SmithRx

Principal Implementation Manager

Remote

Not SpecifiedCompensation
Senior (5 to 8 years)Experience Level
Full TimeJob Type
UnknownVisa
Health-Tech, Pharmacy Benefit ManagementIndustries

Position Overview

  • Location Type: Onsite (with travel)
  • Job Type: Full-time
  • Salary: Not specified

SmithRx is a rapidly growing, venture-backed Health-Tech company with a mission to disrupt the Pharmacy Benefit Management (PBM) sector. We are seeking an experienced and dynamic Principal Implementation Manager to join our Customer Success team. This strategic individual contributor role is responsible for leading the implementation of complex and large-scale new group Pharmacy Benefit Management (PBM) clients. The role demands a seasoned professional capable of overseeing end-to-end implementation projects, ensuring high-quality delivery of the SmithRx product, and fostering strong client relationships. The Principal Implementation Manager will drive project teams to achieve critical milestones, collaborate effectively with internal and external stakeholders, and ensure predictable, successful outcomes. This role requires travel for key client engagements, including finalist presentations and potential on-site implementation support.

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.

About SmithRx

SmithRx is building a next-generation drug acquisition platform driven by cutting-edge technology, innovative cost-saving tools, and best-in-class customer service. Since 2016, we have onboarded hundreds of thousands of members. We pride ourselves on our mission-driven and collaborative culture that inspires our employees to do their best work. We believe the U.S. healthcare system needs transformation and are dedicated to making that change a reality.

Company Values:

  • Integrity: Our purpose guides our actions, giving 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

  • Lead end-to-end implementations for large and complex new group PBM clients, providing strategic direction as the primary point of contact throughout the lifecycle, including travel for key on-site engagements.
  • Collaborate with the sales team by providing subject matter expertise for RFPs, and traveling to and actively participating in finalist presentations to showcase our implementation capabilities.
  • Leverage deep PBM industry knowledge to architect effective solutions, leading client discovery and skillfully navigating complex client organizations to define project plans, document/validate requirements, ensure stakeholder alignment, and secure formal client approval for tailored implementations.
  • Develop and execute detailed project plans for large-scale implementations, establishing rigorous monitoring, control, and risk mitigation processes (including executive reporting and contingency planning) to ensure milestones are met and issues are proactively addressed.
  • Effectively communicate and collaborate with key internal (Sales, Product, Engineering, Operations) and external (Clients, Brokers, Consultants, Third-Party Vendors) stakeholders to ensure timely completion of all project tasks and readiness for go-live.
  • Manage escalated client issues, member issues, and project challenges.

Requirements

  • Experienced and dynamic professional.
  • Seasoned professional capable of overseeing end-to-end implementation projects.
  • Deep PBM industry knowledge.
  • Ability to travel for key client engagements.

Skills

Project Management
Client Implementation
Healthcare/Pharmacy Benefit Management
Stakeholder Coordination
Large-scale Program Delivery

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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