SmithRx Continues to Fix Broken Pharmacy Benefits Management System, Closes $60M in Series C Funding Led by Venrock
SmithRx Continues to Fix Broken Pharmacy Benefits Management System, Closes $60M in Series C Funding Led by Venrock
01/23/24, 1:37 PM
Location
san franciscoMoney raised
$60 million
Industry
hospitals and health care
Investors
Venrock
SmithRx, a next-generation pharmacy benefits management (PBM) company, closed a $60M Series C financing round led by top Silicon Valley healthcare venture capital firm Venrock. The latest funding positions SmithRx to continue reducing costs of pharmacy benefits for small and midsize self-insured businesses.
Company Info
Location
san francisco, california, united states
Additional Info
Our mission is to reduce the cost and complexity of pharmacy benefits for America’s employers and patients.
Pharmacy benefits are broken. The overly complex monopolies built by big PBMs only serve their bottom lines. SmithRx is a transparent, pass-through pharmacy benefits manager for self-insured employers. We operate independently from insurance companies and pharmacies so that our incentives are 100% aligned with our customers. Our modern technology and innovative cost savings programs connect our members to the lowest cost drugs.
Get in touch with us to today to learn how to save on your pharmacy spend!