SmithRx

Senior Vice President, Customer Success

Remote

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

Requirements

Candidates should possess strong industry and product knowledge to serve as a trusted advisor and business partner to client leadership. Experience in managing client relationships post-sale, including renewals and long-term partnerships, is essential. The role requires the ability to build trusting relationships with client senior leadership and oversee client contract renewals and negotiations. A proven track record in customer satisfaction and retention, along with experience managing financial and operational performance against contract guarantees, is necessary. The ideal candidate will also have experience in leading and developing teams, including hiring, training, mentoring, and performance management, as well as managing departmental budgets and headcount with a focus on service delivery and efficiency.

Responsibilities

The Senior Vice President of Customer Success will be accountable for customer satisfaction and retention across the company's book of business. This role involves maintaining a comprehensive understanding of customer business challenges and managing client relationships post-sale through renewal and long-term partnerships. Responsibilities include overseeing client contract renewals and negotiations, working with customer success teams to meet and surpass client expectations, and acting as the voice of the clients within SmithRx. The SVP will assess and prioritize issues that may lead to client attrition risk, ensuring mitigation plans are in place, and anticipating industry trends to develop innovative client management strategies. Additionally, the role encompasses overall leadership of the Account Management team, including hiring, training, mentoring, providing feedback, and conducting performance evaluations, as well as managing the departmental budget and headcount to drive efficiency.

Skills

Customer Success
Relationship Management
Client Retention
Risk Management
Product Collaboration
Operational Collaboration
Health-Tech
Pharmacy Benefit Management (PBM)
Leadership

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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