# Modern PBM ## Is Your PBM Contract in Line with CAA 2026? Learn how SmithRx transforms pharmacy benefits with real savings and member satisfaction. Our modern, transparent approach delivers higher ROI, eliminates hidden fees, and improves employee health outcomes. *Jul 30, 2026, 11:00 AM* [Read more](/content/blog/pbm-contracts-and-caa-2026/index.html) ## Inverse Incentives: Why PBMs Profit When Your Spending Soars Learn how SmithRx transforms pharmacy benefits with real savings and member satisfaction. Our modern, transparent approach delivers higher ROI, eliminates hidden fees, and improves employee health outcomes. *May 14, 2026, 10:50 AM* [Read more](/content/blog/why-pbms-profit-when-your-spending-soars/index.html) ## How Platform Pricing Aligns Modern PBM Incentives with Employers Learn how SmithRx transforms pharmacy benefits with real savings and member satisfaction. Our modern, transparent approach delivers higher ROI, eliminates hidden fees, and improves employee health outcomes. *Apr 30, 2026, 9:38 AM* [Read more](/content/blog/platform-pricing-aligns-pbm-incentives-with-employers/index.html) ## PBM in the Spotlight: Reform Ushers in a New Era of Transparency Learn how SmithRx transforms pharmacy benefits with real savings and member satisfaction. Our modern, transparent approach delivers higher ROI, eliminates hidden fees, and improves employee health outcomes. *Apr 28, 2026, 9:34 AM* [Read more](/content/blog/pbm-reform-ushers-new-era-of-transparency/index.html) ## The Next Gen of PBMs: Building a Cost-Focused Foundation Learn how SmithRx transforms pharmacy benefits with real savings and member satisfaction. Our modern, transparent approach delivers higher ROI, eliminates hidden fees, and improves employee health outcomes. *Mar 31, 2026, 10:29 AM* [Read more](/content/blog/next-gen-pbm-cost-focused-foundation/index.html) ## Client Cross-Subsidization: The Hidden Cost of “Preferred” Pricing Learn how SmithRx transforms pharmacy benefits with real savings and member satisfaction. Our modern, transparent approach delivers higher ROI, eliminates hidden fees, and improves employee health outcomes. *Feb 23, 2026, 12:52 PM* [Read more](/content/blog/client-cross-subsidization-and-the-hidden-cost-of-preferred-pricing/index.html) ## PBM Reform Just Became Law: Here’s Why It Matters For Employers Learn how SmithRx transforms pharmacy benefits with real savings and member satisfaction. Our modern, transparent approach delivers higher ROI, eliminates hidden fees, and improves employee health outcomes. *Feb 4, 2026, 9:26 AM* [Read more](/content/blog/new-pbm-reform-law-february-2026/index.html) ## The Impact of FDA-Approved Oral Wegovy on Sustainable Pharmacy Benefits Learn how SmithRx transforms pharmacy benefits with real savings and member satisfaction. Our modern, transparent approach delivers higher ROI, eliminates hidden fees, and improves employee health outcomes. *Jan 28, 2026, 12:00 AM* [Read more](/content/blog/fda-approved-oral-glp-1s-sustainable-pharmacy-benefits/index.html) ## The Scalability Trap: Finding Benefits Partners to Grow with You Learn how SmithRx transforms pharmacy benefits with real savings and member satisfaction. Our modern, transparent approach delivers higher ROI, eliminates hidden fees, and improves employee health outcomes. *Jan 26, 2026, 4:53 PM* [Read more](/content/blog/finding-benefits-partners-to-grow-with-you/index.html) ## Beyond the Discount: Rethinking Pharmacy Benefits with Radical Transparency Learn how SmithRx transforms pharmacy benefits with real savings and member satisfaction. Our modern, transparent approach delivers higher ROI, eliminates hidden fees, and improves employee health outcomes. *Jan 13, 2026, 9:38 AM* [Read more](/content/blog/rethinking-pharmacy-benefits/index.html) ## Navigating High-Stakes PBM Change with People-First, Empathetic Service Learn how SmithRx transforms pharmacy benefits with real savings and member satisfaction. Our modern, transparent approach delivers higher ROI, eliminates hidden fees, and improves employee health outcomes. *Jan 7, 2026, 10:17 AM* [Read more](/content/blog/navigating-change-with-people-first-service/index.html) ## Pharmacy Benefits Shakeup: 2026 Trends and Predictions Learn how SmithRx transforms pharmacy benefits with real savings and member satisfaction. Our modern, transparent approach delivers higher ROI, eliminates hidden fees, and improves employee health outcomes. *Jan 