SmithRx

SmithRx is a modern pharmacy benefits manager (PBM) founded in 2016 and headquartered in San Francisco, United States. The company is dedicated to delivering radically transparent pharmacy benefits by providing employers and members with the lowest-cost pathways to medications through unmatched clarity, affordability, and care. SmithRx operates on a 100% pass-through model with no hidden fees or misleading discounts, ensuring all savings go directly to clients.

The company is recognized for significantly lowering pharmacy benefit costs for employer clients, achieving an average cost reduction of 30% or more, and has saved clients over $200 million with minimal disruption. SmithRx’s Connect 360 platform enhances cost savings by transitioning claims to lower-cost biosimilars, demonstrating an innovative approach to managing specialty drugs and autoimmune medications.

SmithRx has experienced rapid growth, expanding its client base to over 4,000 employers by 2024. The company prides itself on its transparent business practices, comprehensive data insights, and white-glove service that simplifies benefits management for human resources teams.

The company fosters a mission-driven and collaborative culture, which has earned recognition as one of the Best Places to Work in Healthcare. SmithRx’s CEO emphasizes the importance of empowering employees to innovate and collaborate in transforming the U.S. healthcare system.

SmithRx’s platform offers complete transparency and tools to deliver smarter benefits solutions, making healthcare pricing clear for employers and employees alike. The company is building a new pharmacy benefits system focused on fairness, efficiency, and affordability in healthcare.