SmithRx Awarded Modern Healthcare’s Best in Business for Second Consecutive Year

SAN FRANCISCO–(BUSINESS WIRE)–SmithRx, a modern pharmacy benefits manager (PBM), was recognized by Modern Healthcare as one of the Best in Business of 2025 – for the second consecutive year. The Modern Healthcare Best in Business award recognizes companies that stand out for excellence in growth, employee engagement, customer satisfaction, and transformative solutions that advance patient care and healthcare delivery. Building on last year’s achievement, SmithRx once again distinguished itself among an impressive field of nominees.

“We are honored to be recognized as a Modern Healthcare Best in Business award recipient for the second year running,” said Jake Frenz, CEO and founder of SmithRx. “This achievement reflects the tireless dedication of our team and their dogged pursuit of a more transparent, more accountable pharmacy benefits system. We are grateful for the continued support of our clients and community as we push the boundaries of what’s possible in pharmacy benefits.”

Since its founding in 2016, SmithRx has focused on challenging legacy pharmacy benefits models and driving innovation, all in service of building a new pharmacy benefits system that works for employers and employees alike. SmithRx’s industry-first platform identifies, secures, and onboards the lowest cost drugs for members, leveraging innovative technology, powerful cost-savings programs, and extensive partnerships within the pharmacy benefits industry. To date, SmithRx has partnered with over 5,000 employer clients to achieve more than $300M in savings for clients, reducing their pharmacy benefit costs by an average of 20%.

The Modern Healthcare Best in Business award winners were selected by an independent panel of industry judges based on criteria that include innovation, business performance, strategic planning, and contributions to the field of healthcare.

“We are proud to honor this year’s recipients of Modern Healthcare’s Best in Business Award,” said Dan Peres, President of Modern Healthcare. “These organizations demonstrate the progress, creativity and excellence that help move healthcare forward. Their innovative approaches and measurable impact are redefining what’s possible in care delivery and operations. Congratulations to this year’s honorees for their exceptional achievements and lasting contributions.”

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 Modern Healthcare

Modern Healthcare is the most trusted business news and information brand in the healthcare industry. Modern Healthcare empowers healthcare leaders and influencers to make timely and informed business decisions. To learn more or subscribe, go to www.modernhealthcare.com/subscriptions.

Contacts

Claire Schillings

[email protected]