Full-Time

Senior Director

Product Management

Confirmed live in the last 24 hours

SmithRx

SmithRx

201-500 employees

Pharmacy benefit management with transparent pricing

Healthcare

Expert

Remote in USA

Eligible 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
Market Research
Product Management
Requirements
  • 12+ years of product management experience, with at least 5 years in a leadership role and experience in Series C+ or public companies.
  • In-depth knowledge of the healthcare industry, including regulations, trends, and emerging technologies. A parallel industry experience will suffice.
  • The ability to create and communicate a compelling product vision and strategy.
  • Proven experience managing and developing high-performing product management teams.
  • Strong analytical and data-driven decision-making skills.
  • A track record of driving innovation and delivering successful products to the market.
  • Excellent communication and interpersonal skills to collaborate effectively with cross-functional teams and stakeholders.
  • A deep understanding of customer needs and a commitment to delivering solutions that improve their experiences.
  • Familiarity with Agile development methodologies.
  • The ability to adapt to changing market conditions and pivot strategies as needed.
Responsibilities
  • Develop and communicate the product vision, strategy, and roadmap for the healthcare technology product line. Collaborate with cross-functional teams to ensure alignment with overall company objectives.
  • Manage and mentor a high-performing team of product managers, fostering a culture of innovation, collaboration, and excellence. Provide clear direction and support for their professional development.
  • Stay abreast of industry trends, regulatory changes, and emerging technologies in healthcare. Conduct market research to identify opportunities and threats, and adjust product strategies accordingly.
  • Maintain a deep understanding of customer needs, pain points, and feedback. Work closely with sales, customer support, and other teams to gather insights that inform product development and enhancements. Run customer councils to get the voice of customers.
  • Oversee the entire product development lifecycle, from concept to delivery. Collaborate with engineering, design, and other cross-functional teams to prioritize and guide feature development.
  • Create and manage a product roadmap that aligns with the company's strategic objectives. Prioritize features, improvements, and optimizations based on business impact and customer feedback.
  • Lead successful product launches by coordinating marketing, sales, and customer support efforts. Ensure the team is well-prepared for a seamless product release.
  • Define and track key performance metrics, such as user adoption, revenue growth, and customer satisfaction, to measure the success of product initiatives.
  • Identify potential risks and challenges, and develop mitigation plans to ensure the product's success. Stay proactive in addressing issues and pivoting strategies when necessary.
  • Foster collaboration and communication between different departments, including engineering, marketing, sales, and operations, to ensure product development aligns with business goals.
  • Run end to end programs and their smooth execution while driving transforming towards execution powerhouse.

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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