Xevant

Xevant is a company specializing in pharmacy benefit management (PBM) data analytics solutions. It operates in the healthcare market, specifically targeting PBMs, health plans, third-party administrators (TPAs), and broker organizations. Xevant's primary service is to help these clients manage their pharmacy spend more efficiently by providing real-time insights and alerts through its advanced analytics platform.

The business model of Xevant revolves around offering a comprehensive suite of services that include system implementation, customization, training, and ongoing support. By automating data analyses, Xevant's platform identifies hidden issues that could lead to increased costs, thereby saving clients significant amounts of money. This automation also helps in boosting client satisfaction and retention by reducing the time spent on tasks like quarterly reviews, claims management, and member research.

Xevant makes money through subscription fees for its analytics platform and additional services such as customization and training. The company positions itself as a virtual pharmacy expert, continuously analyzing data to find cost-saving opportunities and improve outcomes for its clients.

In summary, Xevant provides a robust solution for PBMs and related organizations to optimize their business processes, reduce costs, and enhance client satisfaction through advanced data analytics.

Keywords: PBM, data analytics, healthcare, cost-saving, automation, real-time insights, client retention, pharmacy spend, health plans, TPAs.