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Full-Time

People Partner

Customer Support

Posted on 7/23/2024

SmithRx

SmithRx

201-500 employees

Pharmacy benefit management with transparent pricing

Data & Analytics
Hardware
Biotechnology
Healthcare

Senior

Plano, TX, USA

Category
Human Resources
People & HR
Required Skills
Communications
Management
Mergers & Acquisitions (M&A)
Customer Service
Requirements
  • 5+ years of progressive HR experience with proven success in partnering with leaders in customer service/call center operations
  • Bachelor's degree or equivalent in Human Resources, Business, Management, Organization Development or related field required
  • Experience supporting hourly employee client groups is required
  • Strong track record of building trust and credibility
  • Expertise in navigating and resolving complex ER matters, including leaves, ADA etc.
  • Effective communication, interpersonal and consultative skills - specifically with management and senior leaders
  • Proven ability to handle sensitive and confidential information with discretion
  • Intrinsic knowledge of the key functional areas of HR (talent acquisition, benefits administration, employee relations, compliance, learning & development, and payroll)
  • Sound judgment and problem-solving skills
  • Ability to work independently, manage multiple projects simultaneously, be flexible, detail oriented and able to prioritize
Responsibilities
  • Be a trusted advisor, providing support from people leaders to the employees
  • Be a culture champion, and help infuse our company's values and mission into everything we do
  • Coach and influence managers on how to build and manage an amazing team
  • Provide business leaders with data, findings, and recommendations of client organizations' 'health' by assessing trends in performance, span of control, employee engagement, manager feedback, attrition and turnover, etc
  • Partner with business leaders to provide the strategic guidance talent management, employee engagement, employee relations, and other key people initiatives
  • Provide day-to-day employee performance management guidance to line management (e.g., coaching, counseling, career development, disciplinary actions)
  • Collaborate with other People functions (Talent Acquisition, People Operations, Learning & Development, etc.) in the design and implementation of People programs to attract, retain and promote a diverse and inclusive workforce
  • Facilitate the adoption and education of HR policies and practices within the company
  • Build credibility and trust among employees; resolve employee concerns with compassion and follow-through
  • Regularly handle critical, highly sensitive and confidential employee relations matters
  • Work closely with our team leads, some of whom are first-time managers, to help them be effective leaders within the organization

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

41%

2 year growth

265%
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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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