December 2024 Edition
Welcome to the SmithRx Broker Brief: your go-to monthly digest for the latest in pharmacy benefits and SmithRx updates.
As SmithRx closes a transformative 2024, we're highlighting achievements that empower you to deliver better pharmacy benefits solutions. From new cost-saving programs to enhanced analytics tools, discover how our innovations strengthen your client relationships.
We're incredibly proud to be recognized in Modern Healthcare's inaugural Best in Business honorific, celebrating healthcare innovators driving industry transformation. This recognition in the pharmacy category validates our mission to bring transparency and innovation to the PBM industry, reflecting our team's dedication to delivering real value for brokers, employers, and members alike.
Customer Satisfaction
We pride ourselves on delivering exceptional service that ensures our members feel supported and valued. In 2024, our commitment to efficiency and personalized care drove some outstanding results!
Clinical Excellence
We strengthened our commitment to clinical innovation through groundbreaking cost-saving programs. Our expanded solutions tackle key market challenges while ensuring members maintain access to vital medications.
Savings on MS Meds
Now save up to 99.8% on MS meds through Connect 360, in partnership with Mark Cuban Cost Plus Drugs and National MS Society.
Savings on GLP-1s
The Connect 360 GLP-1 program ensures affordable access to GLP-1 therapies, even during shortages, offering $0 copays for members while saving employer groups.
Platform Enhancements
Our product updates this year focused on enhancing transparency and efficiency, empowering brokers to deliver greater value to their clients. Tools like real-time prior authorization tracking and advanced Partner Portal analytics simplify managing pharmacy benefits.
Prior Authorization Status
Our real-time PA updates empower members with transparency and proactive notifications every step of the way.
Partner Portal 2.0
We began rolling out our advanced partner portal, featuring advanced analytics, improved reporting, and streamlined tools. Contact your account manager today to get started.
Redefining PBM
Throughout 2024, we've challenged traditional PBM practices with new approaches to pricing, measurement, and evaluation. Our thought leadership equips brokers with powerful insights about transparent fees, true cost analysis, and strategic PBM selection.
Modern PBM Fees
We’ve redefined PBM cost structures with flat admin fees, transparent pass-through pricing, and a drug-agnostic approach.
Savings vs. Discounts
Traditional PBMs focus on discounts that can obscure true costs, driving higher expenses for employers and members. Our cost-based approach ensures transparency and aligns incentives, delivering real savings and measurable value.
PBM Evaluation Guide
Find out how we’re changing the PBM evaluation narrative by focusing on transparency and choice, empowering employers to make informed decisions for better outcomes.
We're deeply grateful for your partnership in transforming pharmacy benefits this year. Watch for our comprehensive annual report in January—packed with performance metrics, member satisfaction scores, clinical outcomes, and cost savings data that tell the full story of how we're delivering real value to your clients.
SmithRx
300 Brannan St., Suite 601
San Francisco, CA 94107
? 2024 Smith Health, Inc. All Rights Reserved.