🥂 You're invited: join us in Chicago on September 24th for a rooftop evening of mixology, connection, and skyline views, hosted by SmithRx, Transcarent and Sword Health. When day one of The Conference Board Annual Employee Health Care Conference winds down, we're looking forward to continuing the fun together in the Windy City. Enjoy a bespoke cocktail and stop by our custom cotton candy station for a sweet treat. Whether you want to forge new industry relationships, talk through the week's key takeaways, or just unwind with peers, this is the place to toast to a great conference. 📍 Vu Rooftop, 133 E Cermak Rd, Chicago 🕕 Thursday, September 24 at 6:00pm 👔 Dress code: Casual 📩 Spots are limited. RSVP today: https://bit.ly/4wuo14C #BenefitsLeaders #Chicago #Networking #TheConferenceBoard #SmithRx
SmithRx
Hospitals and Health Care
San Francisco, CA 20,426 followers
Radically transparent pharmacy benefits.
About us
Our mission is to reduce the cost and complexity of pharmacy benefits for America’s employers and patients. Pharmacy benefits are broken. The overly complex monopolies built by big PBMs only serve their bottom lines. SmithRx is a transparent, pass-through pharmacy benefits manager for self-insured employers. We operate independently from insurance companies and pharmacies so that our incentives are 100% aligned with our customers. Our modern technology and innovative cost savings programs connect our members to the lowest cost drugs. Get in touch with us to today to learn how to save on your pharmacy spend!
- Website
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http://www.smithrx.com/
External link for SmithRx
- Industry
- Hospitals and Health Care
- Company size
- 501-1,000 employees
- Headquarters
- San Francisco, CA
- Type
- Privately Held
- Founded
- 2016
- Specialties
- Healthcare, Pharmaceuticals, Healthcare IT, Pharmacy Benefit Management, Pharmacy Benefits Management, PBM, SaaS, Cloud, B2B, Enterprise SaaS, Prescription Drugs, and Workers Compensation
Locations
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Primary
Get directions
300 Brannan St
San Francisco, CA 4107, US
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Get directions
1331 W Powell Way
Suite 4
Lehi, Utah 84043, US
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Get directions
6080 Tennyson Pkwy
Plano, Texas 75024, US
Employees at SmithRx
Updates
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Every PBM should work in alignment with the plan sponsor's fiduciary duty, with real differentiation between offerings coming down to execution capability, service, and member experience. Nautilus's new Contract X-Ray tool, which scores a PBM contract against standard model fiduciary language, is a serious step toward PBMs making that commitment to alignment the baseline across the industry. In our latest episode of Full Disclosure, host Alissa Johnson, PharmD, MBA, BCPS, Senior Director, Clinical Strategy at SmithRx, sat down with Alan Pannier, Pharm D,MBA, Chief Strategy Officer at SmithRx, and Steve Ditto, Senior Health Executive and Compliance Advisor; Board Advisor at Nautilus Health Institute, to talk about how plan sponsors can take action now to help push the market toward that kind of alignment. "It's really collective action that's going to get the entire market to move, and that's what we're going to try to continue to catalyze." — Steve Ditto, Nautilus Health Institute Curious how SmithRx scored on our own Contract X-Ray analysis? Read the recap and watch the full conversation, now available on demand. 📺 Is Your Pharmacy Benefits Contract in Line with CAA 2026 Updates? https://bit.ly/4g4LrXY #ModernPBM #PharmacyBenefits #EmployerBenefits #PBM #FullDisclosure #SmithRx #CAA
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🔎 Are you part of the 60% of employers who say they'll be evaluating alternative health plan models by 2028? With healthcare costs forecasted to rise 9% this year, it's time to rethink your pharmacy benefit strategy. Ty Perry, VP, Sales at SmithRx is taking the stage next week at The Millennium Alliance's Benefits Assembly in Austin to walk through what's driving these changes and explore solutions already available to plan sponsors who want affordability, transparency, and innovation. 🎤 The Benefits Breakthrough: Leading Meaningful Cost Reduction in Pharmacy Benefits 👤 Ty Perry, VP, Sales, SmithRx 🗓️ August 18-19, 2026 📍 Austin, TX If you're attending, come meet the SmithRx team at our table! We'll be there to answer your questions about switching to a modern pharmacy benefits strategy. #TheMillenniumAlliance #ModernPBM #PharmacyBenefits #SmithRx
