In a recent webinar, Alissa Johnson, Director of Clinical Strategy at SmithRx, walks through how cost-based options can significantly lower pharmacy costs for employers. By switching to cost-based PBM models, employers can drastically reduce the cost of high-dollar specialty drugs, like Humira, and improve employee access to essential medications with lower out-of-pocket costs. 🎉 This approach benefits employees, employers, and HR teams by lowering prescription drug costs, reducing legal risks, and improving medication adherence. 👉Watch to learn how cost-based PBMs like SmithRx can transform your benefits strategy? #HR #EmployeeBenefits #PBM #SmithRx #Humira #healthcare
SmithRx
Hospitals and Health Care
San Francisco, CA 11,543 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
300 Brannan St
San Francisco, CA 4107, US
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1331 W Powell Way
Suite 4
Lehi, Utah 84043, US
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6080 Tennyson Pkwy
Plano, Texas 75024, US
Employees at SmithRx
Updates
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Big News! The FTC recently passed a rule requiring businesses to disclose the total price upfront for things like tickets, hotels, and other services—no more surprise fees at checkout leaving you wondering where your money went!🎉 This is a HUGE win for transparency and fairness. But what about the PBM space? 🤔 We’re still waiting to see that same level of transparency here. At SmithRx, we’ve NEVER had junk fees. ❌ No gimmicks, no fine print. Just transparent pricing that’s good for both employers and their employees.💯 👉Read more about the FTC's new rule here: https://lnkd.in/gMxHGB8J #JunkFees #Transparency #PBM #Healthcare #PharmacyBenefits #SmithRx #FTC
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🔍Navigating your health insurance plan’s prescription coverage can be tricky - especially when you encounter non-formulary drugs! So, what are non-formulary drugs and what can you do when you are prescribed one? 🤔 In this blog post, we will go over the ins and outs of non-formulary drugs to ensure that you can get the medications you need at an affordable price. 📖 Read the full blog here ➡️ https://lnkd.in/ggueyh2i #Healthcare #PrescriptionCosts #Formulary #NonFormularyDrugs #SmithRx #Blog #HealthInsurance
Non-formulary Drugs | SmithRx
smithrx.com
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Caring for our Members in CA: Due to recent wildfires, we’ve implemented disaster overrides in California, allowing pharmacies to bypass refill-too-soon rejections and to apply overrides as needed to ensure members receive their medications without interruption. Home Delivery Delays due to inclement weather: We are monitoring winter weather across the country and the areas where UPS and FedEx services are impacted or suspended. In such cases, we are working with members to find alternate pharmacies where they can refill their medications. If a member is having trouble getting their medication, they can contact Member Support Services by chat on our website, email (help@SmithRx.com) or phone (844) 454-5201). Our team is available Monday through Friday, 8 am - 9 pm ET and Saturdays 11 am - 4 pm ET.
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🤔 Did you know that prescription drug lists, also known as formularies, directly impact how much you pay for medication? These lists determine which drugs are covered by your health plan and are often broken down into different tiers, with affordable generics and biosimilars in the lower numbered tiers and more expensive drugs (such as specialty drugs) in higher tiers. Understanding these tiers—and what happens when a drug isn’t on the list—can help you find cost-effective options and save big! 💡 Want to learn more about how your prescription drug list affects your costs and how to save? Read our full blog for more insights ➡️ https://lnkd.in/g8QHEynM #HealthcareCosts #PrescriptionDrugs #Formulary #HealthInsurance #SmithRx #CostSavings #blog
How Prescription Drug Lists Impact Costs | SmithRx
smithrx.com
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💊 PBM trends to watch in 2025 The PBM landscape is shifting, and 2025 is set to be a game-changer. From increased transparency to value-based contracts, people are DEMANDING better pricing, better care, and better outcomes! 🔍 We’re looking into the top trends employers need to know about PBMs, like Transparent pricing models, regulatory changes that are in the works, and managing specialty medications. Ready to learn how these trends will impact your pharmacy benefits in the new year? Check out our latest blog post! 👇 https://lnkd.in/g4PmvzqM #PharmacyBenefits #PBM #HealthcareInnovation #Transparency #EmployerBenefits #SmithRx
PBM Trends in 2025 | SmithRx
smithrx.com
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🚨Big things are happening in the PBM space!🚨 Modern PBMs are gaining traction as employers and insurers move away from traditional models. We’re thrilled to offer clients more control over their pharmacy benefits. “Even for these small employers that we’re able to come in and save them 30% to 50% on their pharmacy spend, it’s meaningful,” said Alan Pannier, Senior VP of Product Strategy, SmithRx. 2025 is shaping up to be a game-changer for SmithRx as more folks are making the switch to cost-saving, transparent solutions! 👉 Check out the full article here: https://lnkd.in/geskcwAS #PharmacyBenefits #PBM #HealthcareInnovation #Transparency #EmployerBenefits #SmithRx
Where smaller PBMs are headed this year
modernhealthcare.com
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Behind each of these headlines lies a simple truth—healthcare can be better, and SmithRx is leading the way. Being named Modern Healthcare's Best in Business 2024 validates our mission, but our ultimate measure of success is making healthcare more accessible and affordable for your clients. We're incredibly proud of our entire team's relentless work to transform pharmacy benefits. Here's to continuing this momentum in 2025! ✨ #PBM #EmployeeBenefits #Healthcare #SmithRx
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Our Cost-Based PBM Evaluation Certification Course taught brokers how to move beyond traditional discount-based evaluation to deliver real pharmacy benefit savings. From PBM selection rubrics to Per Member Per Month (PMPM) evaluation tools, we equipped brokers with game-changing resources to win more business and maximize client value. As 2024 wraps up, we're already planning ahead for more in 2025! Link in the comments to register your interest in future events and certification opportunities. 🎓 #PBM #ModernPBM #EmployeeBenefits #BrokerEducation
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Behind every urgent call is a member counting on us. Our support team transforms challenging moments into solutions, setting the standard for what healthcare support should be. A modern PBM that's there for your clients when it matters most. #MemberCare #HealthcareSolutions #PatientSupport #CustomerExperience #PharmacyBenefits