SmithRx

Group Product Manager

Remote

Not SpecifiedCompensation
Expert & Leadership (9+ years)Experience Level
Full TimeJob Type
UnknownVisa
Health-Tech, Pharmacy Benefit ManagementIndustries

Requirements

Candidates must have at least 10 years of product management experience, including 3+ years managing Product Managers. Expertise in vision-setting, strategy, team design, and product portfolio management is required. A background in the health-tech industry, preferably with experience in Pharmacy Benefit Management (PBM) or Data Integration API platforms, is strongly preferred. Proven accountability for driving business outcomes and owning OKRs, along with a track record of delivering results through high-performing teams and successful product launches in complex environments, is essential. Demonstrated ability to drive multi-year product strategy, mentor others, and influence at the organizational level is also necessary. Applicants must be based in Arizona, Arkansas, California, Colorado, Florida, Georgia, Kansas, Minnesota, Missouri, Nevada, New Jersey, North Carolina, Ohio, Pennsylvania, South Carolina, Tennessee, Texas, Utah, Virginia, Washington, or Wisconsin.

Responsibilities

The Group Product Manager will lead and mentor a team of Senior Product Managers, setting clear expectations and developing talent. They will define, articulate, and execute a forward-looking portfolio strategy aligned with business priorities, market trends, and client needs. This role involves partnering closely with leadership to set direction, own and track team-level OKRs, and connect product strategy to company outcomes. Collaboration with Engineering, UX Design, Operations, and client-facing teams to deliver high-quality products at pace is crucial. The Group Product Manager will use data analytics to track user and product performance, measure release impact, and drive continuous improvement. They will also lead, plan, and support new product launches and enhancements with operational discipline.

Skills

Product Management
Platform Strategy
Adjudication
Eligibility
Data Integrations
Health-Tech
PBM
Visionary Leadership
Organizational Excellence
Stakeholder Management
Agile Methodologies

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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