Top 6 Disruptive Healthcare Analytics Companies To Watch

A laptop and tablet showing analytic reports.

Advances in data automation and artificial intelligence are changing the healthcare analytics landscape. Once a jungle of impenetrable and disorganized data, this arena is attracting innovative companies and client-centered software and platforms. As the cost of healthcare benefits grows in importance to employers and healthcare payers, having clear and accessible analyses has become a competitive advantage. Here, we look at six healthcare analytics companies that are raising the bar.

1. Xevant

Xevant helps large benefit management companies optimize the performance of all their clients. Xevant’s experts have been delivering healthcare client management, repricing, savings, and client optimization for over 25 years, gaining deep insight and broad experience. Bringing this accumulated knowledge together, this team converged under the Xevant name.

Why Xevant is a Company to Watch

Xevant is a top healthcare analytics company to watch because they focus on helping brokers, consultants, pharmacy benefits managers, health plan managers, and third-party administrators optimize their clients’ performances without compelling their account managers to become experts in medical, pharmacy, and lab benefits and claims.

Instead, the Xevant system manages and analyzes all of that data so that account managers can focus on helping clients, regardless of size. The Xevant system turns around these analyses daily, in near real-time, and makes them directly available to the client, flagging problems or market changes immediately.

In addition, Xevant’s daily data insights help benefits managers report opportunities for cost savings and improved patient care. When care delivery is time-sensitive, as it so often is, real-time healthcare data analytics can make all the difference.

Key features offered by Xevant include:

  • Real-time data analytics
  • Daily analysis of trends
  • More than 2,500 reports and visualizations from among 100+ different modules
  • Consolidated client reporting systems, increasing in staff and resource efficiency
  • Alerts to performance and accuracy issues through modules addressing cost and utilization (ScripLogic), financial performance and contract true-up (FinanceLogic), and clinical program optimization (ClinicalLogic)
  • Proprietary pricing methodology to simplify the process of repricing pharmacy claims through BidLogic
  • Lower prices than competitors
  • Extensive training and support opportunities

2. Benefitfocus

Using claims and enrollment data, Benefitfocus helps administrators and suppliers contain costs, build strategy, and understand consumers. Their AI-enabled architecture cuts costs of custom integrations, enhances data quality, and improves efficiency for their customers. Benefitfocus can customize the platform experience without the cost of specialized web development.

Why Benefitfocus is a Company to Watch

Benefitfocus collaborates with benefit managers to build strategies to reduce costs without compromising employees’ packages. They are able to simplify the benefit management workload by handling transactions for them.

Other notable features include:

  • A suite of employee communication and engagement resources
  • Health plan services supporting quoting, enrollment, invoicing and vetting of products
  • Support of brokers’ sales and implementation
  • Brings together consumers, employers, brokers, health plans, and product suppliers

3. Castlight

Castlight is a platform that is optimized for employee interface by offering apps that facilitate navigation of their healthcare options. Essentially, it enables personalized, consumer-grade access to benefits information and care options.

Why Castlight is a Company to Watch

The three apps offered by Castlight allows clients to choose how in-depth the healthcare and benefits information is and additional features built to guide employees toward better options.

More specifically:

Castlight Complete

  • Helps employees find, access, and use their benefits.
  • Is configurable and company-specific
  • Delivers tailored health recommendations, programs, and education

Care Guidance Navigator

  • Provides employees with the most relevant care providers, programs, and educational content
  • Equips employees with real price estimates to make cost-effective decisions
  • Analyzes medical claims, benefit designs, and provider quality to clarify provider cost

Wellbeing Navigator

  • Guides employees to the right resources at the right time
  • Sustains employee engagement through configurable rewards, wearables, social feeds and challenges
  • Integrates third-party vendors the employer already works with

4. MedeAnalytics

MedeAnalytics gives healthcare organizations the ability to customize analytics applications on their self-serve platform. They offer scalable solutions to uncover insights in ,financial management, operations, value-based care, and strategic planning. This enables leaders to make smarter decisions.

Why MedeAnalytics is a Company to Watch

Hospitals, managed care organizations, and public health agencies can create a customized platform through MedeAnalytics that fits their needs.

