Join us tomorrow at 12:00 pm EST for the Campbell Petrie Inc. Innovations In Healthcare and HR webinar featuring SmithRx's Sales Director, Jordan Close! Take this opportunity to learn more about SmithRx and the impact of gene therapy drugs and GLP-1s on health plans, while recognizing the importance of member wellness. Register here: https://lnkd.in/gA9GDveg Attendees will be entered into a raffle to win one of five $50 Amazon gift cards. Must be present to win. #webinar #glp1 #employeebenefits #hr #benefitsbrokers #smithrx
SmithRx
Hospitals and Health Care
San Francisco, CA 9,068 followers
Pharmacy Benefits. Evolved.
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
- 201-500 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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It's our mission to transform healthcare because we know firsthand the struggles Americans face with the current broken system. Our CEO and founder, Jake Frenz, knows the struggle, too. It's why he started SmithRx. Be part of the change. www.smithrx.com Check out our new PBM Evaluation Guide 🔗 https://lnkd.in/gU8DtM-C #healthcarereform #transparency #benefitsbroker
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ICYMI, last week we announced our new PBM Evaluation Guide aimed at revolutionizing pharmacy benefits! 🎉 Our guide is designed to help you cut through the noise of traditional #PBMs and focus on what truly matters: cost-effectiveness and performance. If you’re tired of dealing with hidden fees and complex rebate structures, your solution is one click away. This guide provides clear, actionable strategies to help optimize your PBM experience and reduce overall costs. Discover how modern PBMs can deliver better results and transform your approach to managing pharmacy benefits. Download the guide here 🔗 https://lnkd.in/gU8DtM-C Read the full press release here 🔗 https://lnkd.in/g2J4Ae-S
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Discounts are out; costs are in. Don’t believe us? SmithRx’s data demonstrates how optimizing for lower net cost over discounts guarantees results in significantly lower spend on pharmacy benefits. This is why we're excited to bring you our NEW PBM Evaluation Guide! Learn how to cut through hidden fees and complex rebate structures, understand the impact of traditional PBMs, and evaluate today's PBMs for cost-effectiveness and performance. Our guide provides the strategies and resources needed to transform your PBM experience. Check it out, bookmark it, and start revolutionizing your approach to pharmacy benefits! https://lnkd.in/gU8DtM-C #PBMs #employeebenefits #healthcare #costsavings #SmithRx
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Here's a sneak peek at the inaugural SmithRx Certification Course held in Frisco, TX this week! 🎉 Our program is designed to empower #benefitsbrokers and industry professionals with the knowledge and skills to excel in PBM evaluation and better inform their clients. We look forward to sharing more updates and insights from this first session! #staytuned #PBMevaulation #SmithRx
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With over 660,000 members already benefiting from our transparent and accountable PBM services, employers can rely on SmithRx to deliver integrity and excellence at every stage. Experience what the other 49% of employers already know– a more trustworthy healthcare system. 🤝 www.smithrx.com #pharmacybenefits #PBM #healthcare #employeebenefits
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Hats off to NYT reporters Reed Abelson and Rebecca Robbins for uncovering the hidden truths about prescription drug costs. Thanks to their investigation, millions of Americans will gain a clearer view of the opaque practices of PBMs, shedding light on how these impact healthcare affordability. It's clear that the current system often prioritizes profits over patient needs. As SmithRx SVP of Product Strategy Alan Pannier notes, 'Evaluating PBMs through a cost-based lens is the only way to expose the problem. Employers should stop thinking of healthcare payments as a ‘tax’ and look at their per member per month spend (pmpm).' Stay tuned this week for a further analysis of how these revelations affect your healthcare decisions. It’s 2024, time to prioritize transparency and affordability. https://lnkd.in/gie2qXjk
The Opaque Industry Secretly Inflating Prices for Prescription Drugs
https://www.nytimes.com
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To lower drug prices in the US, PBMs need to adjust three critical aspects. 👀 As we discuss each issue in detail in our latest blog, solutions are not far behind! Click the link to join the conversation and learn how SmithRx is transforming the future of pharmacy benefits ➡ https://lnkd.in/gi4H59Qg
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Your monthly dose of all things pharmacy benefits and SmithRx updates is now on LinkedIn! The SmithRx Broker Brief: June 2024 Edition 🤝 Don’t miss out—subscribe today and elevate your industry expertise to the next level 📊 #brokerbrief #benefitsbrokers #employeebenefits #pbms #smithrx
Broker Brief: June 2024 Edition
SmithRx on LinkedIn
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More than half of the US population uses prescription drugs, which indicates that rising drug prices may be burdening your employees. Is it solely the fault of Big Pharma? Not quite! PBMs and their contracts play a massive role in inflating costs. Find out how they do it and what we can do to stop it. Get the full script here: https://lnkd.in/gFBcfPHt
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