Pricing Strategy Director at SmithRx

Job Description

Who We Are:

SmithRx is a quickly rising, venture-backed Health-Tech firm.  Our mission is to disrupt the costly and inefficient Pharmacy Benefit Management (PBM) sector by constructing a next-generation drug acquisition platform pushed by innovative know-how, progressive price saving instruments, and best-in-class customer support.  With a whole bunch of hundreds of members onboarded since 2016, SmithRx has an answer that’s resonating with purchasers all throughout the nation.

We pleasure ourselves for our mission-driven and collaborative tradition that conjures up our workers to do their finest work. We imagine that the U.S healthcare system is in want of transformation, and we come to work every day devoted to creating that change a actuality. At our core, we’re guided by our firm values:

• Integrity: Our goal guides our actions and provides us confidence within the path forward. With unwavering honesty and dependability, we embrace the stress of difficult the previous and exemplify moral management to create the brand new.
• Courage: We face steady challenges with grit and resilience. We embrace the discomfort of the unknown by balancing autonomy with empathy, and possession with vulnerability. We boldly problem the established order to maintain transferring ahead—at all times.
• Together: The success of SmithRx displays the energy of our partnerships and the dedication of our group. Our shared values bind us collectively and make us one. When one falls, all of us fall; when one rises, all of us rise.

Job Summary:

SmithRx is including a Pricing Strategy Director to the group who will collaborate intently with our Sales group and Proposals group to craft successful PBM gives, with an emphasis on bigger enterprise purchasers. In addition to the Sales and Proposals group, this individual will collaborate intently with our Strategy, Partnerships, Legal, Supply Chain, and Revenue groups and be a vital driver of SmithRx’s development.

The profitable candidate can be commercially-minded and deeply educated round AWP low cost and rebate assure pricing as generally submitted in PBM RFPs run by brokers and pharmacy consultants. Curious, critically-minded, detail-oriented, and desperate to win, you might be able to distilling complicated technical pricing and contract-related points into persuasive gives and speaking these gives internally and externally.  You are a grasp of the present PBM pricing state-of-art, however you might be additionally inventive, progressive, and in a position to craft new supply fashions in a quickly evolving PBM sector.

What you’ll do:

• Conduct repricing and member expertise analyses of prospect information
• Compose gives that giant employers perceive and discover compelling
• Generate pricing and associated solutions to be entered into RFP platforms
• Collaborate with the Sales group to adapt and refine pricing gives to finest go well with the wants of prospects and allow SmithRx to win
• Generate client-ready spreadsheets and shows that impress enterprise-grade purchasers
• Demonstrate a capability to study rapidly and to grasp how SmithRx’s commerce mannequin and method is totally different from legacy PBMs within the trade
• Evaluate and assess dangers related to totally different pricing and RFP response methods
• Collaborate with the Legal group to make sure that our pricing technique is appropriately mirrored in our contracting technique
• Provide help in authorized and contractual negotiations associated to pricing and reconciliation phrases

What you’ll convey to SmithRx:

• Bachelor’s diploma with 10+ years of expertise working with pharmacy advantages RFPs, contracts, AWP low cost pricing and rebate ensures
• Experience working with historic claims information to evaluate and handle threat by conducting reprice and development analyses
• Experience with main conversations with employers, brokers and pharmacy advantages consultants relating to pharmacy advantages
• Highly proficient with Excel
• Experience leveraging Salesforce, Box, Google Suite, and/or comparable know-how instruments to drive operational efficiencies
• You have a confirmed monitor file of delivering distinctive, quantifiable commerce affect
• You have expertise in a extremely strategic, analytical and operational function in fast-paced environments
• You are low ego and have a knack for working effectively with a variety of individuals
• You excel at utilizing information to succeed in choices and are snug demonstrating these abilities to exterior stakeholders

What SmithRx Offers You:

• Highly aggressive wellness advantages together with Medical, Pharmacy, Dental, Vision, and Life Insurance and AD&D Insurance
• Flexible Spending Benefits
• 401(okay) Retirement Savings Program
• Short-term and long-term incapacity
• Discretionary Paid Time Off
• Paid Company Holidays
• Wellness Benefits
• Commuter Benefits
• Paid Parental Leave advantages
• Employee Assistance Program (EAP)
• Well-stocked kitchen in workplace places
• Professional growth and coaching alternatives

Zone A contains the next places:

• San Francisco Bay Area – California
• Metro New York City – Connecticut, New Jersey, New York and Pennsylvania

Zone A Pay Range

$173,400—$204,000 USD

Zone B contains the next places:

• California – outdoors of San Francisco Bay Area
• Metro Denver / Boulder – Colorado
• Metro District of Columbia – District of Columbia, Maryland, Virginia and West Virginia
• Metro Boston / Cambridge – Massachusetts and New Hampshire
• Metro Austin – Texas
• Metro Seattle – Washington

Zone B Pay Range

$159,000—$187,000 USD

Zone C contains all different places not listed above, together with:

• Alabama, Alaska, Arizona, Arkansas, Delaware, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Mexico, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Rhode Island, South Carolina, South Dakota, Tennessee, Utah, Vermont, Wisconsin, Wyoming
• Non metro Colorado, Connecticut, Maryland, Massachusetts, New Hampshire, New Jersey, New York, Pennsylvania, Texas, Virginia, Washington, and West Virginia

Zone C Pay Range

$144,500—$170,000 USD

Compensation & Benefits

• Base Salary: The vary listed above displays our customary pay scale and precise pay will fluctuate primarily based on work location, job stage, job-related information, abilities, and expertise.
• Total Rewards: In addition to base pay, this function could also be eligible for bonuses, commissions, or fairness. SmithRx gives a wide range of advantages that can assist you stay effectively, together with: time without work applications, medical, dental, imaginative and prescient, psychological well being help, paid parental go away, life and incapacity insurance coverage and 401(okay).

Individual gives are tailor-made to your geography, expertise, abilities, and training. Your recruiter can share extra particular particulars through the hiring course of. In the meantime, be happy to discover our complete advantages right here.