Blog

SmithRx public comment to the HHS

Supporting the elimination of safe harbor protection for rebates

April 3, 2019

Dear Secretary Azar and Inspector General Levinson,

Thank you for the opportunity to comment on the proposed rule.

SmithRx is a start-up pharmacy benefit management (PBM) company based in San Francisco. Over the past three-plus years, we have succeeded in bringing an alternative model to the PBM space. Our model is defined by coupling technological innovation and efficiencies with a transparent and auditable pricing program that passes through manufacturer rebates to plan sponsors..

SmithRx Interview Series

Jake Frenz, Founder & CEO

October 9, 2018

So what is with the Anvil?

When I was thinking about a name for the company, I was really thinking about finding a fit for the vision and where the company would move in the future. The anvil comes from a smith — a craftsman, someone who is precise about their trade. That embodies the ethos of our company and what we’re trying to do by building a pharmacy benefits product that doesn’t exist in the marketplace, similar to a smith. The anvil is an old school tool that blacksmiths continue to use even today. It’s a symbol and representation of our vision, ethos, and what we do as a company..

SmithRx raises $9 million in series A funding

Press release

January 11, 2018

SmithRx, a San Francisco based technology company and Pharmacy Benefit Manager (PBM), today announced that it has secured $9 million in Series A funding. Founders Fund led the investment round with participation from Blumberg Capital, NextGen Venture Partners, Box Group, and others. The financing will support SmithRx as it scales and delivers a broad technology solution to change the way pharmacy benefits are managed..