Pricing Analyst (Pricing Analytics) at IQVIA

Durham, North Carolina, United States

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Not SpecifiedCompensation

Mid-level (3 to 4 years)Experience Level

Full TimeJob Type

UnknownVisa

Pharmaceuticals, Healthcare, Clinical ResearchIndustries

Requirements

Bachelor's degree, or equivalent, in appropriate scientific or business discipline
3-5 years' experience and/or equivalent competencies in pharmaceutical industry/clinical research
Working knowledge of the clinical development process with 2 years of pricing/budgeting or negotiation and contract experience
Experience working with IMS GrantPlan system or Medidata Grants Manager system
Excellent communication skills (both oral and written)
Familiarity with healthcare compliance and other relevant guidance (HIPAA, FCPA, Safe Harbor, etc.)
Ability to work effectively in cross function teams in various levels of the organization
Strong and proven negotiation and problem resolution skills
Working knowledge of PCs (MS Office suite at a minimum) and database management
Must demonstrate ability to work in a fast-paced environment and to work independently
Fluency in English

Responsibilities

Develop and analyze fair market value pricing for clinical trial agreements including benchmarking fees and drafting and finalizing financial exhibits
Provide support to the clinical team in the budgeting, pricing, planning, execution and control of grants and contracts
Analyze pricing requests/needs from operating companies and translate into appropriate budgets/contract exhibits for company sponsored and investigator initiated clinical trial agreements and other ancillary contract documents
Analyze investigator grants for fair market value aligned with regional knowledge and the J&J pricing guidelines, based on adequate scope of work, clinical trial protocol and other clinical trial information
Participate in and/or lead the budget escalation review process
Translate clinical trial protocol requirements into fair market value pricing/budget milestones per company guidelines and policy
Provide guidance to CROs contracted to negotiate CAs globally, inclusive of training and oversight
Determine potential needs for budget revisions and related contract amendments
Ensure that contractual terms and provisions are in compliance with corporate process, systems, and strategies
Provide virtual training to global clinical trial agreement negotiators
Assume responsibility for all aspects of pricing documentation and metrics tracking
Proactively ensure process improvements refinements that result in reduced cycle time, creating savings and improving efficiency in the initiation of clinical trial sites
Mentor and train new pricing assistants, pricing analysts, and site contract managers as needed
Ensure inspection ready by complying with relevant training requirements and developing therapeutic knowledge for service delivery
May contribute as a trainer of systems/processes or provide input to functional area process initiatives, if applicable
Full utilization by timely and accurate time reporting (BEACON)
Other deliverables related to Pricing Analytics may be assigned

Skills

Pricing Analysis

Fair Market Value

Benchmarking

Budgeting

Clinical Trial Agreements

Contract Exhibits

Budget Escalation

Regulatory Compliance

Metrics Tracking

Process Improvement

Mentoring

IQVIA

Advanced analytics and clinical research services

About IQVIA

IQVIA provides advanced analytics, technology solutions, and clinical research services specifically for the life sciences industry. Their services utilize extensive data resources and technology to create connections within healthcare, allowing clients to gain insights that help speed up the development and marketing of new medical treatments. This process is facilitated by their IQVIA Connected Intelligence™ system, which offers quick and flexible insights. IQVIA stands out from competitors by focusing on patient privacy, employing various technologies to protect individual data. The company's goal is to enhance healthcare outcomes by supporting biotech, pharmaceutical, and medical device companies, as well as researchers and government agencies, in understanding diseases and advancing medical science.

Durham, North CarolinaHeadquarters

1998Year Founded

$3,526MTotal Funding

POST_IPO_EQUITYCompany Stage

Cybersecurity, Biotechnology, HealthcareIndustries

10,001+Employees

Risks

Rapid advancement of cancer vaccines may disrupt traditional clinical research models.

Proliferation of disparate technological solutions causes technology overload in clinical trials.

Generative AI technologies face challenges in adoption due to data privacy concerns.

Differentiation

IQVIA leverages advanced analytics and big data for life sciences solutions.

The company offers privacy-enhancing technologies to protect individual patient data.

IQVIA's AI Assistant provides rapid, actionable insights for healthcare and life sciences.

Upsides

Increased adoption of decentralized clinical trials enhances patient-centric study designs.

AI-driven drug discovery accelerates identification of potential drug candidates.

Expansion of telemedicine facilitates remote patient monitoring and data collection.

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