Full-Time

Drug Information Pharmacist

Confirmed live in the last 24 hours

SmithRx

SmithRx

201-500 employees

Pharmacy benefit management with transparent pricing

Enterprise Software
Healthcare

Mid

Remote in USA

Applicants must be based in one of the following states: Arkansas, Arizona, California, Colorado, Florida, Georgia, Kansas, Minnesota, Missouri, Nevada, Ohio, Pennsylvania, Tennessee, Texas, Utah, Virginia, Washington, Wisconsin.

Category
Physicians & Surgeons
Medical, Clinical & Veterinary
Requirements
  • Minimum of 3 years of experience in a clinical pharmacy setting or a PGY1 residency
  • A focus on managed care preferred
  • PharmD degree and active Pharmacist license in good standing required
  • Experience working on or with a Pharmacy & Therapeutics (P&T) committee is required
  • Experience assessing and critically appraising clinical trials, evaluating comparative effectiveness evidence
  • Board Certified Pharmacotherapy Specialist (BCPS) certification preferred
  • Proficient in managed care and pharmacy benefit management practices, including utilization management and familiarity with First DataBank and/or Medispan drug language
  • Excellent project management and communication skills, and the ability to thrive and collaborate in a dynamic, fast-paced environment
Responsibilities
  • Review new products and formulary strategies with a focus on clinical efficacy, financial impact, and market trends, while supporting P&T activities and evaluating utilization management edits to ensure the formulary is clinically sound and cost-effective
  • Assists the Pharmacy and Therapeutics (P&T) committee with: Drug class review write-ups, new to market product dossier creation, clinical criteria development
  • Provide clinical content creation and management while maintaining and distributing clinical drug information, including product evaluations and formulary positioning recommendations
  • Support various departments within the organization by serving as a clinical resource, ensuring accurate and evidence-based information is available for decision-making
  • Support the weekly drug file maintenance process by addressing clinical questions and ensuring accurate drug information
  • Analyze claims data to identify trends, cost savings opportunities, and areas for improvement
  • Communicate formulary changes and program updates to internal and external stakeholders

SmithRx operates as a Pharmacy Benefit Manager (PBM) that focuses on managing prescription drug plans for self-insured employers and plan sponsors. The company uses a transparent pricing model called "Pass Through Pricing," where it charges only an administrative fee and passes all rebates from prescriptions directly to clients and their members. This model contrasts with traditional PBMs that often inflate drug prices and retain rebates for profit. SmithRx's clients benefit from a technology platform that utilizes real-time data to improve service delivery, ensuring efficient and high-quality pharmacy benefit management. The company also provides a concierge service to enhance support for both members and clients. By prioritizing transparency, advanced technology, and exceptional customer service, SmithRx aims to simplify pharmacy benefits and maximize value for its clients.

Company Stage

Series C

Total Funding

$98.7M

Headquarters

San Francisco, California

Founded

2016

Growth & Insights
Headcount

6 month growth

7%

1 year growth

25%

2 year growth

232%
Simplify Jobs

Simplify's Take

What believers are saying

  • SmithRx's recent $60M Series C funding led by Venrock positions the company for significant growth and innovation in the PBM market.
  • The partnership with Banjo Health to revolutionize prior authorization processes demonstrates SmithRx's commitment to leveraging cutting-edge technology for improved efficiency and transparency.
  • SmithRx's collaboration with TheracosBio to offer newly approved diabetes drugs highlights its dedication to providing cost-effective and essential medications to its members.

What critics are saying

  • The PBM market is highly competitive, and SmithRx must continuously innovate to maintain its unique value proposition.
  • Reliance on the 'Pass Through Pricing' model may limit revenue growth compared to traditional PBMs that profit from rebates and hidden fees.

What makes SmithRx unique

  • SmithRx's 'Pass Through Pricing' model ensures complete transparency by passing 100% of rebates to clients, unlike traditional PBMs that profit from hidden fees and inflated drug prices.
  • The company's robust technology platform leverages real-time data to enhance service offerings, setting it apart from competitors who may rely on outdated systems.
  • SmithRx's concierge service provides exceptional support to both members and customers, further distinguishing it from other PBMs that may lack personalized customer care.

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