At a Glance
- Tasks: Lead strategic pharmacy trade relations and enhance contract performance for impactful healthcare solutions.
- Company: Join Prime Therapeutics, a forward-thinking PBM dedicated to transforming pharmacy care.
- Benefits: Enjoy competitive pay, remote work flexibility, and comprehensive health benefits.
- Why this job: Make a real difference in healthcare while collaborating with diverse teams and partners.
- Qualifications: 10 years in healthcare or pharmacy management; strong negotiation and relationship-building skills.
- Other info: Diverse and inclusive workplace with opportunities for professional growth.
The predicted salary is between 120000 - 200000 £ per year.
The Pharmaceutical Trade Relations Senior Director is responsible for managing Prime's Trade Relations program(s) for medical and pharmacy strategies and all related partner/customer relationships. This position is accountable for the execution of programs and solutions that drive strategic product decisions, pharmaceutical manufacturer contract decisions, and related client messaging. This position is also responsible for analyzing and enhancing contract performance, negotiations, agreement execution, training of internal teams and driving outcome value to internal and external stakeholders.
Responsibilities- Partner internally with Prime teams to align strategies and negotiate with external partners; collaborate on rebate bid analysis and rebate agreement process to ensure alignment with corporate goals, performance standards and expected outcomes.
- Partner with the AVP Pharmaceutical Trade Relations in the development and implementation of strategic initiatives and collaborate with key internal teams to create program/product value to clients, members, providers, and pharmaceutical manufacturers.
- Support client alignment and adoption of strategies; providing direction in messaging and pull-through of strategies with internal stakeholders, including but not limited to, Trade Client Services.
- Working closely with AVP Pharm Trade Relations, partner with Prime's Group Purchasing Organization (GPO), directing work related to pharmacy formulary development, market access functions of branded pharmaceutical manufacturers, and ongoing evaluation of drug therapy classes; ensures effective communication and strategic collaboration with GPO.
- Manage external and internal relationships necessary to position products and solutions within the market or with pharmaceutical manufacturers.
- Represent company objectives and perspective to external partners (i.e., pharmaceutical manufacturers, clients, marketplace, medical professionals, etc.) and communicate to ensure understanding of mutual objectives.
- Ensure manufacturers' products are brought forth internally to evaluate rebate and formulary opportunities for Prime's business.
- Serve as a department resource for escalated client issues, contract analysis, and contract language needs in rebate contracting.
- Represent Trade Relations on committees to identify net-cost effective policy opportunities; support client alignment and adoption of strategies; assure communication with committee members.
- Other duties as assigned.
- Bachelor's degree in business, healthcare management or other related field of study or equivalent combination of education and/or related work experience; HS diploma or GED is required.
- 10 years of related work experience in healthcare, pharmacy benefit management (PBM), pharmaceutical sales, analytical contracting or business development. Must be eligible to work in the United States without the need for work visa or residency sponsorship.
- Excellent verbal and written presentation skills.
- Ability to establish rapport and build relationships at all levels within an organization.
- Expert negotiation and influencing skills.
- Strong business and financial acumen, with advanced proficiency in Excel and PowerPoint.
- MBA, other graduate work, or equivalent training and/or experience.
- Experience within the PBM industry, Medicaid, Medicare, and health plans.
- Pharmacist / Pharm D.
- Experience with contract language and risk mitigation concepts.
Every employee must understand, comply with and attest to the security responsibilities and security controls unique to their job, and comply with all applicable legal, regulatory, and contractual requirements and internal policies and procedures. Every employee must be able to perform the essential functions of the job and, if requested, reasonable accommodations will be made to enable employees with disabilities to perform the essential functions, absent undue hardship. In addition, Prime retains the right to change or assign other duties to this job.
Potential pay for this position ranges from $164,000.00 - $279,000.00 based on experience and skills.
Prime Therapeutics LLC is proud to be an equal opportunity and affirmative action employer. We encourage diverse candidates to apply, and all qualified applicants will receive consideration for employment without regard to race, color, religion, gender, sex (including pregnancy), national origin, disability, age, veteran status, or any other legally protected class under federal, state, or local law.
We welcome people of different backgrounds, experiences, abilities, and perspectives including qualified applicants with arrest and conviction records and any qualified applicants requiring reasonable accommodations in accordance with the law. Prime Therapeutics LLC is a Tobacco-Free Workplace employer.
Pharmacy Trade Relations Director Sr - Remote employer: PRIME Therapeutics
Contact Detail:
PRIME Therapeutics Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Pharmacy Trade Relations Director Sr - Remote
✨Tip Number 1
Network like a pro! Reach out to your connections in the pharmacy and healthcare sectors. A friendly chat can lead to insider info about job openings or even a referral, which can give you a leg up in the application process.
✨Tip Number 2
Prepare for interviews by researching the company and its culture. Understand their values and how they align with your own. This will help you tailor your responses and show that you're genuinely interested in being part of their team.
✨Tip Number 3
Practice your negotiation skills! As a Pharmacy Trade Relations Director, you'll need to demonstrate your ability to negotiate effectively. Role-play common scenarios with a friend to build confidence and refine your approach.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, it shows you’re serious about joining our team and ready to contribute to our mission in the pharmacy sector.
We think you need these skills to ace Pharmacy Trade Relations Director Sr - Remote
Some tips for your application 🫡
Tailor Your Application: Make sure to customise your CV and cover letter for the Pharmacy Trade Relations Director role. Highlight your relevant experience in healthcare, pharmacy benefit management, and any specific achievements that align with the job description.
Showcase Your Skills: We want to see your excellent verbal and written presentation skills shine through. Use clear examples of how you've successfully negotiated or influenced outcomes in previous roles to demonstrate your expertise.
Be Authentic: Let your personality come through in your application. We value diverse backgrounds and experiences, so don’t hesitate to share what makes you unique and how you can contribute to our mission at Prime.
Apply Through Our Website: For the best chance of success, make sure to apply directly through our website. This way, your application will be reviewed by the right people who are eager to find the perfect fit for our team.
How to prepare for a job interview at PRIME Therapeutics
✨Know Your Stuff
Make sure you thoroughly understand the role of Pharmacy Trade Relations Director Sr. Familiarise yourself with the key responsibilities, such as managing trade relations and negotiating contracts. This will help you answer questions confidently and demonstrate your expertise.
✨Showcase Your Negotiation Skills
Since negotiation is a crucial part of this role, prepare examples from your past experiences where you've successfully negotiated contracts or agreements. Be ready to discuss your approach and the outcomes, as this will highlight your suitability for the position.
✨Understand the Market
Research the current trends in the pharmaceutical industry, especially regarding pharmacy benefit management. Being able to discuss recent developments or challenges shows that you're proactive and genuinely interested in the field.
✨Build Rapport
During the interview, focus on building a connection with your interviewers. Use your excellent verbal skills to engage them in conversation, and don’t hesitate to ask insightful questions about the company’s strategies and goals. This demonstrates your interest and helps you stand out.