SmithRx

Company research

Public company, workplace, funding, and market signals

Updated Jul 29, 2026

Overview

SmithRx is a modern, transparent PBM for self-insured employers that emphasizes 100% pass-through pricing, lower drug costs, and a better member experience.

Primary product

Transparent, 100% pass-through pharmacy benefits management (PBM) platform / drug pathways engine

Founded

2016

Headquarters

San Francisco, California, United States

Team size

400-500

Work style

Flexible

Industry

Hospitals and Health Care

Sub-industry

Pharmacy Benefit Management (PBM)

Offices

300 Brannan St, San Francisco, CA 94107 (HQ)

300 Brannan Street, Suite 601, San Francisco, CA 94107

1331 W Powell Way, Suite 4, Lehi, UT 84043

6080 Tennyson Pkwy, Plano, TX 75024

Business model

B2B

pass-through PBM

employer pharmacy benefits management

health-tech services

Funding

Stage

Series C

Total raised

$104.7M

Latest round

Series C · Jan 2024

Latest amount

$60M

Series C

Jan 2024 · Venrock

$60M

Series B

Mar 2022 · Venrock

$20M

Apr 2020

Jul 2018

May 2018

Jan 2018 · Founders Fund

$9M

Seed Round

Mar 2017

$3M

People & investors

Leadership

Jake Frenz

Founder & CEO

Alan Pannier

Chief Strategy Officer

Sam

Chief Commercial Officer

Joy

Chief Customer Success Officer

Jeff

Chief Sales Officer

Vidya

SVP, Marketing

William Sloan

Chief Legal Officer

Jim

SVP, Supply Chain

Christine Centa

Chief Human Resources Officer

Jane

SVP, Customer Success

Tom

Chief Financial Officer

Gaston Concilio

SVP, Engineering

Investors

NextGen Venture Partners

Venrock

Work & culture

Publicly positions itself as values-driven and mission-first, with core values of Courage, Integrity, and Together. Public recognition highlights leadership strength, career growth, and a transparent, team-oriented culture.

Work style

Flexible

Compensation

No public salary bands or compensation ranges were found. Public signals emphasize strong career growth, benefits, and leadership/culture recognition, but compensation is not disclosed on the company site.

Benefits

Medical, dental, and vision coverage

Gym memberships

Pet pharmacy benefits

Career development support

12 company holidays including Anvil Day

Remote and hybrid options for Engineering, Marketing, and G&A

Product & market

Pricing

Transparent 100% pass-through PBM pricing for employer plans, with real-time prescription pricing and savings-oriented plan design.

Differentiators

—100% pass-through model
—No hidden fees
—Real-time prescription pricing
—In-house adjudication / drug pathways engine
—Lowest-cost drug identification and onboarding
—Detailed savings reporting
—Member-centric support
—Specialty savings programs such as Autoimmune Savings and Low-Cost Insulin
—Partnership ecosystem with Mark Cuban Cost Plus Drug Company, Amazon Pharmacy, and Transcarent

Technology

Greenhouse

Workday

Kubernetes

MySQL

MongoDB

Datadog

CircleCI

Talkdesk

Redis

Docker

Git

GitHub Actions

Salesforce

Salesforce CRM

Salesforce Marketing Cloud

Marketo

Google Workspace

Python

Java

Kotlin

Customers

Self-insured employers

Small and midsize self-insured businesses

Brokers

Third-party administrators

Employer-sponsored health plans

Agricultural entities and health plan trusts

Members and employees

Competitors

Rightway Healthcare

Navitus Health Solutions

MedImpact

Express Scripts

Prime Therapeutics

OptumRx

Capital Rx / Judi Health

AssistRx

RxStrategies

Scripta Insights

Scale & contact

Estimated revenue

$1M-$10M

Estimated monthly visits

33.4K

sales@smithrx.com 844-454-0123

Signals & risks

Acquisition

Jan 2024

SmithRx acquired WithMe Health (reported by PitchBook) to expand its offerings.

Source

Acquisition

Jan 2017

SmithRx acquired WhiteWell Rx / White Well PBM early in its history (reported by PitchBook).

Source

Latest news

SmithRx Brings Prescription Drug Cost Intelligence Into Benefits Navigation Through Transcarent Partnership

PR Newswire · Jun 2026

SmithRx integrated with Transcarent's WayFinding platform to bring prescription drug cost intelligence and real-time pharmacy execution into benefits navigation; the release cites average $37 PMPM savings across its client base.

SmithRx Launches Best-in-Class Partner Ecosystem to Help Employers Deliver Sustainable and Clinically Appropriate GLP-1 Programs at Scale

PR Newswire · Jun 2026

SmithRx launched a GLP-1 partner ecosystem with 9amHealth, Calibrate, Cost Plus Drugs, FlyteHealth, Form Health, and others to support sustainable employer coverage and savings.

SmithRx Earns URAC Accreditation in Pharmacy Benefit Management, Signifying the Modern PBM Meets Industry Gold-Standard

PR Newswire · Mar 2026

SmithRx announced URAC Pharmacy Benefit Management Accreditation, strengthening its public claims around operational quality, governance, and transparency.

SmithRx Awarded Modern Healthcare's Best in Business for Second Consecutive Year

Business Wire · Jan 2026

SmithRx was recognized as a Modern Healthcare Best in Business winner for the second consecutive year; the release cites more than 5,000 employer clients and over $300M in client savings.

UnitedAg Partners with SmithRx to Modernize Pharmacy Benefits at Scale

Business Wire · Oct 2025

SmithRx announced a partnership with UnitedAg to provide transparent pharmacy benefits to 1,200+ agricultural entities representing 55,000+ members.

Jobs and careers at SmithRx

32 jobs at SmithRx

Account Executive - Pharmacy Benefits

Remote

Account Management

Remote

1d ago

Remote

Full-time