[Remote] Senior Director Pricing Strategy and Forecasting, Supply Chain at SmithRx

Remote

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Not SpecifiedCompensation

Expert & Leadership (9+ years)Experience Level

Full TimeJob Type

UnknownVisa

Health-Tech, Pharmacy Benefit Management (PBM)Industries

Requirements

The ideal candidate 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. A strong background and interest in commercial insurance, relationship management, strategy, process development, leading presentations, and negotiation are required. A deep understanding of pharmacy reimbursement, pricing benchmarks, PBM client pricing, and the competitive landscape related to supply chain pricing is essential.

Responsibilities

This role will create unique pricing strategies across the supply chain, including retail pharmacy, mail pharmacy, specialty, rebate aggregators, and pharmaceutical manufacturers. The Senior Director will nurture relationships with key pricing and BI supply chain contacts, leverage data analytics and economic modeling to drive conversations about the company's pharmacy benefit offering, and drive opportunity growth by opening new channels for the sales organization. They will collaborate effectively with cross-functional teams such as Sales, Customer Success, Sales Ops, Partnerships, Strategy, Analytics, Product, and Marketing. Additionally, the role involves creating purpose-built content to improve solution knowledge and support the sales process, and facilitating meetings with strategic partners to communicate differentiators and drive excitement about the company's value.

Skills

Pricing Strategy

Forecasting

Supply Chain

Retail Pharmacy

Mail Pharmacy

Specialty Pharmacy

Rebate Aggregators

Pharmaceutical Manufacturers

Market Competition

Data Analysis

Financial Modeling

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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