Our mission is to reduce the complexity and costs of pharmacy benefits as much as possible based on a cleaner business approach driven by the world’s most advanced and flexible technology platform.
Employers are spending more and more every year on prescription medications for their members. As pharmaceutical prices continue to rise, initial instincts are to blame drug manufacturers for the rising cost of drugs. But surprisingly, when you take a deeper look you find a different story: PBMs are often to blame.
SmithRx has built an evolved client-aligned version of a PBM to combat these rising costs: The Drug Acquisition Platform (DAP), which maximizes drug savings for employers across America.
100% Pass Through Pricing
A business model aligned with our clients’ needs
The plan sponsor always pays what the pharmacy is paid, and receives all manufacturer dollars (rebates) received on their behalf. Smith does not take economics from the supply chain. We aspire to build trust, not pricing spreads.
No hidden costs
A flat per claim administration fee allows you to always know what you are paying for our services. Smith’s only source of revenue is a per claim fee that is transparently disclosed and easily audited.
Working together to reduce drug costs
Our flat fee structure and pass-through pricing removes misaligned incentives that come from collecting money through the supply chain. SmithRx is your ideal pharmacy benefit partner: agnostic to the source of supply, so we can always find you the lowest-cost path.
Transitioning members with ease
Our modern software enables rapid integrations with new groups and partners, and streamlines the interactions with members.
Modern, full-stack, modular platform
While most PBMs attempt to operate cobbled-together software systems built in the ‘80s, SmithRx has built a modern new technology infrastructure from the bottom up.
Maximum data visibility and auditability
Always know the true cost of your pharmacy benefits by following the flow of dollars through the supply chain.
Insightful reporting and analysis
Actionable data that can lead to informed decisions on managing your pharmacy spend.
Algorithmic approach to finding the lowest-cost drugs
We run every claim through algorithms that look for lower cost options through a variety of methods. We balance pharmacy distribution, clinical management, rebates, and special programs to always find the lowest cost option.
High-impact specialty programs, seamlessly integrated
We deploy innovative programs to target and reduce specialty drug spend. All programs are run in-house by Smith to minimize member disruption and minimize cost.
Even for our highest-impact specialty programs - our fees are still flat
While some bolt-on specialty solutions take a percentage of savings, we think those savings belong to our clients. We charge for our specialty services based on effort, not savings, which means costs 2-3x less than industry peers.