1, 2026, 12:00 AM* [Read more](/content/blog/2026-pharmacy-benefits-trends-and-predictions/index.html) ## The Biosimilar Bottom Line: How Legacy PBMs Hide Millions Learn how SmithRx transforms pharmacy benefits with real savings and member satisfaction. Our modern, transparent approach delivers higher ROI, eliminates hidden fees, and improves employee health outcomes. *Dec 17, 2025, 10:45 AM* [Read more](/content/blog/biosimilar-bottom-line/index.html) ## PBMs, You Actually Can Control Drug Mix. We Are Proof. Learn how SmithRx transforms pharmacy benefits with real savings and member satisfaction. Our modern, transparent approach delivers higher ROI, eliminates hidden fees, and improves employee health outcomes. *Dec 11, 2025, 3:21 PM* [Read more](/content/blog/pbms-can-control-drug-mix/index.html) ## 5 Key Takeaways on the Future of PBMs from Our BAM Summit Learn how SmithRx transforms pharmacy benefits with real savings and member satisfaction. Our modern, transparent approach delivers higher ROI, eliminates hidden fees, and improves employee health outcomes. *Oct 8, 2025, 11:39 AM* [Read more](/content/blog/future-of-pbm-key-takeaways/index.html) ## Fully-Insured vs. Self-Insured: How a Carve-Out PBM Delivers Savings and Control Learn how SmithRx transforms pharmacy benefits with real savings and member satisfaction. Our modern, transparent approach delivers higher ROI, eliminates hidden fees, and improves employee health outcomes. *Sep 29, 2025, 4:56 PM* [Read more](/content/blog/how-self-insured-carve-out-pbms-deliver-savings-and-control/index.html) ## Legacy PBMs Are on Borrowed Time: An Insider's Look Learn how SmithRx transforms pharmacy benefits with real savings and member satisfaction. Our modern, transparent approach delivers higher ROI, eliminates hidden fees, and improves employee health outcomes. *Sep 11, 2025, 9:27 AM* [Read more](/content/blog/end-of-the-legacy-pbm-era/index.html) ## The 5 Pillars of a Modern PBM Learn how SmithRx transforms pharmacy benefits with real savings and member satisfaction. Our modern, transparent approach delivers higher ROI, eliminates hidden fees, and improves employee health outcomes. *Aug 19, 2025, 4:49 PM* [Read more](/content/blog/5-pillars-modern-pbm/index.html) ## Legacy PBMs Are Hurting More Than Just Patients—They’re Hurting Pharmacies, Too Learn how SmithRx transforms pharmacy benefits with real savings and member satisfaction. Our modern, transparent approach delivers higher ROI, eliminates hidden fees, and improves employee health outcomes. *May 6, 2025, 12:00 AM* [Read more](/content/blog/legacy-pbms-are-hurting-more-than-just-patients-theyre-hurting-pharmacies-too/index.html) ## Tear It Down, Build It Right: What a Truly Transparent PBM Looks Like Learn how SmithRx transforms pharmacy benefits with real savings and member satisfaction. Our modern, transparent approach delivers higher ROI, eliminates hidden fees, and improves employee health outcomes. *Apr 15, 2025, 12:00 AM* [Read more](/content/blog/tear-it-down-build-it-right-what-a-truly-transparent-pbm-looks-like/index.html) ## The FTC’s Latest PBM Report Confirms What We’ve Known All Along Learn how SmithRx transforms pharmacy benefits with real savings and member satisfaction. Our modern, transparent approach delivers higher ROI, eliminates hidden fees, and improves employee health outcomes. *Jan 30, 2025, 12:00 AM* [Read more](/content/blog/the-ftcs-latest-pbm-report-confirms-what-weve-known-all-along/index.html) ## 4 PBM Trends in 2025 Learn how SmithRx transforms pharmacy benefits with real savings and member satisfaction. Our modern, transparent approach delivers higher ROI, eliminates hidden fees, and improves employee health outcomes. *Jan 8, 2025, 12:00 AM* [Read more](/content/blog/4-pbm-trends-in-2025/index.html) ## Transforming the PBM Landscape: Highlights from the Inaugural Broker Account Manager Summit Learn how SmithRx transforms pharmacy benefits with real savings and member satisfaction. Our modern, transparent approach delivers higher ROI, eliminates hidden fees, and improves employee health outcomes. *Sep 25, 2024, 12:00 AM* [Read more](/content/blog/highlights-from-the-inaugural-broker-account-manager-summit/index.html) ## An Open Letter to SmithRx Customers Regarding Recent PBM News Learn how SmithRx transforms pharmacy benefits with real savings and member satisfaction. Our modern, transparent approach delivers higher ROI, eliminates hidden