Full-Time

Clinical Pharmacist

Posted on 10/24/2024

SmithRx

SmithRx

201-500 employees

Pharmacy benefit management with transparent pricing

Healthcare

Senior

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
Nursing & Allied Health Professionals
Physicians & Surgeons
Medical, Clinical & Veterinary
Required Skills
Data Analysis
Requirements
  • Bachelor’s and Advanced Degree in Pharmacy, RPh or Pharm D
  • Current and unrestricted Pharmacist license (any state)
  • 5+ years of experience working as a licensed pharmacist
  • 3+ years of working knowledge of healthcare benefits, account management, pharmacy benefits, or commercial health insurance preferred
  • 3+ years of experience working in a client-facing role with external clients (beyond patients and prescribers) required
  • Executive-level communication (including developing & delivering formal presentations) and interpersonal skills required
  • A passion for the customer experience and customer satisfaction
  • Dedicated to solving difficult problems together in collaboration with the broader team
  • Self-driven, results-oriented work ethic with a positive outlook
  • Ability to take the initiative with little to no direction
  • Empathic communicator with a consultative approach, able to see things from another person's point of view
Responsibilities
  • Collaborates with clients and account managers to provide clinical expertise, including insights on drug spend and utilization, clinical management strategies, medication alternatives, and formulary compliance.
  • Provides superior clinical consultation and clinical account management with a focus on client satisfaction, client retention, and trend management.
  • Analyzes claims data to identify trends and cost savings opportunities.
  • Comprehends and effectively explains formulary and clinical program's value proposition to clients.
  • Supports communications of formulary changes and program updates for internal and external partners.
  • Recommends clinical programs for clients to provide cost savings to clients and members.
  • Stays current with market trends and provides clinical market intelligence to clients.
  • Communicates drug information to clients and responds to plan-specific clinical inquiries.
  • Creates and updates clinical marketing materials.
  • Collaborates with and provides guidance to account management on clinical aspects of client quarterly reviews (QBRs) – quarterly spend, trends, benchmark updates for pharmacy benefits.
  • Able to incorporate treatment and practice guidelines into client presentations, including up-selling opportunities.
  • Analyzes data and interprets drug benefit designs. Clearly communicates analytical and reporting needs to supporting departments.

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 Stage

Series C

Total Funding

$94.8M

Headquarters

San Francisco, California

Founded

2016

Growth & Insights
Headcount

6 month growth

11%

1 year growth

30%

2 year growth

200%
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.

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