Job description
Who We Are:
SmithRx is a rapidly growing, venture-backed Health-Tech company. Our mission is to disrupt the expensive and inefficient Pharmacy Benefit Management (PBM) sector by building a next-generation drug acquisition platform driven by cutting edge technology, innovative cost saving tools, and best-in-class customer service. With hundreds of thousands of members onboarded since 2016, SmithRx has a solution that is resonating with clients all across the country.
We pride ourselves for our mission-driven and collaborative culture that inspires our employees to do their best work. We believe that the U.S healthcare system is in need of transformation, and we come to work each day dedicated to making that change a reality. At our core, we are guided by our company values:
- Integrity: Our purpose guides our actions and gives us confidence in the path ahead. With unwavering honesty and dependability, we embrace the pressure of challenging the old and exemplify ethical leadership to create the new.
- Courage: We face continuous challenges with grit and resilience. We embrace the discomfort of the unknown by balancing autonomy with empathy, and ownership with vulnerability. We boldly challenge the status quo to keep moving forward—always.
- Together: The success of SmithRx reflects the strength of our partnerships and the commitment of our team. Our shared values bind us together and make us one. When one falls, we all fall; when one rises, we all rise.
Job Summary:
We are looking for a Healthcare Regulatory Counsel to navigate the dynamic PBM regulatory landscape, ensuring SmithRx’s compliance as we innovate to reduce drug costs.
In this role, you will help review and analyze, and then operationalize, applicable federal and state laws and regulations across various functions in the company. To ensure that SmithRx’s innovative pathways to reduce drug costs are in compliance with applicable law and properly captured in commercial agreements, you will assess and provide guidance from a healthcare regulatory standpoint for new products, services, and strategies.
The successful candidate will evidence a passion for impacting the U.S. healthcare ecosystem and be excited for the challenge of helping scale the legal function at a high-growth healthcare technology company.
In order to be eligible for this position applicants must be based in one of the following states:Arkansas, Arizona, California, Colorado, Florida, Georgia, Kansas, Minnesota, Missouri, Nevada, North Carolina, South Carolina, Ohio, Pennsylvania, Tennessee, Texas, Utah, Virginia, Washington, Wisconsin.
What you will do:
- Collaborate with, and provide strategic and legal advice to, various cross-functional teams, including the Clinical Strategy, Customer Success, and Revenue teams.
- Support SmithRx’s regulatory compliance posture with various government regulatory agencies, including regarding SmithRx’s licensing status, periodic required regulatory filings, and regulator inquiries as necessary.
- Review, analyze, and advise business leaders regarding new and existing federal and state laws and regulations applicable to SmithRx’s current and future products and services.
- Work with the Clinical Strategy team to develop new products and services to deliver cost savings to SmithRx’s clients.
- Work with the Revenue team and Commercial Counsel team to provide regulatory support in contract negotiations and drafting.
- Proactively support SmithRx’s business functions, including its Pharmacy Network and Clinical Review teams, and maintain compliance with applicable laws and regulations in various jurisdictions.
- Support SmithRx’s internal Compliance function, including drafting/revising internal policies and guidance for the business relating to compliance with applicable healthcare laws and regulations.
- Act as a client-facing subject matter expert on healthcare regulatory matters.
- Collaborate with and help manage outside healthcare counsel.
- Effectively prioritize and manage additional ad-hoc requests and responsibilities across a spectrum of complex business, legal, and strategic issues.
What you will bring to SmithRx:
- J.D. degree and active membership in at least one state bar.
- Admitted to California bar, or admitted/eligible to qualify as a California Registered In-House Counsel.
- 5+ years of experience as a practicing attorney at a law firm and/or in-house in healthcare regulatory matters
- Relevant experience and strong foundation in the healthcare legal/regulatory frameworks affecting the pharmaceutical industry and PBMs, including working knowledge of HIPAA, PBM/TPA licensing, anti-kickback statutes, utilization review laws, pharmacy laws, and ERISA.
- Experience interacting with government administrative agencies and regulators.
- Strong written and oral communication skills to effectively collaborate and negotiate with internal stakeholders and external counterparties.
- Highly analytical and solutions-focused with sound business judgment.
- Quick learner who can adapt to a fast-paced, high-growth environment and can navigate complex cross-functional situations.
- Works well under pressure, with regular prioritization and timely and transparent communication.
- Has an interest and passion for improving access to convenient and affordable healthcare.
What SmithRx Offers You:
- Highly competitive wellness benefits including Medical, Pharmacy, Dental, Vision, and Life Insurance and AD&D Insurance
- Flexible Spending Benefits
- 401(k) Retirement Savings Program
- Short-term and long-term disability
- Discretionary Paid Time Off
- 12 Paid Holidays
- Wellness Benefits
- Commuter Benefits
- Paid Parental Leave benefits
- Employee Assistance Program (EAP)
- Well-stocked kitchen in office locations
- Professional development and training opportunities
