- The designation demonstrates a meaningful commitment to quality healthcare.
- Among the first 25 pharmacy benefits managers to receive this designation, SmithRx is a pioneer in the space, rethinking the modern PBM.
- To earn the validation, SmithRx adhered to URAC’s rigorous end-to-end evaluation that closely examined its full business model and practices.
SAN FRANCISCO,
March 3, 2026 /PRNewswire/ —
SmithRx, a modern pharmacy benefits manager (PBM), is proud to announce that it has earned URAC’s
Pharmacy Benefit Management Accreditation. URAC is the independent leader in promoting health care quality by setting high standards for clinical practice, consumer protections, performance measurement, operations infrastructure, and risk management. By achieving this status, SmithRx has demonstrated its commitment to quality care, enhanced processes, patient safety, and improved outcomes.
SmithRx has challenged legacy pharmacy benefits models and driven innovation in the industry since its inception in 2016. Determined to forge something better than the legacy PBM model, the company’s offerings are centered around radical transparency and built for the employers and employees it serves. SmithRx’s cutting-edge platform identifies, secures, and onboards the lowest cost drugs for members—leveraging powerful cost-savings programs and extensive partnerships within the pharmacy benefits industry. The company serves over 5,000 employer clients and, in 2025 alone, achieved more than $320M in savings for clients, reducing their pharmacy benefit costs by an average of over 20% per client.
“For the past decade, SmithRx has delivered transparent PBM offerings in an industry that relies on black box models to thrive. With a third-party reviewer like URAC’s stamp of approval, SmithRx’s longstanding claims of putting customers and members first are now externally substantiated,” said Jake Frenz, CEO and founder of SmithRx. “The Pharmacy Benefits Accreditation indicates to our customers and the broader industry that our tireless efforts to redefine the PBM have not gone in vain—showcasing that radical transparency is truly feasible and compatible with quality and safety standards required in healthcare. We look forward to continuing these efforts knowing we have such a respected proof point to link back to.”
“URAC accreditation reflects a comprehensive evaluation of governance, clinical oversight, and operational integrity,” said URAC President and CEO Shawn Griffin, MD. “SmithRx’s achievement demonstrates that a transparent PBM model can meet rigorous, independent standards for accountability and quality.”
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 URAC
Founded in 1990 as a non-profit organization, URAC is the independent leader in promoting health care quality and patient safety through renowned accreditation programs. URAC develops its evidence-based standards in collaboration with a wide array of stakeholders and industry experts. The company’s portfolio of accreditation and certification programs spans the health care industry, addressing health equity, workplace mental health, health care management and operations, pharmacies, telehealth, health plans, medical practices and more. URAC accreditation is a symbol of excellence for organizations to showcase their validated commitment to quality and accountability.
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SOURCE SmithRx
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