tpa

Xevant: Optimizing Your TPA-Branded Solution

Automated Insights. Optimized Performance.

Xevant was founded to bring unmatched pharmacy data analytics to the marketplace with the development and launch of its X4 platform, unprecedented in its scope and depth. Xevant’s co-founders and staff have over 150 years’ combined experience in the PBM space. Xevant empowers TPAs to reduce costs for clients with real-time insights, including:
  • A first-of-its-kind and ever-expanding pharmacy data analytics platform
  • 12 modules, 300 dashboards, over 3,500 individual reports
  • Real-time automated analytics with a user-branded interface allow for optimized business practices, reduced operating & drug costs, improved patient outcomes

TPAs are vital to healthcare. Xevant is vital to TPAs.

Pharmacy being a big driver of health care costs in the U.S., a TPA can spend significant time and effort in solving PBM challenges:

  • Multiple PBM relationships with multiple clients
  • Numerous sources of reporting in varied formats, quality, and availability
  • Inconsistent depth of analyses lacking relevant information
  • Untimely and inconsistent analyses and reporting from PBM account teams
  • Poor budget allocation leads to lost opportunities, waste, and inefficient client management
  • Maximizing value of RFP responses with varied sources of data and pricing models
  • Monitoring contract performance with incomplete views of the data
  • Overseeing rebate performance transparency

Xevant delivers on its PBM promise – “Bad News Early Is Good News” Identifying problem areas today translates to good stewardship of the plan, savings of time, savings of cost, and client goodwill

Automated Reporting and Forecasting

Data requires reliability and speed to quickly bring critical concerns to the surface. Xevant is completely customizable for TPAs and consolidates data from multiple sources for faster data analysis.

  • Immediately avoid problems at the patient, group, or overall plan level, now.
  • Identify escalating issues through automated alerts in time to act
  • Ditch the “look back” model; savings/cost avoidance for TPA clients is visualized real-time
  • Get instant alerts when performance falls above or below customized “performance zones”
  • With Xevant, immediate intervention has resulted in improved member health, reduced client and analytics cost, and reduced clinical oversight, by addressing issues as they occur
“Thanks to Xevant, we have the ability to monitor, report and act on PBM and vendor performance in greater detail and scale than ever before."
Clare Hunter, Clinical Account Executive

Rebate Optimization and Transparency

Xevant instantly identifies opportunities to effectively manage utilization, ensure optimal formulary adherence, and maximize rebate value. TPAs can account for costs down to the penny, and reduce/eliminate fees in the rebate supply chain, auditable at the NDC level.

Magnify the TPA Sentry Effect

TPAs can audit retail network performance in a fraction of the time with Xevant. Instantly audit any set of live or test claims data to validate adjudicated results vs. expected outcomes. We make it easier to assess contract performance and compare metrics against benchmarks.

Automated Pharmacy Claim Repricing and Savings Analyses

  • Reprice pharmacy claims and generate savings analyses in minutes.
  • Infinite pricing scenarios embedded in Xevant
  • Access to an automated pricing tool
  • Maximize your underwriting staff’s ability to manage risk, calculate margin, and retain and secure additional TPA business

Expert Pharmacy Analysis

Along with insight into claims data, Xevant’s team of industry pharmacy professionals can assist with timely action to prevent future claims problems today.

Powerful Pharmacy Trend Analysis

Xevant provides TPAs with tools to identify primary sources of cost increases such as PBM discounts, drug inflation, drug mix, utilizer changes, and intensity. TPAs can quickly pinpoint the main causes of increases to pharmacy claims costs allowing them to focus their efforts more efficiently.

Better Client Management Now

  • Xevant automates time-consuming requirements – boost your client satisfaction and retention
  • Reviews, claims management, member research, and clinical management are addressed in minutes instead of weeks or months.
  • With a click of a button, generate and export client-ready plan reviews into a PDF or PowerPoint, ready to share immediately

The Xevant platform is helping tpas today

Xevant has had a significant impact for our health plan partners. Examples include:

Employer & Member Savings

With a 15% reduction in member costs from high-cost specialty drugs

Administrator ROI (auditable 12:1 on savings v. costs)

5,000 total hours conserved per quarter on Plan Review prep

Average Reduction in Claims Costs (3%)

Optimizing PBM contracts guarantees and performance in real-time

Instant Plan Reviews (saved 119 days v. traditional process)

Xevant gives you the power of a real-time plan review without waiting 8-12 weeks for PBMs and can generate a complete annual or quarterly report in just 18 seconds

Overall Plan Savings (9%)

9% plan cost reduction without making changes to benefits plan.

$1 million total savings on average per Plan Review per million.

Ready to get started?
Try Xevant now or book a demo.