fees, and improves employee health outcomes. *Jul 18, 2024, 12:00 AM* [Read more](/content/blog/an-open-letter-to-smithrx-customers-regarding-recent-pbm-news/index.html) ## Mail-Order Markups by Big PBMs Drive Up Drug Costs for Employers Learn how SmithRx transforms pharmacy benefits with real savings and member satisfaction. Our modern, transparent approach delivers higher ROI, eliminates hidden fees, and improves employee health outcomes. *Jul 9, 2024, 12:00 AM* [Read more](/content/blog/mail-order-markups-by-big-pbms-drive-up-drug-costs-for-employers/index.html) ## Why PBM Contracts Are to Blame for High Drug Prices Learn how SmithRx transforms pharmacy benefits with real savings and member satisfaction. Our modern, transparent approach delivers higher ROI, eliminates hidden fees, and improves employee health outcomes. *Jun 13, 2024, 12:00 AM* [Read more](/content/blog/why-pbm-contracts-are-to-blame-for-high-drug-prices/index.html) ## Tackling Monopolistic Practices in Pharmacy Benefits Management: Insights from FTC Chair Lina Khan Learn how SmithRx transforms pharmacy benefits with real savings and member satisfaction. Our modern, transparent approach delivers higher ROI, eliminates hidden fees, and improves employee health outcomes. *Apr 23, 2024, 12:00 AM* [Read more](/content/blog/tackling-monopolistic-practices-in-pharmacy-benefits-management-insights-from-ftc-chair-lina-khan/index.html) ## The Cost of Discount-Focused PBMs: A Case Study of Johnson & Johnson's Prescription Drug Pricing Learn how SmithRx transforms pharmacy benefits with real savings and member satisfaction. Our modern, transparent approach delivers higher ROI, eliminates hidden fees, and improves employee health outcomes. *Apr 23, 2024, 12:00 AM* [Read more](/content/blog/the-cost-of-discount-focused-pbms-johnson-johnson/index.html) ## Mark Cuban’s Top 3 Lessons for Benefits Brokers Learn how SmithRx transforms pharmacy benefits with real savings and member satisfaction. Our modern, transparent approach delivers higher ROI, eliminates hidden fees, and improves employee health outcomes. *Apr 19, 2024, 12:00 AM* [Read more](/content/blog/3-lessons-for-benefits-brokers-from-mark-cuban/index.html) ## Big 3 PBMs Surpassed by Alternative PBMs, New Survey Reveals Learn how SmithRx transforms pharmacy benefits with real savings and member satisfaction. Our modern, transparent approach delivers higher ROI, eliminates hidden fees, and improves employee health outcomes. *Mar 22, 2024, 12:00 AM* [Read more](/content/blog/alternative-pbms-surpass-big-3-in-customer-satisfaction/index.html) ## Choosing the Right PBM: Cost Savings vs Discounts Learn how SmithRx transforms pharmacy benefits with real savings and member satisfaction. Our modern, transparent approach delivers higher ROI, eliminates hidden fees, and improves employee health outcomes. *Feb 28, 2024, 12:00 AM* [Read more](/content/blog/choosing-the-right-pbm-a-guide-to-cost-saving-over-discounts/index.html) ## SmithRx Raises $60M Series C to Drive Transparent Pharmacy Benefits & Lower Drug Costs Learn how SmithRx transforms pharmacy benefits with real savings and member satisfaction. Our modern, transparent approach delivers higher ROI, eliminates hidden fees, and improves employee health outcomes. *Jan 19, 2024, 12:00 AM* [Read more](/content/blog/series-c-60m/index.html) ## How To Explain What’s Wrong with US Healthcare to Your Family Over the Holidays Learn how SmithRx transforms pharmacy benefits with real savings and member satisfaction. Our modern, transparent approach delivers higher ROI, eliminates hidden fees, and improves employee health outcomes. *Dec 20, 2023, 12:00 AM* [Read more](/content/blog/how-to-explain-whats-wrong-with-us-healthcare-to-your-family/index.html) ## SmithRx in 2023: A Year of Pioneering Truly Transparent Pharmacy Benefits Learn how SmithRx transforms pharmacy benefits with real savings and member satisfaction. Our modern, transparent approach delivers higher ROI, eliminates hidden fees, and improves employee health outcomes. *Dec 19, 2023, 12:00 AM* [Read more](/content/blog/smithrx-year-in-review-2023/index.html) ## Smoke and Mirrors: Analyzing CVS’s Drug Pricing Revamp Learn how SmithRx transforms pharmacy benefits with real savings and member satisfaction. Our modern, transparent approach delivers higher ROI, eliminates hidden fees, and improves employee health outcomes. *Dec 7, 2023, 12:00 AM* [Read