Pricing Strategy Director

Remote

Apply with AI Apply

Not SpecifiedCompensation

Expert & Leadership (9+ years)Experience Level

Full TimeJob Type

UnknownVisa

Health-Tech, Pharmacy Benefit ManagementIndustries

Requirements

Candidates must possess a Bachelor's degree and over 10 years of experience in pharmacy benefits RFPs, contracts, AWP discount pricing, and rebate guarantees. Applicants must be based in Arkansas, Arizona, California, Colorado, Florida, Georgia, Kansas, Minnesota, Missouri, Nevada, North Carolina, South Carolina, Ohio, Pennsylvania, Tennessee, Texas, Utah, Virginia, Washington, or Wisconsin. The ideal candidate will be commercially-minded, deeply knowledgeable about PBM pricing, curious, critically-minded, detail-oriented, and eager to win.

Responsibilities

The Pricing Strategy Director will collaborate with Sales and Proposals teams to develop winning PBM offers, particularly for large enterprise clients. This role involves working closely with Strategy, Partnerships, Legal, Supply Chain, and Revenue teams to drive company growth. Responsibilities include conducting repricing and member experience analyses, composing compelling offers for large employers, generating pricing and RFP responses, adapting pricing offers for prospects, creating client-ready spreadsheets and presentations, understanding SmithRx's business model, evaluating risks in pricing and RFP strategies, and supporting legal and contractual negotiations related to pricing and reconciliation terms.

Skills

Pricing Strategy

PBM

Sales

Proposals

Enterprise Clients

Strategy

Partnerships

Legal

Supply Chain

Revenue

Commercial Acumen

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.

Land your dream remote job 3x faster with AI

Try Jobo Free