We are a PBM, but different
Your next-generation pharmacy benefit partner
What is a PBM anyways?
Pharmacy Benefit Managers (PBMs) sit between plan sponsors or employers, drug manufacturers, and pharmacies to help administer the prescription side of a health plan. Though this answer is often overly complex, we believe that the primary role of PBMs should be to partner with self-insured plan sponsors to provide great pharmacy benefits for their members.
In a traditional pricing model, PBMs can make money on inflating drug prices for profit or spread, keeping rebates, and charging an admin fee. Our only source of revenue is our admin fee. We don't make money on spread and we pass through 100% of the rebates that your members' prescriptions have earned.
It's as simple as that.
At the core of SmithRx is our technology platform. This allows us to leverage a real-time data stream to power all parts of our product - and very quickly.
From member support to customer support, we back our technology offering with world class service. Meet the team to get a better sense of what we mean.
Implementation with SmithRx has been very smooth. Even though we were implementing over the holidays, the entire process only took a few weeks. Plus, no issues when we went live at the beginning of the year.
Everything that came up SmithRx handled with ease - it was very refreshing.- Client, Executive