SmithRx Drug Acquisition Platform (DAP)
Radically Transparent Pharmacy Benefits.
Overview
SmithRx positions itself as a modern PBM alternative, built on a Drug Acquisition Platform (DAP). This platform leverages technology to bring transparency back to pharmacy benefits. The company operates on a 100% pass-through pricing model with a flat administrative fee, eliminating spread pricing and hidden fees. Their technology runs claims through algorithms to find lower-priced medication options and directs claims to the most cost-effective path. SmithRx aims to provide significant drug cost savings and a better experience for employers and members.
✨ Key Features
- 100% pass-through pricing
- Flat administrative fees
- Algorithmic claims processing for cost optimization
- Client and member portals (Partner Portal 2.0)
- Real-time prior authorization tracking
- Drug Connect suite for pricing opportunities
- Live chat and virtual agent support
🎯 Key Differentiators
- Radically transparent, 100% pass-through model
- Positions its technology as a 'Drug Acquisition Platform' rather than a traditional PBM
- Flat, predictable administrative fees instead of spread pricing
Unique Value: To reduce pharmacy costs and improve health outcomes by replacing the opaque, traditional PBM model with a technology-driven, transparent Drug Acquisition Platform that aligns incentives with customers.
🎯 Use Cases (3)
✅ Best For
- Achieving an average of 30% or more in total drug cost savings for customers compared to legacy PBMs.
🏆 Alternatives
Unlike traditional PBMs that profit from complexity and hidden revenue streams, SmithRx offers a simple, flat-fee, 100% pass-through model that ensures clients receive all savings.
💻 Platforms
🔌 Integrations
🛟 Support Options
- ✓ Email Support
- ✓ Live Chat
- ✓ Phone Support
- ✓ Dedicated Support (All tier)
🔒 Compliance & Security
💰 Pricing
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