA.

• Leads the cross-functional execution of novel projects related to 340B.

• Leads the companies efforts related to 340B good faith inquiries and audits.

• Creates and delivers 340B education and trainings across the enterprise.

• Work cross-functionally with leaders from Legal, BI&T, MAx, USPGA (State and Federal) and Commercial.  More specifically, is a support to legal and policy team members as needed.

• Collaborates with colleagues across Global and US Pricing and within the team for ongoing 340B analytics, business practice updates and management of external responses.

• Drive digital transformation by identifying opportunities to automate pricing processes and implement scalable digital tools.

• Champion process innovation by evaluating current pricing practices and recommending digital enhancements to improve efficiency and accuracy.

Qualifications:

• BA/BS required; MBA/graduate degree preferred.

• Minimum of 10 years of pharmaceutical industry experience in a market access role, with a deep understanding of US pricing dynamics across various customer and insurance segments.

• Experience collaborating closely with policy and legal on business strategies.

• Experience in pricing, access or brand strategy and pricing analytics preferred.

• Knowledge of IT solution implementation or experience on implementing IT solutions across a broad matrix team preferred within MAx.

• Individual should have a proven track record demonstrating breadth and depth across Pricing, Access, BMS values and exemplary achievement of performance objectives.

• Demonstrated experience in leading strategically, communicating with impact, approaching complex issues in an innovative way, and creating a strong, inclusive, energizing culture.

• Demonstrated ability to study complex laws and policies and translate them to leadership audiences.

• Demonstrated experience in working on undefined, new projects and successfully implementing them to improve the capabilities of their division is required.

• Experience in mobilizing matrix team members, embracing teamwork within a cross functional environment will be critical

• Demonstrated experience leveraging and/or implementing, AI-driven insights and digital tools to enhance customer engagement strategies, optimize HCP/patient experience, and drive data-informed commercial decision-making

• Experience with process automation technologies (e.g., RPA, workflow automation tools, or scripting) is highly desirable

The starting compensation for this job is a range from $196,160 - $237,700, plus incentive cash and stock opportunities (based on eligibility).

The starting pay rate takes into account characteristics of the job, such as required skills and where the job is performed.

Final, individual compensation will be decided based on demonstrated experience. 

Eligibility for specific benefits listed on our careers site may vary based on the job and location. For more on benefits, please visit our  Working With Us (bms.com)

Benefit offerings are subject to the terms and conditions of the applicable plans then in effect and may include the following: Medical, pharmacy, dental and vision care. Wellbeing support such as the BMS Living Life Better program and employee assistance programs (EAP). Financial well-being resources and a 401(K). Financial protection benefits such as short- and long-term disability, life insurance, supplemental health insurance, business travel protection and survivor support. Work-life programs include paid national holidays and optional holidays, Global Shutdown Days between Christmas and New Year’s holiday, up to 120 hours of paid vacation, up to two (2) paid days to volunteer, sick time off, and summer hours flexibility. Parental, caregiver, bereavement, and military leave. Family care services such as adoption and surrogacy reimbursement, fertility/infertility benefits, support for traveling mothers, and child, elder and pet care resources. Other perks like tuition reimbursement and a recognition program.

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If you come across a role that intrigues you but doesn’t perfectly line up with your resume, we encourage you to apply anyway. You could be one step away from work that will transform your life and career.

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On-site Protocol

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Site-essential roles require 100% of shifts onsite at your assigned facility. Site-by-design roles may be eligible for a hybrid work model with at least 50% onsite at your assigned facility. For these roles, onsite presence is considered an essential job function and is critical to collaboration, innovation, productivity, and a positive Company culture. For field-based and remote-by-design roles the ability to physically travel to visit customers, patients or business partners and to attend meetings on behalf of BMS as directed is an essential job function.

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