Insights & Education

Insights & Education

Insights & Education

Insights & Education

Modern PBM

Dec 17, 2025, 10:45 AM

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Modern PBM

The Biosimilar Bottom Line: How Legacy PBMs Hide Millions

Discover the data behind how legacy PBMs make millions off of supposedly “low-cost” biosimilars—and how businesses and members end up footing the bill.

Dec 17, 2025, 10:45 AM

Read More

Dec 11, 2025, 3:21 PM

Aspect ratio controlled image

Modern PBM

PBMs, You Actually Can Control Drug Mix. We Are Proof.

Learn how legacy PBMs intentionally influence drug mix for their own gain and why active drug mix management, not just chasing discounts, is key to massive employer savings.

Dec 11, 2025, 3:21 PM

Read More

Oct 8, 2025, 11:39 AM

Aspect ratio controlled image

Modern PBM

5 Key Takeaways on the Future of PBMs from Our BAM Summit

Explore our key takeaways from the SmithRx BAM Summit and discover why transparency is the key to a better, brighter future for pharmacy benefits.

Oct 8, 2025, 11:39 AM

Read More

Sep 29, 2025, 4:56 PM

Aspect ratio controlled image

Modern PBM

Fully-Insured vs. Self-Insured: How a Carve-Out PBM Delivers Savings and Control

Walk through a comparsion of different plan options to understand why a self-insured, carve-out model is the best approach.

Sep 29, 2025, 4:56 PM

Read More

Sep 11, 2025, 9:27 AM

Aspect ratio controlled image

Modern PBM

Legacy PBMs Are on Borrowed Time: An Insider's Look

Discover how legacy Pharmacy Benefits Managers are failing the pharmacy industry and why modern PBMs are the future of pharmacy benefits.

Sep 11, 2025, 9:27 AM

Read More

Aug 19, 2025, 4:49 PM

Aspect ratio controlled image

Modern PBM

The 5 Pillars of a Modern PBM

Discover what the pillars of a modern PBM are and the effect they have on the pharmacy benefits experience.

Aug 19, 2025, 4:49 PM

Read More

May 6, 2025, 12:00 AM

Aspect ratio controlled image

Modern PBM

Legacy PBMs Are Hurting More Than Just Patients—They’re Hurting Pharmacies, Too

Legacy PBMs are pushing community pharmacies out of business. Discover why your local pharmacy is at risk and how transparent PBM solutions can help them survive.

May 6, 2025, 12:00 AM

Read More

Apr 15, 2025, 12:00 AM

Aspect ratio controlled image

Modern PBM

Tear It Down, Build It Right: What a Truly Transparent PBM Looks Like

Hear how SmithRx rebuilt the PBM model for full transparency—no spread pricing, no rebate games, just clear costs and aligned incentives.

Apr 15, 2025, 12:00 AM

Read More

Jan 30, 2025, 12:00 AM

Aspect ratio controlled image

Modern PBM

The FTC’s Latest PBM Report Confirms What We’ve Known All Along

The FTC’s latest report exposes PBM pricing tactics that SmithRx has long warned about. Employers can act now with a transparent PBM model.

Jan 30, 2025, 12:00 AM

Read More

Jan 8, 2025, 12:00 AM

Aspect ratio controlled image

Modern PBM

4 PBM Trends in 2025

Let's take a look at the top 4 PBM trends to watch in 2025, from transparency to value-based contracts, and how they impact healthcare costs.

Jan 8, 2025, 12:00 AM

Read More

Sep 25, 2024, 12:00 AM

Aspect ratio controlled image

Modern PBM

Transforming the PBM Landscape: Highlights from the Inaugural Broker Account Manager Summit

SmithRx's first Broker Account Manager Summit in Dallas united industry professionals for intensive learning and networking.

Sep 25, 2024, 12:00 AM

Read More

Jul 18, 2024, 12:00 AM

Aspect ratio controlled image

Modern PBM

An Open Letter to SmithRx Customers Regarding Recent PBM News

SmithRx CEO Jake Frenz addresses recent news coverage scrutinizing traditional PBM practices. He highlights how SmithRx's transparent, client-focused approach differs from legacy PBMs.

Jul 18, 2024, 12:00 AM

Read More

Jul 9, 2024, 12:00 AM

Aspect ratio controlled image

Modern PBM

Mail-Order Markups by Big PBMs Drive Up Drug Costs for Employers

A recent Wall Street Journal article reveals unexpected cost increases from mail-order pharmacies. Our blog highlights key issues for brokers and plan sponsors, including rising drug costs and choosing a conflict-free PBM.

