
51 - 200 employees
Founded 2018
⚕️ Healthcare Insurance
☁️ SaaS
🤝 B2B
💰 $20M Series B on 2022-03
Healthcare Insurance • SaaS • B2B
SmithRx is a transparent, pass-through pharmacy benefits manager (PBM) that operates independently from insurance companies and pharmacies to align its incentives with self-insured employers and their members. By leveraging modern technology, SmithRx aims to reduce the cost and complexity of pharmacy benefits, ensuring the delivery of effective and low-cost drugs. The company is dedicated to transforming the pharmacy benefits landscape through its flat-rate, transparent pricing model and innovative cost savings programs, which connect members to the lowest cost drugs without the use of spread pricing, rebates, or other tactics. SmithRx's commitment to transparency and superior customer service results in significant savings for employers and a highly satisfactory experience for its members.
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51 - 200 employees
Founded 2018
⚕️ Healthcare Insurance
☁️ SaaS
🤝 B2B
💰 $20M Series B on 2022-03
Healthcare Insurance • SaaS • B2B
SmithRx is a transparent, pass-through pharmacy benefits manager (PBM) that operates independently from insurance companies and pharmacies to align its incentives with self-insured employers and their members. By leveraging modern technology, SmithRx aims to reduce the cost and complexity of pharmacy benefits, ensuring the delivery of effective and low-cost drugs. The company is dedicated to transforming the pharmacy benefits landscape through its flat-rate, transparent pricing model and innovative cost savings programs, which connect members to the lowest cost drugs without the use of spread pricing, rebates, or other tactics. SmithRx's commitment to transparency and superior customer service results in significant savings for employers and a highly satisfactory experience for its members.
• Own and drive the full sales cycle from prospecting to contract signature for employer groups with 20,000+ covered lives. • Develop and execute enterprise sales strategies that align with SmithRx’s growth goals and value proposition. • Establish trusted advisor relationships with benefits decision-makers, consultants, brokers, large employers and internal stakeholders. • Deliver compelling presentations and solution demonstrations that clearly articulate the SmithRx value proposition and clinical/economic impact. • Collaborate with internal teams including Clinical, Account Management, Legal, Pricing/Proposals to ensure alignment and readiness for onboarding large clients. • Accurately forecast pipeline and deal status using Salesforce, maintaining meticulous records of all prospecting and sales activities. • Represent SmithRx at industry events, conferences, and client meetings as a senior face of the enterprise sales team. Willing to travel and attend this events on a regular cadence. • Maintain a deep understanding of market dynamics, competitor positioning, and healthcare/PBM trends to inform strategy and positioning.
• 5+ years in PBM or pharmacy benefits-related roles with an additional 5+ years of sales experience in healthcare. • Bachelor’s degree required; MBA or relevant graduate degree preferred. • Proven track record or exposure to the process of closing large, complex deals with employer groups of 20,000+ member lives. • Deep understanding of pharmacy benefit design, pricing models, and competitive positioning within the PBM landscape. • Comfortable using Salesforce CRM for pipeline management, reporting, and opportunity tracking. • Exceptional communication, presentation, and negotiation skills. • High degree of professionalism, executive presence, and ability to influence cross-functional stakeholders. • Enjoyable to work with as a person and committed to maintain and build the amazing culture at SmithRx.
• Highly competitive wellness benefits including Medical, Pharmacy, Dental, Vision, and Life Insurance and AD&D Insurance • Flexible Spending Benefits • 401(k) Retirement Savings Program • Short-term and long-term disability • Discretionary Paid Time Off • Paid Company Holidays • Wellness Benefits • Commuter Benefits • Paid Parental Leave benefits • Employee Assistance Program (EAP) • Well-stocked kitchen in office locations • Professional development and training opportunities
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