For any market they can:

  • Automate routine, repeatable data analysis
  • Posit “what if” scenarios and offer forecasting
  • Use algorithms to identify data clusters and anomalies

More specifically, for hospitals they offer strategic analyses in the areas of finance, operations, and clinics. By providing insights into reimbursement models MedeAnalytics can help ensure quality care for patients.

5. Springbuk

Springbuk utilizes insights that highlight specific and overall needs of employees for clients. Analysis of health management initiatives and their impact enables employers to make informed choices about measurements and direction.

Why Springbuk is a Company to Watch

Springbuk evaluates the impact of health management initiatives and transforms health data into strategic recommendations by offering services that:

  • Help to unify plans and results across a population
  • Store, aggregate, and report on data from a variety of sources, including medical, prescription, clinical, wellness vendors, biometric data and beyond
  • Create, download, and share reports
  • Allows users to keep track of actions they take to lower spending and improve population health
  • Deliver automated strategies and advanced trend exploration to help identify unexpected cost sources and forecast their impact on the business

6. Deerwalk

Deerwalk aims to help clients make better healthcare decisions through data interoperability. By curating a free flow of protected information, their goal is to improve the quality of care and reduce costs.

Why Deerwalk is a Company to Watch

Deerwalk can point out actionable insights and make savings recommendations through prescriptive analytics, as well as, identify wasteful, unnecessary medical utilization. They give companies the ability to gain complete visibility into the health and total cost of care of the population.

Other features include:

  • Risk stratification and adjustment for cost-driver identification and normalized comparisons
  • Identify gaps in care and risk triggers through quality measures
  • Measure the effectiveness and ROI of medical management, wellness initiatives, and onsite clinics
  • Track and monitor utilization and effectiveness of payer and provider networks
  • Identify compliance to preventative care, screenings, immunizations

Why Xevant Stands Out

It is little wonder that so many companies are focusing on this intersection of healthcare analytics and decision making. Whether you are an employer, insurer, consumer, provider, or vendor, everyone is scrambling to minimize costs while preserving quality. All of these healthcare analytics companies endeavor to provide clear and user-friendly data analyses as this can greatly facilitate decisions that are both strategic and wise.

However, in an impressive field Xevant stands out because of its unique capacity to provide real-time analyses. It is good to have data. It is better to automate data analysis. And that’s what Xevant provides.

Real-time data analytics for real-time decisions, because there is no time to lose. Protect your competitive advantage.

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Ashwin Patel

SVP, Data

Ashwin (Ash) has more than 20 years leadership experience in data warehousing and business intelligence practices within the healthcare sector. At Xevant, Ash leads the data and business intelligence teams and is responsible for future state expansion of Xevant data technology platforms and processes, partnering with the organization’s product teams to develop best-in-class products and solutions. Prior to Xevant, Ash was VP Business Intelligence for HealthSmart Benefit Solutions based in Irving, TX, a third-party administrator (TPA) of medical, pharmacy, and clinical data. Ash earned a Bachelor of Science degree in computer science and operations research from Leeds Becketts University in Leeds, England.

Sahily Paoline

Chief Pharmacy Officer

Sahily is a licensed pharmacist and expert business leader with more than 20 years of experience delivering high-quality clinical care, building and leading organizations, and staffing and motivating teams in the pharmaceutical and digital health industries. Sahily specializes in Clinical Program Management, Pharmacy Practice and Operations, and building and growing business. She is passionate about the use of data and technology in patient care and believes in a holistic approach to healthcare.

Megan Foster

Manager, People Operations

Todd Rode

VP, Revenue Operations

Todd served as an Artillery officer in the U.S. Army before a disability turned his focus to the business world. He’s carried a bag, led multiple sales operations and sales development efforts, and run a sales team in complex selling environments. The son of small business owners, Todd enjoys helping business leaders grow by using proven, repeatable processes. He holds a BS from the United States Military Academy at West Point and an MBA from the Kellogg School of Management at Northwestern University. Todd lives in Nashville with his wife. He spends as much time outside as possible and co-founded a brewery in 2019.  He’d love to tell you the full story over a pint sometime.

Marvin Roi Elvambuena

Software Development Manager

Marvin is responsible for all aspects of software development efforts at Xevant, including architecting and managing software solutions from the ground up. He brings with him a performance history of leading loosely defined enterprise software projects in rapid changing environments. He has previously worked in several industries such as HR solutions, insurance, shared services, and payroll and holds a BS in Information Technology with specialization in Web Development.

