Full-Time

Group Product Manager

Confirmed live in the last 24 hours

SmithRx

SmithRx

201-500 employees

Pharmacy benefit management with transparent pricing

Healthcare

Senior, Expert

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
Product Management
Product
Required Skills
Agile
Product Management

You match the following SmithRx's candidate preferences

Employers are more likely to interview you if you match these preferences:

Degree
Experience
Requirements
  • Bachelor’s degree in Computer Science, Engineering, or a related field (MBA or advanced degree is a plus)
  • 10+ years of experience in product management, with a proven track record of leading large-scale, high-impact product initiatives
  • 3+ years of experience managing a team of Product Managers to deliver against company-wide goals and customer success metrics
  • Strong product management experience leading platform or workflow-focused teams
  • Proven ability to mentor and develop talent within product teams
  • Experience providing strategy and alignment across multiple products
  • Demonstrated ability to develop and implement long-term product strategies that drive business growth and customer satisfaction
  • Extensive experience working with engineering, design, marketing, sales, and support teams
  • Strong understanding of market dynamics, customer needs, and competitive landscapes
  • Deep experience in Agile methodologies, product lifecycle management, and the software development life cycle
  • Strong communication and stakeholder management skills
  • A metrics-driven approach to decision-making
Responsibilities
  • Grow, mentor, and scale a high-performing team of Product Managers
  • Provide leadership, coaching, and guidance to PMs
  • Oversee product roadmaps across a group of related products or initiatives
  • Collaborate with Product Managers to prioritize opportunities
  • Develop and execute a long-term strategy for the Admin Portal
  • Lead cross-functional initiatives that span multiple teams
  • Partner with engineering, design, marketing, sales, and support teams
  • Establish and promote best practices in product management
  • Advocate for continuous improvement and innovation
  • Act as the primary advocate for customer needs across the organization
  • Define and monitor key performance indicators (KPIs) to measure product success
Desired Qualifications
  • MBA or advanced degree is a plus
  • Background in scaling enterprise tools, B2B SaaS, or internal-facing products is a plus

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. SmithRx aims to simplify pharmacy benefits while maximizing value for its clients through transparency, advanced technology, and exceptional customer service.

Company Size

201-500

Company Stage

Series C

Total Funding

$94.8M

Headquarters

San Francisco, California

Founded

2016

Simplify Jobs

Simplify's Take

What believers are saying

  • SmithRx secured $60M in Series C funding, indicating strong investor confidence.
  • Partnership with Banjo Health enhances prior authorization processes using AI technology.
  • Collaboration with TheracosBio offers cost-effective drug options for Type 2 Diabetes.

What critics are saying

  • Increased competition from technology-driven PBMs like Capital Rx could erode market share.
  • Rapid technological advancements may require costly updates to SmithRx's platform.
  • Potential regulatory scrutiny on PBM pricing models could impact SmithRx's business model.

What makes SmithRx unique

  • SmithRx uses a transparent 'Pass Through Pricing' model, unlike traditional PBMs.
  • The company leverages real-time data for efficient pharmacy benefit management services.
  • SmithRx offers concierge-level service, enhancing customer satisfaction and support.

Help us improve and share your feedback! Did you find this helpful?

Benefits

Health Insurance

Dental Insurance

Vision Insurance

Life Insurance

Disability Insurance

Health Savings Account/Flexible Spending Account

Unlimited Paid Time Off

Paid Holidays

Wellness Program

Commuter Benefits

Parental Leave

Mental Health Support

Professional Development Budget

Growth & Insights and Company News

Headcount

6 month growth

0%

1 year growth

0%

2 year growth

5%
Business Wire
Jun 27th, 2024
SmithRx Introduces New PBM Evaluation Methodology Optimized for Drug Cost Savings

SmithRx introduces new PBM Evaluation methodology optimized for drug cost savings.

PR Newswire
Apr 9th, 2024
Smithrx Revolutionizes Its Prior Authorization Process With Banjo Health'S Leading-Edge Ai Platform

WASHINGTON, April 9, 2024 /PRNewswire/ -- Banjo Health, an innovative provider of intelligent prior authorization software, is excited to announce its partnership with SmithRx, a transparent and 100% pass-through pharmacy benefits manager (PBM). This partnership aims to improve timeliness, transparency, and reliability in SmithRx's prior authorization (PA) workflows & medical policy management."At Banjo Health, we are passionate about providing solutions at the intersection of Cost and Quality. SmithRx takes a unique approach using technology to provide its members optimal care at the lowest possible cost. We are thrilled to partner with such a forward-thinking group," remarks Saar Mahna, CEO of Banjo Health.SmithRx went live with Banjo Health's BanjoPA and Composer solutions in November. Key benefits include:Supercharge Medical Policy Operations: Leveraging Generative AI with Composer to help SmithRx manage their clinical policies more effectively.Streamlined PA Review: Utilizing BanjoPA, SmithRx is able to provide its members and prescribers with faster PA response times.Utilizing BanjoPA, SmithRx is able to provide its members and prescribers with faster PA response times. Minimized Provider Abrasion: Utilizing Composer, SmithRx is able to have its providers answering the most up to date question sets for ePA and automate PA intake from fax.Utilizing Composer, SmithRx is able to have its providers answering the most up to date question sets for ePA and automate PA intake from fax

ExploreBit
Jan 24th, 2024
SmithRx Closes USD 60M Series C Funding

SmithRx closes USD 60M Series C funding.

Business Wire
Jan 23rd, 2024
Smithrx Continues To Fix Broken Pharmacy Benefits Management System, Closes $60M In Series C Funding Led By Venrock

SAN FRANCISCO--(BUSINESS WIRE)--SmithRx, a next-generation pharmacy benefits management (PBM) company, closed a $60M Series C financing round — building on the company’s $20M Series B round raised in 2022. Led by top Silicon Valley healthcare venture capital firm Venrock, the latest funding positions SmithRx to continue reducing costs of pharmacy benefits for small and midsize self-insured businesses. “Medications in the U.S. cost too much because the overall system is broken,” said Jake Frenz, founder and CEO of SmithRx. “At the core of this broken system are pharmacy benefit managers that drive up the costs. As a result, Americans can’t afford the drugs they need

Business Wire
Aug 17th, 2023
TheracosBio and SmithRx Collaborate to Offer Newly Approved Diabetes Drug Brenzavvy™ (bexagliflozin) to Members with Type 2 Diabetes

"SmithRx has partnered with Cost Plus Drugs because they share our commitment to delivering effective, lower-cost drugs to patients who need them.