Founded Year

2016

Stage

Series C | Alive

Total Raised

$89M

Last Raised

$60M | 2 yrs ago

Mosaic Score
The Mosaic Score is an algorithm that measures the overall financial health and market potential of private companies.

-15 points in the past 30 days

About SmithRx

SmithRx is a pharmacy benefits manager that focuses on providing transparent healthcare technology solutions within the pharmaceutical industry. The company offers a modern technology platform that connects self-insured employers, pharmacies, and patients to facilitate access to drugs. SmithRx primarily serves the healthcare and insurance sectors by aligning incentives with self-insured employers and offering programs. It was founded in 2016 and is based in San Francisco, California.

Headquarters Location

300 Brannan Street Suite 601

San Francisco, California, 94107,

United States

844-454-0123

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ESPs containing SmithRx

The ESP matrix leverages data and analyst insight to identify and rank leading companies in a given technology landscape.

EXECUTION STRENGTH ➡MARKET STRENGTH ➡LEADERHIGHFLIEROUTPERFORMERCHALLENGER
Healthcare & Life Sciences / Digital Pharmacy Tech

The digital pharmacy benefits platforms market offers technology that makes it more efficient and cost-effective for individuals and companies to manage pharmacy benefits. Companies in this market leverage digital platforms, data analytics, and automation to facilitate prescription claims processing, formulary management, medication adherence programs, prior authorization, full pharmacy benefits m…

SmithRx named as Highflier among 15 other companies, including Amazon, SS&C Technologies, and McKesson.

SmithRx's Products & Differentiators

    Claims Processing Engine

    SmithRx’s in-house adjudication engine is the core platform that processes every pharmacy claim in real time. It applies plan rules, verifies member eligibility, enforces clinical and formulary logic, calculates pricing, and confirms pharmacy network access — ensuring each claim is handled quickly, accurately, and according to contract.

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Research containing SmithRx

Get data-driven expert analysis from the CB Insights Intelligence Unit.

CB Insights Intelligence Analysts have mentioned SmithRx in 1 CB Insights research brief, most recently on Apr 8, 2024.

Latest SmithRx News

UnitedAg Partners with SmithRx to Modernize Pharmacy Benefits at Scale

Oct 6, 2025

SmithRx, a modern pharmacy benefits manager (PBM), today announced a new partnership with UnitedAg, a member-owned agricultural trade association and health plan Trust. This collaboration will provide UnitedAg's 1,200+ agricultural entities comprising over 55,000 members with a fiduciary-aligned, transparent, and more affordable pharmacy benefits solution. By partnering with SmithRx, UnitedAg is moving beyond a pass-through PBM model to embrace a solution built on radical transparency. SmithRx's platform gives clients full visibility into pharmacy spend and ensures every dollar saved goes directly back to employers and their employees. This approach empowers employers to take control of their benefits costs while offering employees the lowest-cost medications with unmatched clarity and care. "SmithRx is thrilled to partner with a forward-thinking organization like UnitedAg that shares our commitment to bring clarity and fairness to healthcare," said Jake Frenz, founder and CEO of SmithRx. "This partnership is a testament to the growing demand for a different kind of PBM—one that prioritizes people and provides real savings while delivering an exceptional member experience." "SmithRx's innovative model will not only help us manage our costs more effectively but, more importantly, will empower our members to make better decisions about their health," said Kirti Mutatkar, President and CEO of UnitedAg. "Our members are our most valuable asset, and we are dedicated to providing them with the best possible benefits." UnitedAg members now have access to the SmithRx platform, which empowers them with clear pricing and access to the lowest-cost medications. The platform's technology, including AI-driven efficiencies, delivers an award-winning member experience. This collaboration brings significant value to the plan by uniting a focus on transparency and service, making healthcare more affordable and accessible for all members. 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 UnitedAg UnitedAg is a member-owned agricultural trade association dedicated to providing comprehensive health benefits, fostering the next generation of agricultural leaders, and advocating for members' interests with lawmakers. Our mission is to support the sustainability and success of our members and the agricultural sector through tailored health benefits, leadership development, and legislative advocacy. Currently, we operate in California and Arizona and will soon expand to Oregon and Colorado. View source version on businesswire.com: https://www.businesswire.com/news/home/20251006154566/en/ Contacts Media Contact: claire.schillings@smithrx.com

SmithRx Frequently Asked Questions (FAQ)

  • When was SmithRx founded?

    SmithRx was founded in 2016.

  • Where is SmithRx's headquarters?

    SmithRx's headquarters is located at 300 Brannan Street, San Francisco.

  • What is SmithRx's latest funding round?

    SmithRx's latest funding round is Series C.

  • How much did SmithRx raise?

    SmithRx raised a total of $89M.

  • Who are the investors of SmithRx?

    Investors of SmithRx include Venrock, Founders Fund, BoxGroup, NextGen Venture Partners, Blumberg Capital and 8 more.

  • Who are SmithRx's competitors?

    Competitors of SmithRx include Walgreens Boots Alliance, Walgreens, Rite Aid, Scripta Insights, Surescripts and 7 more.

  • What products does SmithRx offer?

    SmithRx's products include Claims Processing Engine and 2 more.

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Compare SmithRx to Competitors

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EmpiRx Health

EmpiRx Health operates in the pharmacy benefits management sector, focusing on value-based, clinically-driven pharmacy care. The company provides a platform that centralizes pharmacists in the service model, with the intent to optimize medication therapies and reduce costs. EmpiRx Health serves sectors that require pharmacy benefits management and healthcare outcome improvement. It was founded in 2014 and is based in Montvale, New Jersey.

Judi Health Logo
Judi Health

Judi Health is a health benefit management company that operates within the healthcare technology sector. The company provides a platform for pharmacy, medical, dental, and vision benefits administration, focusing on drug price visibility and patient outcomes. Judi Health's services include pharmacy benefit management, health platform solutions, and health benefit workflows for stakeholders in the healthcare ecosystem. Judi Health was formerly known as Capital Rx. It was founded in 2017 and is based in Jersey City, New Jersey.

Flipt Logo
Flipt

Flipt is a healthcare technology and services company that specializes in pharmacy benefit management within the healthcare sector. The company provides a software platform that integrates benefits administration, formulary development, prior authorization, pharmacy network management, claims adjudication, and member services for pharmacy benefits management. It is based in Jersey City, New Jersey.

Prime Therapeutics Logo
Prime Therapeutics

Prime Therapeutics specializes in pharmacy benefit management and operates within the healthcare industry. The company offers a range of services including drug access solutions, clinical management for health conditions, and specialty drug management. Prime Therapeutics serves the healthcare sector, focusing on health plans and government programs. It was founded in 1998 and is based in Saint Paul, Minnesota.

O
OptumRx

OptumRx provides pharmacy services within the healthcare sector. The company offers services including home delivery of prescriptions, medication management, and drug pricing information. OptumRx serves individuals in need of prescription medications and healthcare professionals requiring pharmacy services. It is based in Irvine, California. OptumRx operates as a subsidiary of Optum.

Navitus Health Solutions Logo
Navitus Health Solutions

Navitus Health Solutions specializes in pharmacy benefit management within the healthcare sector. The company provides services that support plan sponsors and health plans and assist members in making informed benefit decisions. It serves members, plan sponsors, prescribers, and pharmacies. It was founded in 2003 and is based in Madison, Wisconsin.

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