We navigate the healthcare system for you, with you, and beside you, making your treatment journey smoother. 👉 Because your medication access shouldn't add to life's stresses. 👈
SmithRx
Hospitals and Health Care
San Francisco, CA 10,868 followers
Radically transparent pharmacy benefits.
About us
Our mission is to reduce the cost and complexity of pharmacy benefits for America’s employers and patients. Pharmacy benefits are broken. The overly complex monopolies built by big PBMs only serve their bottom lines. SmithRx is a transparent, pass-through pharmacy benefits manager for self-insured employers. We operate independently from insurance companies and pharmacies so that our incentives are 100% aligned with our customers. Our modern technology and innovative cost savings programs connect our members to the lowest cost drugs. Get in touch with us to today to learn how to save on your pharmacy spend!
- Website
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http://www.smithrx.com/
External link for SmithRx
- Industry
- Hospitals and Health Care
- Company size
- 501-1,000 employees
- Headquarters
- San Francisco, CA
- Type
- Privately Held
- Founded
- 2016
- Specialties
- Healthcare, Pharmaceuticals, Healthcare IT, Pharmacy Benefit Management, Pharmacy Benefits Management, PBM, SaaS, Cloud, B2B, Enterprise SaaS, Prescription Drugs, and Workers Compensation
Locations
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Primary
300 Brannan St
San Francisco, CA 4107, US
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1331 W Powell Way
Suite 4
Lehi, Utah 84043, US
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6080 Tennyson Pkwy
Plano, Texas 75024, US
Employees at SmithRx
Updates
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This is the post legacy PBMs don't want employers to read. 👀 In an unprecedented move, we've laid bare our entire PBM pricing structure! No smoke. No mirrors. Just radical transparency. Our latest blog post isn't a corporate update—it's a manifesto for change in an industry notorious for opacity. In it, we detail our exact pricing model, explain our reasoning, and show the real savings for our clients! Learn more about how we're redefining value in healthcare: https://lnkd.in/gtjcxwBN #PBMRevolution #Transparency #Healthcare #PBM #SmithRx
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Healthcare costs shouldn't keep people up at night. After witnessing the strain as both a patient and family caregiver, Jake Frenz built SmithRx to tackle one of healthcare's biggest hurdles: prescription drug prices. Today, he and the SmithRx team are transforming how Americans access affordable medications. In this candid interview with ParetoHealth's SVP of Consultant Development, 🎙Spencer Smith, CSFS®, you'll hear Jake's story, learn about our work with Mark Cuban Cost Plus Drug Company, PBC, and discover how we're creating a more transparent future for healthcare! #HealthcareInsights #PharmacyBenefitManagers #SimplifyHealthcare #ModernPBM #BetterTogether #SmithRx
Ending Pharmaceutical Price Gouging, with Jake Frenz
https://www.youtube.com/
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Support that goes beyond the call—literally. Here's what having SmithRx in your corner means to our members. 👏 #EmployeeBenefits #PBM #BenefitsBroker #HealthcareBenefits #SmithRx
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Small-town pharmacies are vanishing across America, and the evidence keeps mounting. A recent The New York Times investigation reveals just how dire the situation has become: - Nearly 800 ZIP codes that had at least one pharmacy in 2015 now have none - Just 3 pharmacy benefit managers control roughly 80% of all prescriptions in the US - Independent pharmacies report being reimbursed up to $100 LESS than their costs for common medications like Eliquis The human cost? Communities like Confluence, PA (pop. 1,000) lost their only healthcare provider when their local pharmacy closed. Some patients now travel 28 miles to fill prescriptions. This isn't just about business—it's about healthcare equity and access. Rural and low-income communities are being hit hardest, creating "pharmacy deserts" across America. What's your take on this healthcare crisis? Have you noticed changes in pharmacy access in your community? 📰 Full article here: https://lnkd.in/dsBgCtVe #Healthcare #Pharmacy #HealthcareAccess #PrescriptionDrugs #PBMs
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Our recent Broker Account Manager (BAM) Summit unveiled how AI-driven pharmacy services are redefining cost control and member satisfaction—arming 54 industry leaders with data-driven strategies to transform their clients' benefits. 🔥 Register for future events here: https://lnkd.in/gV8f9fPA #PBM #HealthcareTech #BrokerEvent #SmithRx
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A new survey from Business Group on Health reveals HR and benefits leaders face mounting challenges as costs soar and employee needs evolve. Here's what you need to know: - Healthcare costs are surging at the highest rate in a decade, with pharmacy expenses leading the charge. - These cost increases point toward a more than 50% increase in healthcare costs since 2017. - Pharmacy costs now consume 27% of health budgets, up from 21% in 2021. - GLP-1 medications for obesity are a particular concern, with 96% of employers worried about long-term cost implications. Despite these challenges, the survey shows employers remain committed to supporting employee health needs, focusing on mental health access and addressing health disparities. SmithRx is here to help employers navigate these challenges, offering data-driven solutions that balance cost management with quality care for employees. View the full survey here: https://lnkd.in/gxC-932N #HealthcareTrends #2025HealthSurvey #EmployeeBenefits #HR #SmithRx
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When pharmacy benefits evolve, everyone wins. See how: Real support. Satisfied members. Five-star experiences. Modernize your PBM approach with SmithRx and see the difference in more ways than one! SmithRx.com #PBMs #PrescriptionDrugs #HealthcareSolutions
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Exciting news—SmithRx just earned the Traction Award at the Fall 2024 Employer Health Innovation Roundtable! 🏆 This recognition strengthens our resolve to continue revolutionizing healthcare for employers, making access and affordability top priorities. A huge shoutout to our team, clients, and everyone who’s supported us on this journey. Thank you, Innovation Roundtable, A World 50 Group Community! #EmployerHealth #HealthcareInnovation #EHIRFall2024 #SmithRx #EHIRTractionAwardWinners2024
Congratulations to our Traction Award Winners from the Fall 2024 Employer Health Innovation Roundtable, Cohorts 1-6! 🏆🌟 These standout innovators achieved the highest matches, showcasing groundbreaking solutions that truly resonated with our members. We’re excited to see the continued impact of your work in shaping the future of employer health! Ayble Health Airbo Abett Leap Health Midi Health SmithRx #EHIRFall2024 #EHIRTractionAwardWinners2024
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Smart oversight of Rx benefits can transform your HR strategy. But are you maximizing this opportunity? Join SmithRx's Alissa Johnson, PharmD, MBA, BCPS, and Eagle Transport Corporation's Rena Cater, MBA, PHR, to discover how savvy HR leaders are turning pharmacy benefits into a competitive edge. Join us on October 21 at 2 pm ET to unlock strategies to: - Cut through the complexity of Rx benefits - Spot and sidestep risks in legacy PBM models - Future-proof your pharmacy benefits and more Turn Rx complexity into clarity! Register here and gain the upper hand: https://lnkd.in/gQkXq44F #EmployeeBenefits #Healthcare #PBM #HumanResources #SmithRx