Counsel, Commercial – Heart Failure at Abbott

Pleasanton, California, United States

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Not SpecifiedCompensation

Senior (5 to 8 years)Experience Level

Full TimeJob Type

UnknownVisa

Healthcare, Medical DevicesIndustries

Requirements

Experienced commercial attorney with experience working with healthcare providers
Solid understanding of payor agreement contracting principles
Knowledge of billing, reimbursement, compliance, and auditing guidelines and requirements
Familiarity with regulations governing Durable Medical Equipment, Prosthetics, Orthotics, and Supplies (DMEPOS) or Independent Diagnostic Testing Facilities (IDTFs)
Ability to identify and resolve complex legal issues to support operations in research, development, manufacturing, sales, and marketing of medical device products

Responsibilities

Conducting reviews and revisions of payor agreements on request and offering legal advice on business payor relations and contracting strategies
Providing legal guidance on DMEPOS and IDTF operations and related standards, including billing, reimbursement, auditing, and compliance program activities
Offering advice on payor and reimbursement disputes to mitigate legal risks
Drafting, negotiating, and reviewing a wide range of agreements, including complex matters relating to procurement, sales, licensing, marketing, co-promotion, and research collaborations
Reviewing marketing programs and promotional materials to ensure compliance with FTC truth-in-advertising principles, Abbott policies, and applicable law
Advising and ensuring that internal clients receive sound, practical, and timely legal advice on a wide variety of legal matters related to operation of a commercial business that markets to health care professionals
Resolving legal issues using negotiation skills and legal expertise, including pre-litigation dispute resolution and settlements
Assisting in the creation of new template agreements, playbooks, and training to support efficient contracting processes for various business functions
Developing knowledge of Abbott’s businesses, products, and client areas supported
Maintaining familiarity with laws that affect client areas to issue spot and provide basic counseling, including those relevant to sales and marketing of products to health care professionals and reimbursement by government programs (e.g., fraud and abuse laws like Anti-Kickback Statute, False Claims Act, Civil Monetary Penalties Law, Stark, Beneficiary Inducement Statutes; FDA regulation like Food, Drug & Cosmetic Act; privacy like HIPAA; and anti-corruption)

Skills

Commercial Contracting

Healthcare Law

Payor Agreements

Billing

Reimbursement

Compliance

Auditing

Medical Devices

Abbott

Healthcare solutions in diagnostics and devices

About Abbott

Abbott Laboratories focuses on improving health through various medical technologies and health solutions. The company operates in areas such as cardiovascular health, diabetes management, diagnostic testing, nutrition, and neuromodulation for chronic pain and movement disorders. Abbott's products include advanced medical devices and diagnostic tests that help healthcare professionals and patients manage health conditions effectively. For example, their cardiovascular technologies assist in heart health management, while diabetes care products enable accurate glucose monitoring without painful fingersticks. Unlike many competitors, Abbott emphasizes accessibility and affordability in its offerings, aiming to make life-changing technologies available to a broader audience. The company's goal is to positively impact global health and well-being, supported by a commitment to sustainability and a 2030 Sustainability Plan.

Lake Bluff, IllinoisHeadquarters

1888Year Founded

IPOCompany Stage

HealthcareIndustries

10,001+Employees

Risks

Departure of key leader Dr. Adamson may affect Abbott's Heart Failure division.

Integration challenges with Medtronic could impact glucose monitor-insulin pump rollout.

Thermo Fisher's microfluidics expansion may increase competition for Abbott.

Differentiation

Abbott integrates continuous glucose monitoring with automated insulin delivery systems.

Abbott's microfluidic devices streamline diagnostic processes efficiently.

Abbott's neuromodulation products target specific nervous system areas for chronic pain relief.

Upsides

Microfluidic technology offers cost-effective solutions in diagnostics.

Strategic partnerships like Abbott-Medtronic enhance product offerings and market reach.

Significant investments indicate strong market confidence in Abbott's healthcare solutions.

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