Full-Time

Senior Director

Product Management

Confirmed live in the last 24 hours

SmithRx

SmithRx

201-500 employees

Pharmacy benefit management with transparent pricing

Enterprise Software
Healthcare

Senior, Expert

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
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. 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%
Simplify Jobs

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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