Jul 9, 2024, 12:00 AM

Read More

Jun 13, 2024, 12:00 AM

Aspect ratio controlled image

Modern PBM

Why PBM Contracts Are to Blame for High Drug Prices

Discover why drug prices keep rising in America. Learn how Pharmacy Benefit Managers (PBMs) and their discount-based contracts contribute to skyrocketing costs, impacting your wallet and healthcare.

Jun 13, 2024, 12:00 AM

Read More

Apr 23, 2024, 12:00 AM

Aspect ratio controlled image

Modern PBM

Tackling Monopolistic Practices in Pharmacy Benefits Management: Insights from FTC Chair Lina Khan

FTC Chair Lina Khan discusses the harmful impact of anti-competitive practices in the PBM industry on CBS This Morning. She highlights the urgent need for greater transparency and the risks of vertical integration.

Apr 23, 2024, 12:00 AM

Read More

Apr 23, 2024, 12:00 AM

Aspect ratio controlled image

Modern PBM

The Cost of Discount-Focused PBMs: A Case Study of Johnson & Johnson's Prescription Drug Pricing

Uncover the significant price difference between Johnson & Johnson's plan with PBM Express Scripts and SmithRx's cost-effective approach. Find out how our solutions can save on prescription costs.

Apr 23, 2024, 12:00 AM

Read More

Apr 19, 2024, 12:00 AM

Aspect ratio controlled image

Modern PBM

Mark Cuban’s Top 3 Lessons for Benefits Brokers

At this year’s Brown & Brown “Benefits Evolved” event in Dallas, SmithRx Founder and CEO, Jake Frenz, took the stage with Mark Cuban to discuss how brokers can reshape the healthcare landscape. 

Apr 19, 2024, 12:00 AM

Read More

Mar 22, 2024, 12:00 AM

Aspect ratio controlled image

Modern PBM

Big 3 PBMs Surpassed by Alternative PBMs, New Survey Reveals

The latest PBM Customer Satisfaction Report from the Pharmaceutical Strategies Group (PSG) presents findings that are clear signals of a significant industry shift. 

Mar 22, 2024, 12:00 AM

Read More

Feb 28, 2024, 12:00 AM

Aspect ratio controlled image

Modern PBM

Choosing the Right PBM: Cost Savings vs Discounts

When it comes to PBM evaluation, explore the importance of choosing a cost-based over discount-based approach to ensure transparency and real savings in prescription medications.

Feb 28, 2024, 12:00 AM

Read More

Jan 19, 2024, 12:00 AM

Aspect ratio controlled image

Modern PBM

Series C Success: A $60 Million Leap Towards Transforming Healthcare

Today we’re excited to share a pivotal milestone in our journey at SmithRx: our $60 Million Series C financing round.

Jan 19, 2024, 12:00 AM

Read More

Dec 20, 2023, 12:00 AM

Aspect ratio controlled image

Modern PBM

How To Explain What’s Wrong with US Healthcare to Your Family Over the Holidays

Every American knows that our healthcare system is broken. We all feel the frustration of dealing with the confusing paperwork, archaic systems, and ever-increasing costs. Why is this happening?

Dec 20, 2023, 12:00 AM

Read More

Dec 19, 2023, 12:00 AM

Aspect ratio controlled image

Modern PBM

SmithRx in 2023: A Year of Pioneering Truly Transparent Pharmacy Benefits

2023 was a year about demonstrating true transparency in pharmacy benefits management. It was about nurturing an experience that consistently puts our clients and members first.

Dec 19, 2023, 12:00 AM

Read More

Dec 7, 2023, 12:00 AM

Aspect ratio controlled image

Modern PBM

Smoke and Mirrors: Analyzing CVS’s Drug Pricing Revamp

In the wake of CVS Health's recent announcement to revamp its drug pricing model, those of us in the pharmacy benefits management world are compelled to examine these changes with a critical eye.

Dec 7, 2023, 12:00 AM

Read More

Dec 4, 2023, 12:00 AM

Aspect ratio controlled image

Modern PBM

The Flaws in Cigna’s New Cost-Plus Model

As the SVP of Product Strategy at SmithRx, I've been closely following Cigna’s announcement about their new “cost plus” pharmacy network.

