[Remote] Accounts Receivable Specialist at SmithRx

San Francisco, California, United States

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Not SpecifiedCompensation

Entry Level & New GradExperience Level

Full TimeJob Type

UnknownVisa

Health-TechIndustries

Requirements

2-4 years of AR and collections experience, preference for high-volume billing
Associate’s degree or equivalent professional experience in Accounting, Business Administration, or a relevant field
Self-motivated with an eye for process initiatives and improvement
Strong communication and customer service skills with internal and external contacts
Proven oral and written communication skills
Solid understanding of accounts receivable and basic accounting policy
Highly organized and focused on follow-through with excellent attention to detail and problem-solving skills
Ability to work in an open environment with cross-functional teams
Strong MS Office Suite skills
Must be based in one of the following states: Arkansas, Arizona, California, Colorado, Florida, Georgia, Kansas, Minnesota, Missouri, Nevada, North Carolina, South Carolina, Ohio, Pennsylvania, Tennessee, Texas, Utah, Virginia, Washington, Wisconsin

Responsibilities

Analyze cash application and collection procedures, identifying opportunities for improvement
Prepare reports, providing cash collection trends for better cash flow management and enforcing billing deadlines
Develop relationships with internal and external customers
Perform detailed analysis to respond to internal and external questions around billing and invoicing
Perform payment application – review daily incoming banking transactions and book accordingly
Prepare aging reports and update/reconcile sub-ledger to G/L
Update and maintain customer records in ERP system
Proactively monitor and follow up on delinquent accounts on a timely basis
Perform ad hoc tasks as assigned by manager
Participate in audits, process documentation, and process improvement
Manage the suspension and/or cancellation of accounts

Skills

Accounts Receivable

Sage Intacct

Customer Communication

Invoice Collection

Problem-solving

Organization

Attention to detail

SmithRx

Pharmacy benefit management with transparent pricing

About SmithRx

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. SmithRx aims to simplify pharmacy benefits while maximizing value for its clients through transparency, advanced technology, and exceptional customer service.

San Francisco, CaliforniaHeadquarters

2016Year Founded

$94.8MTotal Funding

SERIES_CCompany Stage

HealthcareIndustries

201-500Employees

Benefits

Health Insurance

Dental Insurance

Vision Insurance

Life Insurance

Disability Insurance

Health Savings Account/Flexible Spending Account

Unlimited Paid Time Off

Paid Holidays

Wellness Program

Commuter Benefits

Parental Leave

Mental Health Support

Professional Development Budget

Risks

Increased competition from technology-driven PBMs like Capital Rx could erode market share.

Rapid technological advancements may require costly updates to SmithRx's platform.

Potential regulatory scrutiny on PBM pricing models could impact SmithRx's business model.

Differentiation

SmithRx uses a transparent 'Pass Through Pricing' model, unlike traditional PBMs.

The company leverages real-time data for efficient pharmacy benefit management services.

SmithRx offers concierge-level service, enhancing customer satisfaction and support.

Upsides

SmithRx secured $60M in Series C funding, indicating strong investor confidence.

Partnership with Banjo Health enhances prior authorization processes using AI technology.

Collaboration with TheracosBio offers cost-effective drug options for Type 2 Diabetes.

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