Senior Director of Product Management, SmithRx
Next-generation pharmacy benefits
Open for applications
Next-generation pharmacy benefits
201-500 employees
Open for applications
201-500 employees
Company mission
To reduce the complexity and costs of pharmacy benefits with a cleaner business approach and the industry’s most advanced and flexible technology platform.
Role
Who you are
- Experience: 12+ years of product management experience, with at least 5 years in a leadership role and experience in Series C+ or public companies
- Healthcare Expertise: In-depth knowledge of the healthcare industry, including regulations, trends, and emerging technologies. A parallel industry experience will suffice
- Strategic Vision: The ability to create and communicate a compelling product vision and strategy
- Team Leadership: Proven experience managing and developing high-performing product management teams
- Data-Driven: Strong analytical and data-driven decision-making skills
- Innovation: A track record of driving innovation and delivering successful products to the market
- Communication: Excellent communication and interpersonal skills to collaborate effectively with cross-functional teams and stakeholders
- Customer-Centric: A deep understanding of customer needs and a commitment to delivering solutions that improve their experiences
- Agile Methodology: Familiarity with Agile development methodologies
- Adaptability: The ability to adapt to changing market conditions and pivot strategies as needed
What the job involves
- As a Director of Product Management, you will play a pivotal role in leveraging your Product expertise to set the Product strategy and ideating on your hypothesis to define and deliver an innovative and intuitive product that delights the customer and meets the business impact
- With your ownership mindset and high accountability you will step up to collaborate with business stakeholders and customers and translate their needs into detailed requirements with clear prioritization and tight partnership with design, eng and program to execute the solution with high quality and on time delivery
- As the Director of Product Management at SmithRx, you will play a critical role in driving the growth and success of our healthcare technology products
- You will lead a dynamic team of product managers, shape the product vision, and drive the development of innovative solutions that improve healthcare outcomes, enhance patient experiences, and drive business growth
- In addition you will lead a team of technical program managers to drive execution of programs and transform SmithRx into an execution powerhouse. Your strategic leadership and deep industry knowledge will be pivotal in achieving our mission of transforming the healthcare landscape
- Product Strategy: Develop and communicate the product vision, strategy, and roadmap for the healthcare technology product line. Collaborate with cross-functional teams to ensure alignment with overall company objectives
- Team Leadership: Manage and mentor a high-performing team of product managers, fostering a culture of innovation, collaboration, and excellence. Provide clear direction and support for their professional development
- Market Research: Stay abreast of industry trends, regulatory changes, and emerging technologies in healthcare. Conduct market research to identify opportunities and threats, and adjust product strategies accordingly
- Customer Focus: Maintain a deep understanding of customer needs, pain points, and feedback. Work closely with sales, customer support, and other teams to gather insights that inform product development and enhancements. Run customer councils to get the voice of customers
- Product Development & Experimentation: Oversee the entire product development lifecycle, from concept to delivery. Collaborate with engineering, design, and other cross-functional teams to prioritize and guide feature development
- Roadmap Planning: Create and manage a product roadmap that aligns with the company's strategic objectives. Prioritize features, improvements, and optimizations based on business impact and customer feedback
- Product Launch: Lead successful product launches by coordinating marketing, sales, and customer support efforts. Ensure the team is well-prepared for a seamless product release
- Performance Metrics: Define and track key performance metrics, such as user adoption, revenue growth, and customer satisfaction, to measure the success of product initiatives
- Risk Management: Identify potential risks and challenges, and develop mitigation plans to ensure the product's success. Stay proactive in addressing issues and pivoting strategies when necessary
- Collaboration: Foster collaboration and communication between different departments, including engineering, marketing, sales, and operations, to ensure product development aligns with business goals
- Program Execution: Run end to end programs and their smooth execution while driving transforming towards execution powerhouse
Our take
PBMs (Pharmacy Benefit Managers) save payers and patients 40% to 50% on prescription drug and related medical costs in the US, compared to what they would spend without them. It’s generally accepted, though, that PBMs are working for profit and not solely on the customers benefit.
SmithRx is a company looking to reduce complications in the current system with its innovative PBM structure. It uses its cloud-based technology to present the most cost effective options transparently to self-insured businesses, supporting them in getting the lowest cost drugs they can, as well as making the transition to these alternatives seamless.
It does this by partnering with innovative drug companies, as well as applying coupons and making use of available savings and assistance programs. As the company does not take economics from the supply chain, it is able to work for its customers with no hidden agendas. Having recently secured funding, the company is looking towards continued growth as well as pursuing leadership in the sector.
Steph
Company Specialist at Welcome to the Jungle
Insights
Few candidates hear
back within 2 weeks
Company
Funding (last 2 of 5 rounds)
Jan 2024
$60m
SERIES C
Mar 2022
$20m
SERIES B
Total funding: $97.5m
Company benefits
- Comprehensive wellness benefits including Medical, Pharmacy, Dental and Vision. We pay up to 90% for you and your family
- Fully paid life insurance and disability benefits
- Paid Parental Leave benefits
- Professional development, training and career growth opportunities
- Generous paid time off
Company values
- Operate With Integrity: Always operate with honesty and transparency so we earn the trust of our clients
- Courage To Transform: Demonstrate the courage needed to take on a broken industry and continuously improve what we offer to optimise health outcomes
- Together We Succeed: Foster a collaborative and inclusive environment that values teamwork, respect, and open communication, and encourages creativity and diversity of thought
Company HQ
South Park, San Francisco, CA
Articles
Leadership
Jake Frenz
(CEO)Previously worked as Director of Plan Operations at CollectiveHealth and Project Director at Anthem Inc.
Share this job
View 11 more jobs at SmithRx