Dec 4, 2023, 12:00 AM

Read More

Nov 27, 2023, 12:00 AM

Aspect ratio controlled image

Modern PBM

Traditional PBMs Capitalize On GLP-1 Drug Frenzy

Once Again, the Financial Burden Falls on Employers and Patients

Nov 27, 2023, 12:00 AM

Read More

Nov 16, 2023, 12:00 AM

Aspect ratio controlled image

Modern PBM

A New Consumer-Centric Approach to Healthcare

As healthcare costs continue to rise, employers and plan sponsors are continually being pressed to find solutions.

Nov 16, 2023, 12:00 AM

Read More

Nov 16, 2023, 12:00 AM

Aspect ratio controlled image

Modern PBM

How Legacy PBMs Play Games with Humira Biosimilars

On January 31, 2023, Amgen released Amjevita, the first biosimilar for AbbVie’s Humira.

Nov 16, 2023, 12:00 AM

Read More

Nov 16, 2023, 12:00 AM

Aspect ratio controlled image

Modern PBM

How Pass-Through Pricing Causes Traditional PBM Clients to Lose

Big PBMs like OptumRx, Caremark, Prime, and Express Scripts have heard the market demand

Nov 16, 2023, 12:00 AM

Read More

Nov 16, 2023, 12:00 AM

Aspect ratio controlled image

Modern PBM

Navigating PBM Deals with Blue Shield as a Self-Insured Business

The Big 3 PBMs manage thousands of “MAC lists” which enable them to charge different prices for the same drug

Nov 16, 2023, 12:00 AM

Read More

Nov 16, 2023, 12:00 AM

Aspect ratio controlled image

Modern PBM

Press release: New coalition of Transparent PBM companies seeks to fix nation’s broken drug pricing system

Transparency-Rx embraces Congressional reform, as a catalyst of changes to the PBM market

Nov 16, 2023, 12:00 AM

Read More

Nov 16, 2023, 12:00 AM

Aspect ratio controlled image

Modern PBM

SmithRx Announces $20 Million Series B Led by Venrock

SmithRx, a next-generation pharmacy benefits management company, today announced the closing of a $20 million series B financing round

Nov 16, 2023, 12:00 AM

Read More

Nov 16, 2023, 12:00 AM

Aspect ratio controlled image

Modern PBM

SmithRx Clients Drug Costs Remain Significantly Below Industry Benchmarks

While drug costs are increasing rapidly, SmithRx’s clients see pharmacy costs fall or remain flat

Nov 16, 2023, 12:00 AM

Read More

Nov 16, 2023, 12:00 AM

Aspect ratio controlled image

Modern PBM

SmithRx Transparency: The Consolidated Appropriations Act (CAA) 2021

At SmithRx, we’re all about transparency and passing through savings for prescription drug coverage.

Nov 16, 2023, 12:00 AM

Read More

Nov 16, 2023, 12:00 AM

Aspect ratio controlled image

Modern PBM

TransparencyRx & the Mission to Fix Broken Drug Pricing

The demand for transparency and affordability in prescription drug pricing has never been more critical.

Nov 16, 2023, 12:00 AM

Read More

Dec 17, 2025, 10:45 AM

Aspect ratio controlled image

Modern PBM

The Biosimilar Bottom Line: How Legacy PBMs Hide Millions

Discover the data behind how legacy PBMs make millions off of supposedly “low-cost” biosimilars—and how businesses and members end up footing the bill.

Dec 17, 2025, 10:45 AM

Read More

Dec 11, 2025, 3:21 PM

Aspect ratio controlled image

Modern PBM

PBMs, You Actually Can Control Drug Mix. We Are Proof.

Learn how legacy PBMs intentionally influence drug mix for their own gain and why active drug mix management, not just chasing discounts, is key to massive employer savings.

Dec 11, 2025, 3:21 PM

Read More

Oct 8, 2025, 11:39 AM

Aspect ratio controlled image

Modern PBM

5 Key Takeaways on the Future of PBMs from Our BAM Summit

Explore our key takeaways from the SmithRx BAM Summit and discover why transparency is the key to a better, brighter future for pharmacy benefits.

Oct 8, 2025, 11:39 AM

Read More

Sep 29, 2025, 4:56 PM

Aspect ratio controlled image

Modern PBM

Fully-Insured vs. Self-Insured: How a Carve-Out PBM Delivers Savings and Control

Walk through a comparsion of different plan options to understand why a self-insured, carve-out model is the best approach.

