Xevant is a leading, real-time, AI-powered pharmacy benefits analytics and automation platform designed to transform complex pharmacy claims data into immediate, actionable insights. The platform accelerates and simplifies the painstaking task of data analysis and report building for pharmacy benefit managers (PBMs), third-party administrators (TPAs), health plans, brokers, and consultants.
At its core, Xevant's mission is to achieve the lowest net healthcare cost through intelligent, real-time technology, providing unmatched transparency into the pharmacy benefits ecosystem. The platform's AI-powered data ingestion and standardization capabilities autonomously transform diverse data formats into a consistent, usable structure, reducing time spent on data integration by as much as 65%.
The Xevant platform is a comprehensive solution, often referred to as X4, encompassing 14 modules, over 330 dashboards, and more than 4,000 reports. Key product modules include:
- VerX Platform: A new suite of interconnected systems (Cortex, Pulse, Axis, Nudge) that reverse-engineer prescription claims to reveal the lowest achievable net cost for every claim in real-time.
- AlertLogic: Provides intelligent, real-time alerts to proactively manage performance and instantly details over/under-performance of all pharmacy benefits KPIs.
- BidLogic: Automates price evaluation and modeling to maximize client savings and generate custom pricing proposals in minutes.
- RebateLogic: A fully transparent drug rebate solution that automates the management and optimization of drug rebates.
- ClinicalLogic: Automates the identification of newly diagnosed members and alerts clinicians, enabling them to focus on care management for better health and lower costs.
- PlanReview: Automates the creation of customized, comprehensive plan review reports in a PowerPoint format in seconds, saving thousands of man-hours.
- Specialty Dashboards: Includes the Biosimilar Dashboard and GLP-1 Dashboard for targeted cost management and utilization optimization.
Target users leverage Xevant to move from a retrospective, manual reporting model to a proactive, real-time intervention model, resulting in significant cost reductions (e.g., up to 9% decrease in overall plan costs) and improved member health outcomes.