Greg Abram

VP Sales

Greg is a results-driven sales professional with more than 12 years of experience in the PBM and healthcare markets. As VP of Sales, Greg leads the Xevant sales team focused on growing revenue and expanding market reach. Prior to Xevant, Greg served in multiple leadership and growth positions with Myriad Genetics, Navitus Health Solutions, Catamaran, and CVS Caremark Corporation. Greg’s passion to create long-lasting, aligned partnerships has delivered tremendous value for PBMs, health plans, large purchasing groups, and fortune 500 organizations throughout the country.

Jaylyn Palmer

Chief of Staff

Jaylyn is a dynamic Chief of Staff who thrives on helping create workplaces that go beyond the ordinary to achieve a culture of belonging, empowerment, and improvement. Proving to be a culture ambassador, strategic advisor, and relationship builder, Jaylyn supports the organization with versatility and innovation. When she’s not wearing one of her many Xevant hats, you can find Jaylyn planning a party, attending live music and theater, or playing Dungeons and Dragons.

Jeff Weber

Chief People Officer

Jeff has extensive experience building and growing positive organizational culture that supports high performance, transparency, learning and growth. Jeff has implemented comprehensive talent strategy including talent acquisition, engagement, rewards, and recognition programs. Prior to Xevant, Jeff was the EVP People and Places at Instructure, a rapidly growing provider of the Canvas and Bridge learning management platforms focused on transforming online learning and employee development.Jeff also led the growth of the people function for Ancestry.com. Jeff holds an MBA with an emphasis in Organizational Behavior from Brigham Young University.

Scott Sorenson

Chief Technology Officer

Scott is an expert business leader with extensive experience scaling technology organizations. His experience includes technology leadership roles at Cedar Health Payment Solutions, Human Longevity, Inc., and 16 years at Ancestry where he was the Chief Technology Officer and played an integral role scaling the Ancestry family history business that hosts billions of historical records and serves millions of customers. He also led their technology organization as they transformed the business to include a world class consumer genomics product line. At Ancestry, Scott prepared the technology organization for an IPO and multiple PE transactions.

Daniel Telford

Director, Corporate Treasurer

Daniel is a financial professional with more than 15 years of financial and management experience. Having worked in multiple demanding roles including Business Banker, Licensed Investment Professional and Financial Center Manager, Daniel uses his experience to guide and inform his current role as Corporate Treasurer for Xevant. Daniel has led multiple complex cross-functional teams to sustained success in the financial services industry.

Griff McGee

Corporate Controller

Griffin is CPA and finance and accounting professional with more than 10 years’ experience in public accounting, internal audit, and consulting. Throughout his career Griffin has worked with clients to solve complex problems, improve and implement new processes and achieve public company readiness. Prior to joining Xevant, Griffin served in several audit and consulting roles with Protiviti, Change Healthcare, Genesco and Decosimo, CPAs.
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Gerrit Lemmen

VP, Rebates

Gerrit is an experienced leader in the PBM, Specialty and Formulary rebate markets. As VP of Rebates at Xevant, Gerrit is responsible for managing drug rebates through Xevant’s revolutionary pharmacy benefits platform. In his previous roles at Magellan Rx Management, Gerrit led highly respected commercial rebate operations teams and focused on increasing efficiency that enabled scalability and growth.

Mike Simmons

VP, Product Management

Mike is a true product champion & ambassador with 18+ years of experience in critical product launch, strategic branding, and delivering profitable campaigns that capture market share and create growth. His vision and skills for implementing integrated, high-impact, go-to-market strategies have proven to drive increased sales and an overall improvement of marketing programs. Mike’s ability to leverage business savvy in order to align management, data intelligence, and content management generate more informed business decisions resulting in enhanced revenue for progressive, enterprise organizations.

Laura Phillipson

VP, Client Experience

Laura Phillipson is a client management expert with experience managing client services teams. Her past roles include Sr. Client Services Executive for Navitus and over a decade of experience as a Certified Pharmacy Technician. Laura’s career in client relations spans nearly two decades. An avid sports fan, Laura excels in helping clients create a strong strategy with a competitive edge. Laura’s extensive background in both customer service and the medical field provides an ideal blend to lead client management for Xevant.