Sep 29, 2025, 4:56 PM

Read More

Sep 11, 2025, 9:27 AM

Aspect ratio controlled image

Modern PBM

Legacy PBMs Are on Borrowed Time: An Insider's Look

Discover how legacy Pharmacy Benefits Managers are failing the pharmacy industry and why modern PBMs are the future of pharmacy benefits.

Sep 11, 2025, 9:27 AM

Read More

Aug 19, 2025, 4:49 PM

Aspect ratio controlled image

Modern PBM

The 5 Pillars of a Modern PBM

Discover what the pillars of a modern PBM are and the effect they have on the pharmacy benefits experience.

Aug 19, 2025, 4:49 PM

Read More

May 6, 2025, 12:00 AM

Aspect ratio controlled image

Modern PBM

Legacy PBMs Are Hurting More Than Just Patients—They’re Hurting Pharmacies, Too

Legacy PBMs are pushing community pharmacies out of business. Discover why your local pharmacy is at risk and how transparent PBM solutions can help them survive.

May 6, 2025, 12:00 AM

Read More

Apr 15, 2025, 12:00 AM

Aspect ratio controlled image

Modern PBM

Tear It Down, Build It Right: What a Truly Transparent PBM Looks Like

Hear how SmithRx rebuilt the PBM model for full transparency—no spread pricing, no rebate games, just clear costs and aligned incentives.

Apr 15, 2025, 12:00 AM

Read More

Jan 30, 2025, 12:00 AM

Aspect ratio controlled image

Modern PBM

The FTC’s Latest PBM Report Confirms What We’ve Known All Along

The FTC’s latest report exposes PBM pricing tactics that SmithRx has long warned about. Employers can act now with a transparent PBM model.

Jan 30, 2025, 12:00 AM

Read More

Jan 8, 2025, 12:00 AM

Aspect ratio controlled image

Modern PBM

4 PBM Trends in 2025

Let's take a look at the top 4 PBM trends to watch in 2025, from transparency to value-based contracts, and how they impact healthcare costs.

Jan 8, 2025, 12:00 AM

Read More

Sep 25, 2024, 12:00 AM

Aspect ratio controlled image

Modern PBM

Transforming the PBM Landscape: Highlights from the Inaugural Broker Account Manager Summit

SmithRx's first Broker Account Manager Summit in Dallas united industry professionals for intensive learning and networking.

Sep 25, 2024, 12:00 AM

Read More

Jul 18, 2024, 12:00 AM

Aspect ratio controlled image

Modern PBM

An Open Letter to SmithRx Customers Regarding Recent PBM News

SmithRx CEO Jake Frenz addresses recent news coverage scrutinizing traditional PBM practices. He highlights how SmithRx's transparent, client-focused approach differs from legacy PBMs.

Jul 18, 2024, 12:00 AM

Read More

Jul 9, 2024, 12:00 AM

Aspect ratio controlled image

Modern PBM

Mail-Order Markups by Big PBMs Drive Up Drug Costs for Employers

A recent Wall Street Journal article reveals unexpected cost increases from mail-order pharmacies. Our blog highlights key issues for brokers and plan sponsors, including rising drug costs and choosing a conflict-free PBM.

Jul 9, 2024, 12:00 AM

Read More

Jun 13, 2024, 12:00 AM

Aspect ratio controlled image

Modern PBM

Why PBM Contracts Are to Blame for High Drug Prices

Discover why drug prices keep rising in America. Learn how Pharmacy Benefit Managers (PBMs) and their discount-based contracts contribute to skyrocketing costs, impacting your wallet and healthcare.

Jun 13, 2024, 12:00 AM

Read More

Apr 23, 2024, 12:00 AM

Aspect ratio controlled image

Modern PBM

Tackling Monopolistic Practices in Pharmacy Benefits Management: Insights from FTC Chair Lina Khan

FTC Chair Lina Khan discusses the harmful impact of anti-competitive practices in the PBM industry on CBS This Morning. She highlights the urgent need for greater transparency and the risks of vertical integration.

Apr 23, 2024, 12:00 AM

Read More

Apr 23, 2024, 12:00 AM

Aspect ratio controlled image

Modern PBM

The Cost of Discount-Focused PBMs: A Case Study of Johnson & Johnson's Prescription Drug Pricing

Uncover the significant price difference between Johnson & Johnson's plan with PBM Express Scripts and SmithRx's cost-effective approach. Find out how our solutions can save on prescription costs.

