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Full-Time

Prior Authorization Pharmacy Technician

Seasonal

Posted on 9/4/2024

SmithRx

SmithRx

201-500 employees

Pharmacy benefit management with transparent pricing

Enterprise Software
Healthcare

Junior, Mid

Remote in USA

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

Category
Nursing & Allied Health Professionals
Medical, Clinical & Veterinary
Requirements
  • High School diploma or GED or equivalent work experience
  • Active Pharmacy Technician license required
  • 2+ years of experience a Pharmacy Technician
  • Proficiency in Windows, MS Office, G-Suite required
  • Critical thinking to navigate complex customized benefit plans to make sound clinical decisions
  • Active listening, conversational speaking skills, with a high degree of empathy
  • Self-starter with ability to multitask, prioritize and manage time effectively
  • Ability to communicate clearly, present complex information to members, clients, pharmacies, providers, and other teams internally
  • Ability to work accurately within protocols and follow appropriate escalation pathways for unique situations or where clarification is needed.
Responsibilities
  • Verify eligibility and drug coverage under the plan benefit design to ensure accurate claims processing.
  • Triage clinical review processes for prior authorization requests according to established protocols.
  • Review non-specialty drug prior authorizations and similar requests using criteria, claims history, and plan benefit rules.
  • Organize and prioritize multiple requests to ensure timely management of prior authorization cases.
  • Build and adjust authorizations within the claims adjudication system following protocols.
  • Utilize your pharmacy technician experience to navigate drug products, formulations, and perform basic calculations for accurate claims adjudication.
  • Critically assess and synthesize multiple workflows to make sound clinical decisions.
  • Collaborate with teams to coordinate outreach, address questions/escalations, and guide processes for timely and appropriate medication coverage.
  • Evaluate member clinical situations against medication policies to determine approval or escalate to a Pharmacist for denial.
  • Identify when medications require internal or external review based on protocol synthesis.
  • Communicate with external stakeholders for approval on drugs with dollar limits.

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

9%

1 year growth

30%

2 year growth

232%
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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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