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Prescription drugs in the United States on average cost around 2.5 times more than those same drugs do in other Western countries, according to a new report from the nonprofit, nonpartisan research organization, RAND Corporation.

Xevant is an Analytics and Automation technology solutions provider focused on reducing the cost of healthcare and improving patient outcomes. We enable healthcare payers, health plans, TPAs, PBMs, consultants, and brokers to deliver better insights and analytics to their end customers through a robust suite of data automation.

Employers are alerted in real time when prescription drug prices skyrocket, thanks to a partnership between Mercer and a Utah-based PBM analytics company called Xevant. Data analytics provided by Mercer and Xevant — made available at the start of this year — will help employers audit their health plans for cost efficiency.