Apr 23, 2024, 12:00 AM

Read More

Apr 19, 2024, 12:00 AM

Aspect ratio controlled image

Modern PBM

Mark Cuban’s Top 3 Lessons for Benefits Brokers

At this year’s Brown & Brown “Benefits Evolved” event in Dallas, SmithRx Founder and CEO, Jake Frenz, took the stage with Mark Cuban to discuss how brokers can reshape the healthcare landscape. 

Apr 19, 2024, 12:00 AM

Read More

Mar 22, 2024, 12:00 AM

Aspect ratio controlled image

Modern PBM

Big 3 PBMs Surpassed by Alternative PBMs, New Survey Reveals

The latest PBM Customer Satisfaction Report from the Pharmaceutical Strategies Group (PSG) presents findings that are clear signals of a significant industry shift. 

Mar 22, 2024, 12:00 AM

Read More

Feb 28, 2024, 12:00 AM

Aspect ratio controlled image

Modern PBM

Choosing the Right PBM: Cost Savings vs Discounts

When it comes to PBM evaluation, explore the importance of choosing a cost-based over discount-based approach to ensure transparency and real savings in prescription medications.

Feb 28, 2024, 12:00 AM

Read More

Jan 19, 2024, 12:00 AM

Aspect ratio controlled image

Modern PBM

Series C Success: A $60 Million Leap Towards Transforming Healthcare

Today we’re excited to share a pivotal milestone in our journey at SmithRx: our $60 Million Series C financing round.

Jan 19, 2024, 12:00 AM

Read More

Dec 20, 2023, 12:00 AM

Aspect ratio controlled image

Modern PBM

How To Explain What’s Wrong with US Healthcare to Your Family Over the Holidays

Every American knows that our healthcare system is broken. We all feel the frustration of dealing with the confusing paperwork, archaic systems, and ever-increasing costs. Why is this happening?

Dec 20, 2023, 12:00 AM

Read More

Dec 19, 2023, 12:00 AM

Aspect ratio controlled image

Modern PBM

SmithRx in 2023: A Year of Pioneering Truly Transparent Pharmacy Benefits

2023 was a year about demonstrating true transparency in pharmacy benefits management. It was about nurturing an experience that consistently puts our clients and members first.

Dec 19, 2023, 12:00 AM

Read More

Dec 7, 2023, 12:00 AM

Aspect ratio controlled image

Modern PBM

Smoke and Mirrors: Analyzing CVS’s Drug Pricing Revamp

In the wake of CVS Health's recent announcement to revamp its drug pricing model, those of us in the pharmacy benefits management world are compelled to examine these changes with a critical eye.

Dec 7, 2023, 12:00 AM

Read More

Dec 4, 2023, 12:00 AM

Aspect ratio controlled image

Modern PBM

The Flaws in Cigna’s New Cost-Plus Model

As the SVP of Product Strategy at SmithRx, I've been closely following Cigna’s announcement about their new “cost plus” pharmacy network.

Dec 4, 2023, 12:00 AM

Read More

Nov 27, 2023, 12:00 AM

Aspect ratio controlled image

Modern PBM

Traditional PBMs Capitalize On GLP-1 Drug Frenzy

Once Again, the Financial Burden Falls on Employers and Patients

Nov 27, 2023, 12:00 AM

Read More

Nov 16, 2023, 12:00 AM

Aspect ratio controlled image

Modern PBM

A New Consumer-Centric Approach to Healthcare

As healthcare costs continue to rise, employers and plan sponsors are continually being pressed to find solutions.

Nov 16, 2023, 12:00 AM

Read More

Nov 16, 2023, 12:00 AM

Aspect ratio controlled image

Modern PBM

How Legacy PBMs Play Games with Humira Biosimilars

On January 31, 2023, Amgen released Amjevita, the first biosimilar for AbbVie’s Humira.

Nov 16, 2023, 12:00 AM

Read More

Nov 16, 2023, 12:00 AM

Aspect ratio controlled image

Modern PBM

How Pass-Through Pricing Causes Traditional PBM Clients to Lose

Big PBMs like OptumRx, Caremark, Prime, and Express Scripts have heard the market demand

Nov 16, 2023, 12:00 AM

Read More

Nov 16, 2023, 12:00 AM

Aspect ratio controlled image

Modern PBM

Navigating PBM Deals with Blue Shield as a Self-Insured Business

The Big 3 PBMs manage thousands of “MAC lists” which enable them to charge different prices for the same drug

Nov 16, 2023, 12:00 AM

Read More

Nov 16, 2023, 12:00 AM

Aspect ratio controlled image

Modern PBM

Press release: New coalition of Transparent PBM companies seeks to fix nation’s broken drug pricing system

