SmithRx

Deal Operations Analyst

Remote

Not SpecifiedCompensation
Mid-level (3 to 4 years)Experience Level
Full TimeJob Type
UnknownVisa
Health-Tech, Pharmacy Benefit Management (PBM)Industries

Job Description: Deal Desk Analyst

Position Overview

SmithRx is seeking a meticulous and proactive Deal Desk Analyst to join our growing Health-Tech company. This role is crucial for ensuring the accuracy and integrity of commercial deal details within our systems, supporting downstream processes such as contracting, billing, and reconciliation. The ideal candidate thrives on untangling complex information, driving automation, and establishing structured processes that can scale with volume and nuance. As the first member of our Deal Desk, you will be the central point of contact for deal information, bridging the gap between Sales, Proposals, and Contracting teams.

Who We Are:

SmithRx is a rapidly growing, venture-backed Health-Tech company. Our mission is to disrupt the expensive and inefficient Pharmacy Benefit Management (PBM) sector by building a next-generation drug acquisition platform driven by cutting-edge technology, innovative cost-saving tools, and best-in-class customer service. With hundreds of thousands of members onboarded since 2016, SmithRx has a solution that is resonating with clients all across the country.

We pride ourselves on our mission-driven and collaborative culture that inspires our employees to do their best work. We believe that the U.S. healthcare system is in need of transformation, and we come to work each day dedicated to making that change a reality. At our core, we are guided by our company values:

  • Integrity: Our purpose guides our actions and gives us confidence in the path ahead. With unwavering honesty and dependability, we embrace the pressure of challenging the old and exemplify ethical leadership to create the new.
  • Courage: We face continuous challenges with grit and resilience. We embrace the discomfort of the unknown by balancing autonomy with empathy, and ownership with vulnerability. We boldly challenge the status quo to keep moving forward—always.
  • Together: The success of SmithRx reflects the strength of our partnerships and the commitment of our team. Our shared values bind us together and make us one. When one falls, we all fall; when one rises, we all rise.

Responsibilities:

  • Deal Verification & Recording: Act as the central checkpoint to verify all commercial details of a deal. Ensure information provided by the sales team is complete and partner with Pricing and Proposals to confirm deals offered and won.
  • Data Integrity & Governance: Own the quality and accuracy of deal information entering our core systems, including Salesforce and Ironclad. Serve as the source of truth for deal arrangements.
  • Sales Velocity & Enablement: Manage the data validation process to speed up approvals and facilitate faster contract delivery to clients.
  • Cross-Functional Partnership: Collaborate closely with Sales, Pricing & Proposals, and RevOps to map, define, and enforce the deal engagement process and associated SLAs.
  • Process Improvement & Automation: Actively identify bottlenecks and inefficiencies in the deal execution process. Work with business systems partners to drive Sales-related automation and workflow enhancements.

Requirements:

  • Ability to identify current commercial details and remain vigilant for new terms, offers, and nuances.
  • Aptitude for untangling complex information and driving automated, systems-driven solutions.
  • Capacity to bring structure to grey-area processes that scale with nuance and volume.

Location & Employment Type:

  • Location Type: [Information not provided]
  • Employment Type: [Information not provided]

Eligibility:

Applicants 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.

Salary:

  • [Information not provided]

Application Instructions:

  • [Information not provided]

Skills

Deal Operations
Data Verification
System Recording
Contracting
Billing
Reconciliation
Automation
Problem-Solving
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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