SmithRx

SmithRx is a pharmacy benefits manager (PBM) based in San Francisco, California, with additional offices in Utah. Founded by Jake Frenz, the company focuses on simplifying pharmacy benefits and reducing costs through transparency and a people-first approach. SmithRx provides a cloud-based PBM platform that features 100% pass-through pricing, ensuring that all discounts and rebates are fully passed on to clients. Their technology integrates seamlessly with brokers, third-party administrators (TPAs), and employers, helping to lower drug costs and improve health outcomes. Key offerings include pharmacy benefits management, the SmithRx Connect digital platform for managing prescription benefits, and custom portals designed to enhance user experience. The company serves employers looking to reduce pharmacy benefit costs while enhancing employee health. With a strong emphasis on values like courage, integrity, and collaboration, SmithRx aims to challenge the status quo in healthcare and build lasting partnerships. The company has raised over $89 million in funding, showcasing investor confidence in its innovative approach.