Transparency-Rx embraces Congressional reform, as a catalyst of changes to the PBM market

Nov 16, 2023, 12:00 AM

Read More

Nov 16, 2023, 12:00 AM

Aspect ratio controlled image

Modern PBM

SmithRx Announces $20 Million Series B Led by Venrock

SmithRx, a next-generation pharmacy benefits management company, today announced the closing of a $20 million series B financing round

Nov 16, 2023, 12:00 AM

Read More

Nov 16, 2023, 12:00 AM

Aspect ratio controlled image

Modern PBM

SmithRx Clients Drug Costs Remain Significantly Below Industry Benchmarks

While drug costs are increasing rapidly, SmithRx’s clients see pharmacy costs fall or remain flat

Nov 16, 2023, 12:00 AM

Read More

Nov 16, 2023, 12:00 AM

Aspect ratio controlled image

Modern PBM

SmithRx Transparency: The Consolidated Appropriations Act (CAA) 2021

At SmithRx, we’re all about transparency and passing through savings for prescription drug coverage.

Nov 16, 2023, 12:00 AM

Read More

Nov 16, 2023, 12:00 AM

Aspect ratio controlled image

Modern PBM

TransparencyRx & the Mission to Fix Broken Drug Pricing

The demand for transparency and affordability in prescription drug pricing has never been more critical.

Nov 16, 2023, 12:00 AM

Read More

Dec 17, 2025, 10:45 AM

Aspect ratio controlled image

Modern PBM

The Biosimilar Bottom Line: How Legacy PBMs Hide Millions

Discover the data behind how legacy PBMs make millions off of supposedly “low-cost” biosimilars—and how businesses and members end up footing the bill.

Dec 17, 2025, 10:45 AM

Read More

Dec 11, 2025, 3:21 PM

Aspect ratio controlled image

Modern PBM

PBMs, You Actually Can Control Drug Mix. We Are Proof.

Learn how legacy PBMs intentionally influence drug mix for their own gain and why active drug mix management, not just chasing discounts, is key to massive employer savings.

Dec 11, 2025, 3:21 PM

Read More

Oct 8, 2025, 11:39 AM

Aspect ratio controlled image

Modern PBM

5 Key Takeaways on the Future of PBMs from Our BAM Summit

Explore our key takeaways from the SmithRx BAM Summit and discover why transparency is the key to a better, brighter future for pharmacy benefits.

Oct 8, 2025, 11:39 AM

Read More

Sep 29, 2025, 4:56 PM

Aspect ratio controlled image

Modern PBM

Fully-Insured vs. Self-Insured: How a Carve-Out PBM Delivers Savings and Control

Walk through a comparsion of different plan options to understand why a self-insured, carve-out model is the best approach.

Sep 29, 2025, 4:56 PM

Read More

Sep 11, 2025, 9:27 AM

Aspect ratio controlled image

Modern PBM

Legacy PBMs Are on Borrowed Time: An Insider's Look

Discover how legacy Pharmacy Benefits Managers are failing the pharmacy industry and why modern PBMs are the future of pharmacy benefits.

Sep 11, 2025, 9:27 AM

Read More

Aug 19, 2025, 4:49 PM

Aspect ratio controlled image

Modern PBM

The 5 Pillars of a Modern PBM

Discover what the pillars of a modern PBM are and the effect they have on the pharmacy benefits experience.

Aug 19, 2025, 4:49 PM

Read More

May 6, 2025, 12:00 AM

Aspect ratio controlled image

Modern PBM

Legacy PBMs Are Hurting More Than Just Patients—They’re Hurting Pharmacies, Too

Legacy PBMs are pushing community pharmacies out of business. Discover why your local pharmacy is at risk and how transparent PBM solutions can help them survive.

May 6, 2025, 12:00 AM

Read More

Apr 15, 2025, 12:00 AM

Aspect ratio controlled image

Modern PBM

Tear It Down, Build It Right: What a Truly Transparent PBM Looks Like

Hear how SmithRx rebuilt the PBM model for full transparency—no spread pricing, no rebate games, just clear costs and aligned incentives.

Apr 15, 2025, 12:00 AM

Read More

Jan 30, 2025, 12:00 AM

Aspect ratio controlled image

Modern PBM

The FTC’s Latest PBM Report Confirms What We’ve Known All Along

The FTC’s latest report exposes PBM pricing tactics that SmithRx has long warned about. Employers can act now with a transparent PBM model.

