What are the responsibilities and job description for the Business Advisor-Government Pricing position at Vistex?
The Vistex Government Pricing Business Advisor is accountable for the service provided to multiple pharmaceutical companies to ensure timely and accurate calculation of government prices utilized for federal drug reimbursement. The Government Pricing Business Advisor is a government pricing subject matter expert that our customers operations teams may query and receive advice and guidance with questions in their area of expertise.
Responsibilities
- Advise on how to manage complex Government Pricing concepts such as bundles, discount reallocation, pro-rationing and smoothing.
- Manage the calculations and / or guide customers on the following price methods: Average Manufacturer Price (AMP), Best Price (BP), Average Sales Price (ASP), PHS/340B, non-Federal Average Manufacturer Price (nFAMP), Federal Ceiling Price (FCP) and Medicaid Unit Rebate Amount URA.
- Advise customers on best practices for set-up and management of government contracts. Veterans Administration Federal Supply Schedule including tracking customer definition, tracking and reporting. Public Health Systems 340b contract management and analysis.
- Identify, disseminate, and explain trends and findings to management and/or business partners.
- Expected to continually build detailed subject matter expertise and thought leadership in area of government program regulations and share this knowledge.
- Knowledgeable of monthly and quarterly source data reconciliation and sales data used in price reporting calculations and ensure reports are in accordance with government regulations.
- Advising on Class of Trade assignments in accordance with regulations and client guidelines.
- Knowledgeable of 340B/PHS pricing and maintenance per the federal regulation
- Responsible for calculation and reporting of Government prices for all NDCs.
- Guide and / or lead client price calculation and/or restatement efforts as needed.
- Stay current and provide business guidance to customers related to the life science’s Commercial and/or regulatory landscape (such as IRA, MDRP, State 340B, etc.) and asses any potential impact on gov’t pricing and Gross to Net.
- Drive proactive and reactive analytics and insights through digital initiatives that help improve Forecasting, Contracting Decisions, Pricing Decisions and Timing, Business Planning
About us: The Vistex platform helps businesses finally get control of all their different promotions, rebates, SPAs, discounts, and other incentives. With so many programs across so many partner relationships, it can be impossible to see where all the money is going, let alone how much difference it’s actually making to revenue. With Vistex, business leaders can see the numbers, see what really works, and see what to do next – so they can make sure every dollar they spend really is driving more growth, not just more costs. It’s why global enterprises ranging from Coca-Cola to Sony to Grainger rely on Vistex every day. Vistex | Now it all adds up.™
