Full-Time

Director – People Operations

Confirmed live in the last 24 hours

SmithRx

SmithRx

201-500 employees

Pharmacy benefit management with transparent pricing

Healthcare

Senior, Expert

San Francisco, CA, USA

Category
Human Resources
People & HR
Requirements
  • Bachelor's degree in Human Resources, Business Administration, or a related field; Master's degree preferred.
  • 10+ years of progressive HR experience, with 5 years in a leadership role.
  • Strong knowledge of HR principles, practices, and regulations.
  • This role requires a proactive and versatile individual with a strong continuous improvement and execution mindset in areas related to processes, policies, systems, benefits, compensation, reporting, and employee engagement.
  • Demonstrated experience developing and implementing HR strategies aligned with business objectives.
  • Proven track record of effectively leading and developing high-performing teams.
  • Experience in HR systems implementation and optimization, as well as proficiency in HR analytics and data-driven decision-making.
  • Excellent communication, interpersonal, and influencing skills.
  • Ability to thrive in a fast-paced, dynamic environment and manage multiple priorities effectively.
Responsibilities
  • Develop and execute HR strategies that improve operational efficiency and align with company objectives.
  • Advise senior leadership on HR operations, contributing to strategic planning and decision-making.
  • Lead the design and execution of talent development, employee engagement, and other people initiatives to attract, onboard, retain and develop top talent.
  • Work closely with leadership to implement best practices across employee relations, communication, talent and career development, and total rewards.
  • Provide leadership and direction in change management initiatives, driving the adoption of new processes and technologies across the organization.
  • Develop and manage the budget for HR operations and technology, ensuring optimal allocation of resources.
  • Develop and focus on continuous improvement for our HR infrastructure, processes, policies, and workflows to ensure they are compliant, efficient, and scalable.
  • Manage the HR operations team, ensuring high performance, professional growth, and alignment with business goals.
  • Oversee performance management processes, including OKR setting, feedback, and performance evaluations.
  • Implement professional development programs to support career growth and skill enhancement.
  • Leverage HR analytics to identify performance trends, develop insights, and guide targeted interventions for talent development and performance improvement.
  • Champion a culture of inclusivity, respect, and collaboration throughout the organization.
  • Lead initiatives to promote diversity, equity, and inclusion, fostering a sense of belonging for all employees.
  • Utilize employee feedback and sentiment analysis tools to assess employee satisfaction and identify opportunities to enhance the employee experience.
  • Oversee the maintenance and optimization of HR systems to support all HR functions, ensuring they are integrated and data integrity is maintained.
  • Lead the evaluation, selection, implementation, optimization, and adoption of new and existing technologies to enhance the total company employee experience and streamline HR processes aiming for simplification and scalability.
  • Build HR analytics dashboards and reporting capabilities to provide insights into workforce trends, performance metrics, and HR KPIs.
  • Use predictive analytics to forecast talent needs, identify potential risks, and develop proactive strategies for talent management.
  • Lead transformative initiatives to enhance the employee experience, optimize processes, and index on automation to drive manager/ employee self-service where appropriate.
  • Maintain in-depth knowledge of legal requirements related to day-to-day management of the HR function, reducing legal risks and ensuring compliance.
  • Develop and maintain HR policies and procedures in alignment with legal requirements and industry best practices.
  • Utilize HR systems and data analytics to monitor compliance efforts and mitigate HR-related risks effectively.
  • Guide the team in developing and maintaining SOPs and playbooks on all employee policies, procedures, and processes.
  • Interface with Finance and other key stakeholders on crossover processes and initiatives including effective payroll operation, tracking data changes, and audit of regular payroll reports.
  • Collaborate with key stakeholders to ensure appropriate internal controls and relevant internal audits are in place.

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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