Jan 30, 2025, 12:00 AM

Read More

Jan 8, 2025, 12:00 AM

Aspect ratio controlled image

Modern PBM

4 PBM Trends in 2025

Let's take a look at the top 4 PBM trends to watch in 2025, from transparency to value-based contracts, and how they impact healthcare costs.

Jan 8, 2025, 12:00 AM

Read More

Sep 25, 2024, 12:00 AM

Aspect ratio controlled image

Modern PBM

Transforming the PBM Landscape: Highlights from the Inaugural Broker Account Manager Summit

SmithRx's first Broker Account Manager Summit in Dallas united industry professionals for intensive learning and networking.

Sep 25, 2024, 12:00 AM

Read More

Jul 18, 2024, 12:00 AM

Aspect ratio controlled image

Modern PBM

An Open Letter to SmithRx Customers Regarding Recent PBM News

SmithRx CEO Jake Frenz addresses recent news coverage scrutinizing traditional PBM practices. He highlights how SmithRx's transparent, client-focused approach differs from legacy PBMs.

Jul 18, 2024, 12:00 AM

Read More

Jul 9, 2024, 12:00 AM

Aspect ratio controlled image

Modern PBM

Mail-Order Markups by Big PBMs Drive Up Drug Costs for Employers

A recent Wall Street Journal article reveals unexpected cost increases from mail-order pharmacies. Our blog highlights key issues for brokers and plan sponsors, including rising drug costs and choosing a conflict-free PBM.

Jul 9, 2024, 12:00 AM

Read More

Jun 13, 2024, 12:00 AM

Aspect ratio controlled image

Modern PBM

Why PBM Contracts Are to Blame for High Drug Prices

Discover why drug prices keep rising in America. Learn how Pharmacy Benefit Managers (PBMs) and their discount-based contracts contribute to skyrocketing costs, impacting your wallet and healthcare.

Jun 13, 2024, 12:00 AM

Read More

Apr 23, 2024, 12:00 AM

Aspect ratio controlled image

Modern PBM

Tackling Monopolistic Practices in Pharmacy Benefits Management: Insights from FTC Chair Lina Khan

FTC Chair Lina Khan discusses the harmful impact of anti-competitive practices in the PBM industry on CBS This Morning. She highlights the urgent need for greater transparency and the risks of vertical integration.

Apr 23, 2024, 12:00 AM

Read More

Apr 23, 2024, 12:00 AM

Aspect ratio controlled image

Modern PBM

The Cost of Discount-Focused PBMs: A Case Study of Johnson & Johnson's Prescription Drug Pricing

Uncover the significant price difference between Johnson & Johnson's plan with PBM Express Scripts and SmithRx's cost-effective approach. Find out how our solutions can save on prescription costs.

Apr 23, 2024, 12:00 AM

Read More

Apr 19, 2024, 12:00 AM

Aspect ratio controlled image

Modern PBM

Mark Cuban’s Top 3 Lessons for Benefits Brokers

At this year’s Brown & Brown “Benefits Evolved” event in Dallas, SmithRx Founder and CEO, Jake Frenz, took the stage with Mark Cuban to discuss how brokers can reshape the healthcare landscape. 

Apr 19, 2024, 12:00 AM

Read More

Mar 22, 2024, 12:00 AM

Aspect ratio controlled image

Modern PBM

Big 3 PBMs Surpassed by Alternative PBMs, New Survey Reveals

The latest PBM Customer Satisfaction Report from the Pharmaceutical Strategies Group (PSG) presents findings that are clear signals of a significant industry shift. 

Mar 22, 2024, 12:00 AM

Read More

Feb 28, 2024, 12:00 AM

Aspect ratio controlled image

Modern PBM

Choosing the Right PBM: Cost Savings vs Discounts

When it comes to PBM evaluation, explore the importance of choosing a cost-based over discount-based approach to ensure transparency and real savings in prescription medications.

Feb 28, 2024, 12:00 AM

Read More

Jan 19, 2024, 12:00 AM

Aspect ratio controlled image

Modern PBM

Series C Success: A $60 Million Leap Towards Transforming Healthcare

Today we’re excited to share a pivotal milestone in our journey at SmithRx: our $60 Million Series C financing round.