more](/content/blog/smoke-and-mirrors-analyzing-cvss-drug-pricing-revamp/index.html) ## The Flaws in Cigna’s PBM New Cost-Plus Model Learn how SmithRx transforms pharmacy benefits with real savings and member satisfaction. Our modern, transparent approach delivers higher ROI, eliminates hidden fees, and improves employee health outcomes. *Dec 4, 2023, 12:00 AM* [Read more](/content/blog/the-flaws-in-cignas-new-cost-plus-model/index.html) ## Traditional PBMs Capitalize On GLP-1 Drug Frenzy Learn how SmithRx transforms pharmacy benefits with real savings and member satisfaction. Our modern, transparent approach delivers higher ROI, eliminates hidden fees, and improves employee health outcomes. *Nov 27, 2023, 12:00 AM* [Read more](/content/blog/traditional-pbms-capitalize-on-glp-1-drug-frenzy/index.html) ## A New Consumer-Centric Approach to Healthcare Learn how SmithRx transforms pharmacy benefits with real savings and member satisfaction. Our modern, transparent approach delivers higher ROI, eliminates hidden fees, and improves employee health outcomes. *Nov 16, 2023, 12:00 AM* [Read more](/content/blog/a-new-approach-to-consumerism-in-healthcare/index.html) ## How Legacy PBMs Play Games with Humira Biosimilars Learn how SmithRx transforms pharmacy benefits with real savings and member satisfaction. Our modern, transparent approach delivers higher ROI, eliminates hidden fees, and improves employee health outcomes. *Nov 16, 2023, 12:00 AM* [Read more](/content/blog/same-drug-two-different-prices-legacy-pbms-play-games-with-humira-biosimilars/index.html) ## How Pass-Through Pricing Causes Traditional PBM Clients to Lose Learn how SmithRx transforms pharmacy benefits with real savings and member satisfaction. Our modern, transparent approach delivers higher ROI, eliminates hidden fees, and improves employee health outcomes. *Nov 16, 2023, 12:00 AM* [Read more](/content/blog/why-pass-through-clients-of-traditional-pbms-lose-big/index.html) ## Navigating PBM Deals with Blue Shield as a Self-Insured Business Learn how SmithRx transforms pharmacy benefits with real savings and member satisfaction. Our modern, transparent approach delivers higher ROI, eliminates hidden fees, and improves employee health outcomes. *Nov 16, 2023, 12:00 AM* [Read more](/content/blog/if-blue-shield-with-4-8m-member-lives-cant-get-a-fair-deal-with-the-big-3-pbms-your-self-insured-business-probably-cant-either/index.html) ## Press release: New coalition of Transparent PBM companies seeks to fix nation’s broken drug pricing system Learn how SmithRx transforms pharmacy benefits with real savings and member satisfaction. Our modern, transparent approach delivers higher ROI, eliminates hidden fees, and improves employee health outcomes. *Nov 16, 2023, 12:00 AM* [Read more](/content/blog/new-coalition-of-transparent-pbm-companies-seeks-to-fix-nations-broken-drug-pricing-system/index.html) ## SmithRx Announces $20 Million Series B Led by Venrock Learn how SmithRx transforms pharmacy benefits with real savings and member satisfaction. Our modern, transparent approach delivers higher ROI, eliminates hidden fees, and improves employee health outcomes. *Nov 16, 2023, 12:00 AM* [Read more](/content/blog/smithrx-announces-20-million-series-b-led-by-venrock/index.html) ## SmithRx Clients Drug Costs Remain Significantly Below Industry Benchmarks Learn how SmithRx transforms pharmacy benefits with real savings and member satisfaction. Our modern, transparent approach delivers higher ROI, eliminates hidden fees, and improves employee health outcomes. *Nov 16, 2023, 12:00 AM* [Read more](/content/blog/smithrx-lowers-drug-costs-for-patients-and-employers/index.html) ## SmithRx Transparency: The Consolidated Appropriations Act (CAA) 2021 Learn how SmithRx transforms pharmacy benefits with real savings and member satisfaction. Our modern, transparent approach delivers higher ROI, eliminates hidden fees, and improves employee health outcomes. *Nov 16, 2023, 12:00 AM* [Read more](/content/blog/still-no-surprises-at-smithrx-the-consolidated-appropriations-act-caa-2021/index.html) ## TransparencyRx & the Mission to Fix Broken Drug Pricing Learn how SmithRx transforms pharmacy benefits with real savings and member satisfaction. Our modern, transparent approach delivers higher ROI, eliminates hidden fees, and improves employee health outcomes. *Nov 16, 2023, 12:00 AM* [Read more](/content/blog/transparencyrx-and-the-mission-to-fix-broken-drug-pricing/index.html)