Chad Davis

Director, Compliance

Chad is a credentialed and strategic audit and compliance professional with more than 10 years’ experience assisting companies with achieving their business objectives through adept governance, compliance, and risk management. Prior to Xevant, Chad served in several auditing and accountant roles for Protiviti, Intermountain Healthcare, and First Data Corporation. He is a credentialed CISM and CISA and holds a BS in Accounting.

Erin Glenn

Director, Data Warehouse

Erin is 20-year data warehousing and business intelligence technology leader who has conceptualized, designed, and implemented ground-breaking data-centric technology solutions. She has solved big problems, delivered operational efficiencies, and increased productivity and cost savings throughout her career by delivering enterprise class data warehouses and business intelligence solutions.  Prior to Xevant, Erin served in multiple technology leadership positions with Hampton Roads Transit, MSN, The Port of Virginia, and Innova Systems. She holds a bachelor’s degree from the University of Hawaii.

Greg Heaps

Chief Marketing Officer

Greg is an expert marketer and innovative business builder specializing in launching and building high growth companies. As a founding member and on the leadership team of multiple venture backed tech startups, Greg has extensive experience in numerous markets including software services, health and medicine, commercial real estate, and consumer focused products. His primary motivation is driving demand and growth through an omni channel, go-to-market strategy. When Greg is not neck deep building an exhilarating business, he can often be found mountain biking, fly fishing, or carving deep powder on remote mountains.

Headshot of Jace Garfield, the Chief Technology Officer.

Jace Garfield

Chief Analytics Officer

Jason (Jace) Garfield, MSW has thrived in many industries ranging from data and information technology to foster care and mental health management. In his role with the Utah State Justice Commission, he helped publish medical research on drug effectiveness. Jason’s passion for technology and data automation paved the way towards innovations in identifying new to market drugs, tracking systems to identify clinical interventions, and data automations, resulting in millions in operational cost reductions. At Xevant, Jace leads every aspect of product operations and is responsible for a diverse team of technology experts.

Jason Hardin

Chief Revenue Officer

With 20+ years of sales and sales management experience in SaaS sales and professional services, Jason is a dynamic, performance driven leader with an exceptional record of achievement in motivating sales teams to exceed quotas, while ensuring client success.  Having led many organizations in the start-up, high growth, and emerging phases, Jason brings an entrepreneurial hunger to the sales, client success, and business development organizations with the ability to penetrate new markets, produce high growth sales results, achieve adoption and retention goals, and grow market share and revenue quickly.  

Jeff Lininger

President & COO

Jeff is the Chief Operating Officer at Xevant and is accountable for operational excellence at the company. Prior to joining Xevant, Jeff successfully applied his extensive, multidisciplinary expertise in building and scaling growth and service infrastructures within start-up, mid-market, and Fortune 500 technology and services companies. He has recruited and built new leadership and functional teams within operations, sales, marketing, product development, client success, finance, and HR. The success of these business transformations also contributed to a culture of increased accountability and empowerment, contributing to significant improvement in employee engagement and overall enhanced business performance. Jeff holds an MBA from Duke University’s Fuqua School of Business in North Carolina and a Bachelor’s Degree in Finance and Economics from Grove City College in Pennsylvania.

Headshot of Lindsay Jones, the Chief Financial Officer.

Lindsay Jones

Chief Financial Officer

Lindsay Jones, CPA, is a financial executive with experience in start-up companies & mature enterprises. He has a proven track record of helping, leading, and enhancing executive management teams. He has worked with private equity groups and private investors to identify, analyze, and close acquisitions and divestitures of companies. He has founded two startup companies, owned his own business, and closed over $500 million in private and public equity and debt financing, in his twenty-year career. 

Brandon Newman

Chief Executive Officer

Brandon has a dynamic, 25-year leadership career spearheading several businesses with emphasis on growth, revenue, and sales performance. He has run many high-growth environments, including start-ups, turnarounds, and $1B+ dollar businesses. As a serial entrepreneur, he has a proven record of founding new businesses and advancing them through growth and acquisition, merger, or roll-up including ScripPoint, Veridian, and AviaraMD. He is the driving force for vision, new market strategy, revenue growth, technology development, and partner alliances.