SmithRx

Vice President, Information Security: Cloudsec, GRC & IT

San Francisco, California, United States

SmithRx Logo
Not SpecifiedCompensation
Mid-level (3 to 4 years), Senior (5 to 8 years)Experience Level
Full TimeJob Type
UnknownVisa
Information Technology, Healthcare TechnologyIndustries

Requirements

Candidates should possess a Bachelor’s degree in Computer Science, Information Security, or a related field, with a minimum of 10 years of experience in information security, including at least 5 years in a leadership role. Strong understanding of cloud security principles, governance, risk, and compliance (GRC) frameworks, and IT security best practices is essential. Experience with regulatory compliance standards such as HIPAA, GDPR, and CCPA is highly desirable.

Responsibilities

As the Vice President of Information Security, you will be responsible for developing and implementing a comprehensive information security program to protect SmithRx’s data, systems, and infrastructure. This includes collaborating with business stakeholders and technology teams, assessing and mitigating risks, ensuring compliance with industry regulations, and continuously improving security posture. You will also lead the effort to integrate security seamlessly into all processes and systems, and advise management on security-related matters.

Skills

Cloud Security
GRC
IT Security
HIPAA
GDPR
CCPA
Risk Assessment
Compliance
Security Posture

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.

Key Metrics

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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