Proposals Pricing Analyst

Remote

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Not SpecifiedCompensation

Mid-level (3 to 4 years)Experience Level

Full TimeJob Type

UnknownVisa

Health-Tech, Pharmacy Benefit ManagementIndustries

Requirements

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. Candidates should have 3-5 years of professional experience, with experience in software, employee benefits, or healthcare industries being a plus. Strong analytical, organizational, communication, presentation, and project management skills are required. Proficiency in Microsoft Excel, SQL, Looker, and Tableau is essential. The ability to collaborate constructively and positively in a fast-paced environment is also necessary.

Responsibilities

The Proposals Pricing Analyst will participate in the presales process by conducting claims analysis and creating deliverables to showcase the SmithRx value proposition to potential clients, consultants, and benefit brokers. This role involves interfacing with internal teams to provide savings insights for clients. Key duties include independently querying data from large datasets, generating ad hoc analysis with clear insights, leveraging historical claims data for reprice reporting, preparing client-ready deliverables through an audit process, executing deep-dive analyses into large datasets, and communicating findings clearly with internal stakeholders and external partners. The analyst will also provide ad hoc analysis to illustrate the potential impact of implementing SmithRx as a pharmacy benefit solution.

Skills

Claims analysis

Pricing

Sales support

Data analysis

Financial modeling

Communication

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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