SmithRx is a pharmacy benefits partner built on a modern technology platform that creates new levels of flexibility, efficiency, and customer satisfaction. It offers a cost-competitive pharmacy benefits manager (PBM) model with a focus on transparency and aligned incentives. SmithRx aims to reduce the complexity and cost of pharmacy benefits by connecting payers, pharmacy benefits, pharmacies, employers, and patients to ensure the delivery of effective and low-cost drugs.

Jake Frenz

SmithRx

CVS is an online drugstore and pharmacy that provides prescription services, health information, and wellness products. Self-described as a provider of health and wellness solutions.

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!

Konstantin von Unger

Great Oaks Venture Capital

Blumberg Capital

Founders Fund

NextGen Venture Partners

SciFi VC

BoxGroup

Precursor Ventures

Venrock

Presight Capital

Darian Shirazi

Zachary Hargreaves

👉 This year, SmithRx will simplify the healthcare experience and we're teaming up with Amazon Pharmacy to do it! 👈  

We're excited to offer you Amazon Pharmacy as a NEW home delivery option for your medications. 

In addition to new home delivery, obtaining medications has never been easier in 2024 with these benefits:
🔸 Transparent pricing
🔸 Convenient 90-day supply
🔸 Hassle-free experience
🔸 Secure, discreet, and prompt delivery right to your door

Make managing your medication easy with upfront pricing, easy sign-up, and fast delivery. 💊 Try it now at https://lnkd.in/gxQNVTCU (https://lnkd.in/gxQNVTCU) #amazon #pbms #pharmacy #healthcare

We all know #healthinsurance costs are adding to the financial stress in today's economy. Employees now contribute over $1,400 to the $8,435 annual single-person coverage cost, and open enrollment decisions compound the challenge.

At SmithRx, we play a pivotal role in simplifying these choices.

This year we'll continue to empower individuals to make informed decisions for both their health and wallets. #benefitsbroker #empowerchoices #2024health #smithrx 💪🏥💼

Happy New Year to you from all of us at SmithRx!

May this New Year bring you joy, prosperity, and good health. 🌈 Thank you for trusting SmithRx as your preferred PBM; we look forward to serving you with even greater dedication and enthusiasm in the year ahead!

#pbms #pharmaceuticalcompanies #healthcareinnovation

PBMs served 275M Americans this year, but how was the experience?

Discover how SmithRx's exceptional service and transparency model can elevate your clients' healthcare experience in more ways than one!

Learn more about our transformative impact on healthcare accessibility and affordability. 🔗 https://www.smithrx.com/
#healthcareinnovation #healthcarebroker #SmithRx

Need insights on discussing healthcare during the holidays? Sam Slaughter, SVP of Revenue at SmithRx, has compiled some insightful points to tackle these tough conversations.

With his deep understanding of financial dynamics and Big Health, a term fittingly coined by The Economist, it's time to talk healthcare!

Read the full article here 📙 https://lnkd.in/g9UiaGKd
#healthinsurance #healthcarereform #PBM #insurancebroker

This year, we marked a pioneering journey in transparent pharmacy benefits for SmithRx. From groundbreaking affordability initiatives to digital innovations, our commitment to you has never wavered.

We're taking the time to celebrate our wins, and you should do the same! 🎉 

To our partners, clients, and members, thank you for your continued trust and support; we're looking ahead to 2024 with excitement and gratitude. Here's to making healthcare accessible, affordable, and personalized!

Get the full 'Year in Review' experience here 👉 https://lnkd.in/gyABb-kw

#SmithRx #YearInReview #HealthcareTransformation

ICYMI: The refreshed Member Portal experience for SmithRx Members is here!

Our teams understand the importance of ease and efficiency when it comes to managing healthcare needs. That's why we're proud to unveil a redesigned member portal, crafted with members top of mind. The new user interface is all about simplicity and clarity, making it easier than ever for everyone to take control of their health journey. 🌟

This portal update is dedicated to you! Learn more about it now.👇  https://lnkd.in/dRBtMzFp

A recent National Alliance of Healthcare Purchaser Coalitions survey reveals major employer concerns about healthcare practices. 

📉 Less than half of employers are confident in hospitals and #PBMs
🙅♂️ 8 in 10 see drug costs and hospital prices as a significant threat.
🤥 51% said they’re worried about the integrity of PBM administration.

Urgent reforms are needed. Rising healthcare costs challenge employers in talent retention and attraction, and just as they're taking action to realign this broken system, so are we!

#healthcareinsights #employers #healthcarereform #smithrx

CVS Health's recent pricing revamp has sent shockwaves through the healthcare industry. Is it truly a game-changer or a remarkable display of smoke and mirrors? Alan Pannier, our SVP of Product Strategy, takes a clear look into the latest move by the pharmacy giant. 

Read now 👉 https://lnkd.in/dTp_8Az5

#pbm #healthcare #smithrx #cvshealth

Our latest article exposes and reveals the realities of PBMs; the red flags, if you will. 🚩 

Learn to detect common issues in contracts and unveil the illusion of transparency. Discover hidden revenue streams like Spread Pricing Fees, DIR Fees, and more.

Any other tips? We'd love to read them in the comments! 

Check out the full article 👉 https://lnkd.in/gtA6nDdF

#healthcaretransparency #PBMs #employeebenefits #costsavings #smithrx

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Company Name	SmithRx	CVS
Symbol
MSH ID	COM:SMITHRX	COM:CVS
Market	PRIVATE	PRIVATE
Sector	Pharmacy Benefits Management	Healthcare & Health Services
Industry	Healthcare	Pharmacy and Retail Health
Country	US	US
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Employee Count	314
Website	smithrx.com	cvs.com
LinkedIn	smithrx
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Market Cap	157.50M
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COM:SMITHRX

SmithRx

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