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💡 A 50% discount can still cost you more than a 0% discount. Sounds backwards, but it's how most legacy PBM pricing works. Legacy PBMs optimize for discounts, the size of the markdown off list price, because a bigger "savings" number looks great on a report even when your final bill climbs. Modern PBMs optimize for lowest net cost, what your plan actually pays after rebates and fees, so the only number that matters is your bottom line. Vote below then read more on the SmithRx Blog: 🔄 Inverse Incentives: Why PBMs Profit When Your Spending Soars: https://bit.ly/4fV7KPY #PBMs #PharmacyBenefits #ModernPBMs #BenefitLeaders
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👋 Come meet the SmithRx team! Here's where we'll be this August: Aug 13 | Benefits Innovation Forum 2026 Hosted by Renewal 📍 Chattanooga, TN 🎤 Modern PBMs: Reducing Complexity & Cost of Pharmacy Benefits 👤 Eric Porter, MBA, VP of SMB Sales, SmithRx Aug 18–19 | Benefits Assembly Hosted by The Millennium Alliance 📍 Austin, TX 🎤 The Benefits Breakthrough: Leading Meaningful Cost Reduction in Pharmacy Benefits 👤 Ty Perry, VP of Sales, SmithRx Can't wait to see you there! 🧡 #PharmacyBenefits #EmployeeBenefits #ModernPBM #TheMillenniumAlliance #SmithRx
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The average member has a medical carrier, a PBM, and 8 to 12 different point solutions, with no clear idea where to turn when they need help. Jonathan Koval, PharmD MBA, GM and VP of Pharmacy Care & Weight Health at Transcarent joined Alissa Johnson, PharmD, MBA, BCPS and Alan Pannier, Pharm D,MBA, on Full Disclosure to share how pharmacy claims can do more than process a transaction. For example, with modern pharmacy benefits, when a member fills a new antidepressant, that signal can automatically connect them to the mental health benefit they may not have even known to look for. This guidance improves their quality of care by proactively matching them with resources, especially when they're already managing a new diagnosis. ➡️ Watch the full episode and read the recap to learn more: https://bit.ly/4pPtjWB #ModernPBM #PharmacyBenefits #EmployerBenefits #PBM #FullDisclosure #SmithRx #Transcarent
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💸 While big rebate checks look enticing, employers are really accepting delayed payment and sub-par ‘deals’. On the latest episode of Collective Health's podcast, The Benefits Playbook, SmithRx founder and CEO Jake Frenz sat down with Dane Thorwaldson to break down why that rebate check isn't the win it looks like, and why employers should measure total cost per member, per month (PMPM), instead. ➡️ Watch or listen to the full conversation here: https://bit.ly/4fjXqlm #Benefits #HR #PBMs #SmithRx #TheBenefitsPlaybook
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📰 In this month's edition of Benefits Blueprint: → Get your PBM contract audit-ready with our CAA readiness webinar → Build a sustainable, clinically-informed GLP-1 coverage strategy → See what's ahead in the Q2 Drug Pipeline & Clinical Update → Learn how fiduciary alignment and independent pharmacy affect your plan Read the full digest, and subscribe to be the first to know when the next edition drops. #SmithRx #BenefitsLeaders #PBMs #ModernPBM #CHRO
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⏱️ Last chance to register for tomorrow's Full Disclosure webinar: X-Ray Your PBM Contract: CAA Readiness and Alignment Made Easy 🎟️ Save your spot: https://bit.ly/3Rb7Jis Tomorrow, plan sponsors get a firsthand look at the tools built to independently verify what a PBM contract delivers. Join Steve Ditto, Senior Health Executive and Compliance Advisor; Board Advisor at Nautilus Health Institute, and host Alissa Johnson, PharmD, MBA, BCPS, Senior Director, Clinical Strategy at SmithRx, alongside Alan Pannier, Pharm D,MBA, Chief Strategy Officer at SmithRx, for a conversation on how to separate real fiduciary alignment from marketing language. Register now to learn more about: • Understanding the gap between PBM jargon and true fiduciary commitment • A guided look at Nautilus Health Institute's Contract X-ray and CAA Readiness Report • Questions to ask your PBM to verify real compliance versus marketing tactics See you there! #ModernPBM #PharmacyBenefits #EmployerBenefits #PBM #FullDisclosure #SmithRx #CAA
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🗞️ In this month's Broker Brief: → CAA readiness webinar → Q2 Drug Pipeline & Clinical Update → On-demand educational sessions covering GLP-1s and fiduciary alignment ⬇️ Read the full digest, and subscribe to get next month’s edition straight to your inbox. #SmithRx #BenefitsBrokers #BrokerConsultants #PBMs #ModernPBM