
51 - 200 employees
Founded 2018
💼 Consulting
🛡️ Insurance
🏥 Healthcare
💰 $20M Series B on 2022-03
Consulting • Insurance • Healthcare
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.
🔥 28 minutes ago
🏈 Alabama, Alaska, +45 more states – Remote
💵 $250k - $300k / year
⏰ Full Time
🔴 Lead
👔 Vice President
👻 Ghost score 0%
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51 - 200 employees
Founded 2018
💼 Consulting
🛡️ Insurance
🏥 Healthcare
💰 $20M Series B on 2022-03
Consulting • Insurance • Healthcare
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.
• Lead the Smith Pricing team responsible for pricing and guarantees submitted for all proposals • Collaborate with Sales to adapt and refine pricing offers for prospects • Own the development, maintenance, and execution of forward-looking drug spend forecasting models • Educate pharmacy consultants and brokers about market trend expectations and client outcome optimization • Work with Sales and Proposals teams to craft offers reflecting SmithRx’s value • Compose compelling, understandable employer offers • Generate pricing and related answers for RFP platforms • Partner with Strategy, Supply Chain, and Clinical to develop next-generation Pharmacy Benefits pricing models • Translate pharmacy market events into quantitative financial models and quantify macro-market shifts • Evaluate customer-level trends to identify key drivers and inform spend expectations • Translate complex actuarial and analytical findings into narratives for executives, consultants, and employer groups • Direct creation of external trend reports • Work with Data Analytics to build drug spend forecast models and automate customer-specific spend forecasting • Participate in customer-level assessment for new opportunities and retention activity • Support ad hoc strategic projects aimed at SmithRx growth initiatives
• 10+ years of experience in analytical, forecasting, financial, actuarial or strategy roles, including 5+ years of experience in healthcare and/or pharmacy industry related roles • Prior experience at PBM or Pharmacy Consulting is preferred • Experience working with historical claims data to assess and manage risk by conducting reprice and trend analyses • Strong familiarity with pharmacy industry dynamics and major market events • Experience leading conversations with employers, brokers and pharmacy benefits consultants regarding pharmacy benefits • Bachelor's degree or equivalent experience; advanced degree or MBA preferred • Proven track record of delivering exceptional, quantifiable business impact • Experience in a highly strategic, analytical and operational role in fast-paced environments • Ability to use data to reach decisions and demonstrate these skills to external stakeholders • Excellent written and oral communication skills, including presenting trend expectations rigorously to internal leaders, brokers, pharmacy consultants, and employers
• 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 • Time off programs • Mental health support
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