Modern pharmacy benefits leader has grown headcount by 450% in 3 years
SmithRx, a modern pharmacy benefits manager (PBM) committed to transparency and a universal pass-through model, has been recognized by Modern Healthcare as one of the 2025 Best Places to Work in Healthcare. The award is based largely on employee feedback from a confidential survey administered by a third-party organization, and measures employee sentiment on key issues including growth opportunities, benefits, company culture, and more.
Founded in 2018, SmithRx has intentionally built a mission-driven and collaborative culture that drives employees to do their best work for clients and each other. Each SmithRx team member strongly believes in the company’s mission of transforming U.S. healthcare and its transparent, universal pass-through model, which helps significantly lower pharmacy costs for employer clients. Paired with its innovative savings programs, SmithRx’s approach to pharmacy benefits drives cost reduction for clients by an average of 30% or more.
“The people behind SmithRx have always been our secret sauce, with their contributions supporting our efforts to pioneer a smarter, fairer healthcare system in this country,” said Jake Frenz, Founder and CEO of SmithRx. “It is our highest priority to empower our employees as they grow their careers, collaborate on complex problems, and find satisfaction in the work. We’re so pleased that our team feels supported at SmithRx.”
SmithRx has experienced extensive growth since its inception. The company brought its total customer base to over 4,000 clients in 2024, and achieved more than $200M in savings for clients with minimal member disruption. This momentum has required an expanded team as well; SmithRx has grown its headcount by 450% over the past three years.
Modern Healthcare’s Best Places to Work in Healthcare awards program identifies and recognizes outstanding employers in the healthcare industry nationwide. Modern Healthcare partners with Workforce Research Group on the assessment process, which includes an extensive employee survey. The complete list of this year’s winners, in alphabetical order, is available at modernhealthcare.com/bestplaceslist.
“Being recognized as a 2025 Best Place to Work in Healthcare is a powerful testament to how these organizations value their people,” said Dan Peres, President of Modern Healthcare. “In a time of constant change and challenge, this year’s winners have shown a deep commitment to creating environments where employees feel supported, heard, and inspired to do their best work. That kind of culture doesn’t happen by accident — it’s intentional, and it’s worth celebrating.”
About SmithRx
SmithRx is a modern PBM dedicated to reducing the cost and complexity of pharmacy benefits. The company empowers organizations of all sizes to take control of their pharmacy spend with a radically transparent, universal pass-through model, innovative cost-saving programs, and intuitive technology. Unlike legacy PBMs, SmithRx eliminates hidden fees, passes through 100% of rebates and discounts, and provides real-time prescription pricing and detailed savings reports. This gives clients the insights they need to make informed decisions and achieve meaningful savings for both their business and their employees. Experience the difference transparency, trust, and fairness can make in building a more equitable healthcare system. Learn more at www.smithrx.com.
About Modern Healthcare
Modern Healthcare is the most trusted business news and information brand in the healthcare industry. Modern Healthcare empowers healthcare leaders and influencers to make timely and informed business decisions. To learn more or subscribe, go to www.modernhealthcare.com/subscriptions
View source version on businesswire.com: https://www.businesswire.com/news/home/20250512431891/en/
Contacts
Media Contact:
Claire Schillings
claire.schillings@smithrx.com