Jan 19, 2024, 12:00 AM

Read More

Dec 20, 2023, 12:00 AM

Aspect ratio controlled image

Modern PBM

How To Explain What’s Wrong with US Healthcare to Your Family Over the Holidays

Every American knows that our healthcare system is broken. We all feel the frustration of dealing with the confusing paperwork, archaic systems, and ever-increasing costs. Why is this happening?

Dec 20, 2023, 12:00 AM

Read More

Dec 19, 2023, 12:00 AM

Aspect ratio controlled image

Modern PBM

SmithRx in 2023: A Year of Pioneering Truly Transparent Pharmacy Benefits

2023 was a year about demonstrating true transparency in pharmacy benefits management. It was about nurturing an experience that consistently puts our clients and members first.

Dec 19, 2023, 12:00 AM

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Dec 7, 2023, 12:00 AM

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Modern PBM

Smoke and Mirrors: Analyzing CVS’s Drug Pricing Revamp

In the wake of CVS Health's recent announcement to revamp its drug pricing model, those of us in the pharmacy benefits management world are compelled to examine these changes with a critical eye.

Dec 7, 2023, 12:00 AM

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Dec 4, 2023, 12:00 AM

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Modern PBM

The Flaws in Cigna’s New Cost-Plus Model

As the SVP of Product Strategy at SmithRx, I've been closely following Cigna’s announcement about their new “cost plus” pharmacy network.

Dec 4, 2023, 12:00 AM

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Nov 27, 2023, 12:00 AM

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Modern PBM

Traditional PBMs Capitalize On GLP-1 Drug Frenzy

Once Again, the Financial Burden Falls on Employers and Patients

Nov 27, 2023, 12:00 AM

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Nov 16, 2023, 12:00 AM

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Modern PBM

A New Consumer-Centric Approach to Healthcare

As healthcare costs continue to rise, employers and plan sponsors are continually being pressed to find solutions.

Nov 16, 2023, 12:00 AM

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Nov 16, 2023, 12:00 AM

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Modern PBM

How Legacy PBMs Play Games with Humira Biosimilars

On January 31, 2023, Amgen released Amjevita, the first biosimilar for AbbVie’s Humira.

Nov 16, 2023, 12:00 AM

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Nov 16, 2023, 12:00 AM

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Modern PBM

How Pass-Through Pricing Causes Traditional PBM Clients to Lose

Big PBMs like OptumRx, Caremark, Prime, and Express Scripts have heard the market demand

Nov 16, 2023, 12:00 AM

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Nov 16, 2023, 12:00 AM

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Modern PBM

Navigating PBM Deals with Blue Shield as a Self-Insured Business

The Big 3 PBMs manage thousands of “MAC lists” which enable them to charge different prices for the same drug

Nov 16, 2023, 12:00 AM

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Nov 16, 2023, 12:00 AM

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Modern PBM

Press release: New coalition of Transparent PBM companies seeks to fix nation’s broken drug pricing system

Transparency-Rx embraces Congressional reform, as a catalyst of changes to the PBM market

Nov 16, 2023, 12:00 AM

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Nov 16, 2023, 12:00 AM

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Modern PBM

SmithRx Announces $20 Million Series B Led by Venrock

SmithRx, a next-generation pharmacy benefits management company, today announced the closing of a $20 million series B financing round

Nov 16, 2023, 12:00 AM

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Nov 16, 2023, 12:00 AM

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Modern PBM

SmithRx Clients Drug Costs Remain Significantly Below Industry Benchmarks

While drug costs are increasing rapidly, SmithRx’s clients see pharmacy costs fall or remain flat

Nov 16, 2023, 12:00 AM

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Nov 16, 2023, 12:00 AM

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Modern PBM

SmithRx Transparency: The Consolidated Appropriations Act (CAA) 2021

At SmithRx, we’re all about transparency and passing through savings for prescription drug coverage.

Nov 16, 2023, 12:00 AM

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Nov 16, 2023, 12:00 AM

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Modern PBM

TransparencyRx & the Mission to Fix Broken Drug Pricing

The demand for transparency and affordability in prescription drug pricing has never been more critical.

Nov 16, 2023, 12:00 AM

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SmithRx is on a mission to reduce the complexity and costs of pharmacy benefits with radical transparency and cutting-edge technology.

© 2025 Smith Health, Inc
SmithRx Logo

SmithRx is on a mission to reduce the complexity and costs of pharmacy benefits with radical transparency and cutting-edge technology.

© 2025 Smith Health, Inc
SmithRx Logo

SmithRx is on a mission to reduce the complexity and costs of pharmacy benefits with radical transparency and cutting-edge technology.

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