Job Description:As a privately-owned, biopharmaceutical company, Ferring pioneers and delivers life-changing therapies that help people build families and live better lives. Our independence helps us cultivate an entrepreneurial spirit and long-term perspective that enables us to achieve growth and scale, while remaining agile and true to our 'people first' philosophy. Built on a 70-year plus commitment to science and research, Ferring is relentless in its pursuit of science that drives powerful discoveries and therapies to help people build families, stay healthy, and stand up to the world's oldest enemy: disease. As the Director, Health Economics and Outcomes Research you will DRIVE the global health economic and outcomes research strategy for his/her assigned Ferring compounds through lifecycle, with an emphasis on addressing the evidentiary needs of our US operations, to demonstrate product value thereby strengthening commercialization activities for inline, launch and pipeline products. LEAD the development of health economic and patient-reported outcomes evidence. Proactively PARTNER with all relevant internal stakeholders (project directors, clinical development, medical affairs, market access, GMO, regulatory) to ensure that the available clinical evidence is optimized for market access. Continually INNOVATE with the affiliate-based HEOR community and external HEOR advisors (KOLs) to document product value. Apply new, innovative, scientific HEOR evidence methods to strengthen data demonstrating value of Ferring products. With Ferring, you will be joining a recognized leader, identified as one of The World's Most Innovative Companies by Fast Company, and honored by Fortune with inclusion on its Change the World List, for addressing society's unmet needs. Ferring US is also Great Places to Work® Certified, distinguishing it as one of the best companies to work for in the country.
Responsibilities: Establish the strategic and tactical direction of value demonstration projects supporting assigned TA and/or products
- Develop and implement economic models and instruments to promote the understanding and appropriate use for Ferring products, as well as the economic implications based on clinical performance and budget impact
- Promote and ensure compliant evidence-based data generation and strategy to support sound principles for economic, humanistic and economic value demonstration
- Effectively and efficiently manage multiple HEOR related projects and associated resources, including cost center budget, vendors, consultants and other expenses related to /HEOR
- Create policies, procedures and guidelines related to functional role(s), pursuing efficiencies without compromising quality, dependability or accuracy; ensure compliance to departmental, organizational, and global standards and SOPs
Continuously expand HEOR by identifying and implementing outcomes-based research across Therapeutic Areas
- Contribute HEOR input to strategic product publications plan and develop materials supporting product use and reimbursement, including presentations, manuscripts, etc.
- Partner with relevant internal stakeholders to strengthenproduct value propositions to optimize price, patient access, reimbursement and uptake
- Manage the integration of economic and quality of life parameters into Ferring sponsored clinical studies to support the markets
- Deliver US-specific economic models and integrated value dossiers to demonstrate the additional therapeutic value of Ferring's products
- Identify, select and manage external vendors, as needed to implement and deliver on Value Based Outcomes initiatives
Serve as anadvisor and HEOR subject matter expert
- Work closely with a wide variety of functions such as Market Access, Medical Affairs, Finance, Legal and Compliance to ensure the payer evidentiary requirements are met
- Initiate and maintain relationships with external HEOR experts/Thought Leaders (TLs) to ensure up to date awareness and education in health economics and quality of life research
- Break down barriers to accelerate the delivery and dissemination of information
Act as a key cross-functional scientific communicator and collaborator to develop outcomes strategies, assessment, messaging and quality improvement plans
Requirements: - Post-graduate degree in life-science related discipline (health economics, patient-reported outcomes, medicine, pharmacy, epidemiology, psychology); PhD desirable
- 10+ years in HEOR roles within pharma industry and/or life-science consultancy or relevant experience with a track record of documented successes
- Direct interaction with multiple national HTA bodies around the world. Experience addressing regional and local market access hurdles.
- Demonstrated understanding and experience with the dynamics of the US health care system and payers
- In-depth knowledge of the scientific principles of health outcomes and economics research, clinical outcomes assessment (COA) and patient reported outcomes (PROs), comparative effectiveness, evidence-based health management
- Full understanding and appreciation of recognised good research practice standards within those fields of responsibility
Location - Parsippany, NJ
Ferring + you At Ferring, we offer competitive total compensation along with an exceptional range of flexible benefits, personal support and tailored learning and development opportunities all designed to help you realize your full potential both in life and at work. From working hours that respect your lifestyle, a culture that is welcoming and equitable, and the chance to work with the industry's most impressive people, these are just some of the ways we live our People First philosophy.
Our Compensation and Benefits At Ferring, base salary is one part of our competitive total compensation and benefits package and is determined using a salary range. The base salary range for this role is $222,000 to $271,000, which is the reasonable estimate of the base compensation for this role. The actual amount paid may differ based on non-discriminatory factors such as experience, knowledge, skills, abilities, education and primary work location. Additional compensation for this role will be provided based on competitive annual incentive compensation targets in the form of an annual bonus - payouts are based on individual and company performance. Benefits for this role include comprehensive healthcare (medical, dental, and vision) with a premium differential, inverse to base salary, to be paid by employees, a 401k plan and company match, short and long-term disability coverage, basic life insurance, wellness benefits, reimbursement for certain tuition expenses, sick time of 1 hour per 30 hours worked, vacation time for full time employees to accrue up to 120 hours in the first four (4) years of employment, and 160 hours in the fifth (5th) year of employment as well as 12 to 13 paid holidays per year. We are proud to offer 26 weeks of paid parental leave, learn more about the parental leave offering in our benefits package here. Ferring is an equal opportunity employer. All aspects of employment will be based on merit, competence, performance, and business needs. We do not discriminate on the basis of race, color, religion, marital status, age, national origin, ancestry, physical or mental disability, medical condition, pregnancy, genetic information, gender, sexual orientation, gender identity or expression, veteran status, or any other status protected under federal, state, or local laws. Join our team and your voice will be heard, and your contributions will be valued. If you love to come up with new ways to make a positive difference and see them through, you will fit right in. We are proud to be an Affirmative Action/Equal Opportunity Employer (including Disability/Protected Veterans). We maintain a drug-free workplace.
Location:Parsippany, New Jersey