Formulary Pharmacist

Who We Are:

SmithRx is a rapidly growing, venture-backed Health-Tech company.  Our mission is to disrupt the expensive and inefficient Pharmacy Benefit Management (PBM) sector by building a next-generation drug acquisition platform driven by cutting edge technology, innovative cost saving tools, and best-in-class customer service.  With hundre ds of thousands of members onboarded since 2016, SmithRx has a solution that is resonating with clients all across the country.

We pride ourselves for our mission-driven and collaborative culture that inspires our employees to do their best work. We believe that the U.S healthcare system is in need of transformation, and we come to work each day dedicated to making that change a reality. At our core, we are guided by our company values:

• Integrity: Our purpose guides our actions and gives us confidence in the path ahead. With unwavering honesty and dependability, we embrace the pressure of challenging the old and exemplify ethical leadership to create the new.
• Courage: We face continuous challenges with grit and resilience. We embrace the discomfort of the unknown by balancing autonomy with empathy, and ownership with vulnerability. We boldly challenge the status quo to keep moving forward—always.
• Together: The success of SmithRx reflects the strength of our partnerships and the commitment of our team. Our shared values bind us together and make us one. When one falls, we all fall; when one rises, we all rise.

What you will do: 

Formulary & Utilization Management

• Strategy Development: Design clinically sound UM tools and client-specific solutions to support cost-effective formulary structures.
• Maintenance & QA: Maintain the accuracy of drug formularies across all platforms through rigorous testing and quality assurance.
• Clinical & Financial Review: Evaluate new drug products and drug classes to recommend positioning based on rebate compliance, market trends, and clinical evidence.

Data Analysis & Insights

• Claims Analysis: Audit claims data to identify cost-savings opportunities and trends that require clinical intervention.
• Strategic Optimization: Translate data into actionable insights to enhance formulary performance and reduce healthcare costs.

Pipeline & P&T Committee Support

• Pipeline Evaluation: Monitor and assess the potential formulary impact of upcoming drug pipelines.
• Committee Coordination: Lead activities for the Pharmacy & Therapeutics (P&T) committee, including preparing drug reviews and executing formulary updates.

Collaboration & Communication

• Internal SME: Act as the primary clinical expert for internal operations, implementation teams, and external partners.
• Content Creation: Develop and update clinical marketing materials and formulary communications for diverse stakeholders.
  
  

What you will bring to SmithRx:

• Doctor of Pharmacy (PharmD) required.
• Minimum of 2 years in managed care or PBM (with a focus on formulary/operations) OR completion of a managed care residency.
• Proven knowledge of pharmacy benefit management (PBM) practices, including UM and clinical program design.
• Expertise in Medispan drug file systems and advanced MS Office skills (specifically Excel and Access).
• Ability to prioritize multiple high-stakes tasks in a fast-paced, evolving corporate environment.
• Exceptional interpersonal, written, and verbal communication skills.
• Strong critical thinking skills with the ability to exercise independent judgment when solving complex problems.

What SmithRx Offers You: 

• Highly competitive wellness benefits including Medical, Pharmacy, Dental, Vision, and Life Insurance and AD&D Insurance
• Flexible Spending Benefits 
• 401(k) Retirement Savings Program 
• Short-term and long-term disability
• Discretionary Paid Time Off 
• Paid Company Holidays
• Wellness Benefits
• Commuter Benefits 
• Paid Parental Leave benefits
• Employee Assistance Program (EAP)
• Well-stocked kitchen in office locations
• Professional development and training opportunities