SmithRx

SmithRx is a pharmacy benefits partner built on a modern technology platform that aligns incentives and harnesses data analytics.

About

SmithRx is a pharmacy benefits partner built on a modern technology platform that creates new levels of flexibility, efficiency, and customer satisfaction. It’s a new path forward that aligns incentives and harnesses data analytics to deliver an exceptional pharmacy benefit product. A San Francisco-based technology company, SmithRx was founded in 2016 to create a cost-competitive PBM that offers clients a proven pass-through model, a single technology platform, concierge-level service, and strong drug cost, rebate, and service level guarantees. The in-house team brings together experience from healthcare companies including Anthem, Collective Health, and Castlight Health, as well as a broader set of technology leaders including Facebook, LinkedIn, Glassdoor, and Docker. Front-line clinicians guide plan execution and member support. Named after a smith, a craftsman, or someone who is precise about their trade. SmithRx embodies these characteristics and brings precision to the pharmacy benefits industry by leveraging technology and data to forge the product of the future.

Mission

SmithRx's core mission is centered around revolutionizing the pharmacy benefits industry by delivering a transparent, data-driven, and customer-focused solution. Their primary objective is to empower organizations and individuals to make informed decisions about their prescription drug benefits, ultimately leading to improved health outcomes and cost savings. By leveraging cutting-edge technology and analytics, SmithRx aims to transform the way people access and manage their pharmacy benefits, fostering a more efficient and personalized healthcare experience.

Employee Benefits

  • Highly competitive wellness benefits including Medical, Pharmacy, Dental, Vision, Life insurance
  • Flexible Spending Benefits
  • Discretionary Time Off
  • 401(k) Retirement Savings Program
  • Commuter Benefits
  • Paid Parental Leave benefits
  • Professional development and training opportunities

Core Values

  • Empathy: SmithRx values empathy and understanding, striving to create a workplace culture that is supportive and compassionate towards all employees.
  • Innovation: SmithRx encourages innovation and creativity, empowering employees to think outside the box and find new solutions to complex problems.
  • Collaboration: Collaboration is key at SmithRx, with a focus on teamwork and shared problem-solving to achieve common goals.
  • Transparency: SmithRx values transparency and honesty, fostering an open and communicative workplace culture where employees feel comfortable sharing their thoughts and ideas.
  • Continuous Learning: SmithRx is committed to continuous learning and development, providing opportunities for employees to enhance their skills and grow both personally and professionally.

SmithRx

Leadership

Advisor at SmithRx

Ethan Fassett

Advisor
Angel at SmithRx

Matt Bornstein

Angel
Investor at SmithRx

Jake Frenz

Investor

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Location
San Francisco, CA
N/A
Company Size
51-100
N/A
Revenue Range
$1M to $10M
N/A
Valuation
$100,000,000
N/A
Founded
2016-01-01
N/A
Current Status
Operating
N/A
Work Mode
Open Roles
5
Hiring Now
Hiring now

Funding

Total Funding
$
37500000
Funding Rounds
4
Num Investors
1
Work Mode
IPO Status
Private
Funding Stage
Early Stage Venture
Last Funding Date
2022-03-10
Last Funding Type
Series B
Hiring Now
Hiring now
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