Xevant

Top PBM Trends to Watch in 2025 The PBM industry is undergoing rapid transformation. In our latest blog, we explore four key trends reshaping the landscape: ✔️ Transparent PBM Models: Meeting the demand for accountability and clear pricing. ✔️ GLP-1 Therapies: Managing costs and access to groundbreaking treatments for diabetes and obesity. ✔️ Biosimilars: Disrupting markets with cost-effective alternatives. ✔️ Gene Therapies: Balancing affordability with the promise of life-changing treatments. Dive into the full analysis to see how these trends are shaping the future of healthcare: https://lnkd.in/gXzAxdCj

A huge congratulations to Cody Hatch, our X Award winner for November! As both a leader and a friend, Cody consistently goes above and beyond to ensure his colleagues thrive, professionally and personally. Whether he’s helping his team achieve their goals, delivering innovative solutions, or fostering camaraderie, Cody truly embodies our core values. Here’s what his teammates had to say: 💬 “Cody’s commitment to his team is unparalleled. He continually helps his colleagues become their best selves and brings the energy our team needs to thrive.” 💬 “Cody IS innovation. He’s always quick to find ways to improve processes and make things better while ensuring we all have fun.” Cody, thank you for your leadership, creativity, and unwavering support! #WETHRIVE #WEDELIVER #WECARE

Happy Thanksgiving! This season, we’re grateful for our incredible team, valued partners, and the opportunity to make a positive impact together. For those who celebrate, may your holiday be filled with joy, gratitude, and time spent with loved ones.

Annual plan reviews are just around the corner and PBMs and consultants are gearing up for these essential discussions. If you want to go beyond the basics and truly impress your clients, we’ve got you covered. Check out our quick guide to mastering these critical conversations. It includes tips on: ✔️ Crafting a compelling, data-driven narrative ✔️ Proactively uncovering opportunities to optimize benefits ✔️ Automating reports and presentations to save time and money

🎉 Huge congratulations to Whitney Greene for receiving Xevant's X Award for October! 🎉 Whitney has not only excelled in her transition to the rebates team but she’s also stepped up to take on additional responsibilities, embodying our core values of #WECARE and #WEDELIVER. Her willingness to jump in, help out, and ease the load on her team – all while keeping a positive attitude – has made a meaningful impact and elevated the team's work. Thank you, Whitney, for your dedication and excellence!

📢 Big News from Xevant! 📢 We're excited to introduce AI-powered enhancements to our automated analytics platform, designed to transform how healthcare data is ingested and standardized. This means faster, smarter, and more efficient decision-making for PBM stakeholders. Here’s how Xevant’s AI capabilities make a difference: ✔️ Automated Data Ingestion: Reduce time spent on data integration by up to 65%. ✔️ Enhanced Real-Time Insights: AI autonomously standardizes data across formats, unlocking immediate, actionable insights. ✔️ Reinforcement Learning: Our AI continuously improves by learning from each interaction, ensuring accuracy and efficiency. Dive into the full press release to see how Xevant’s innovations are reshaping pharmacy benefits management: https://lnkd.in/gCXZ9xUV

This Veterans Day, we honor the courage and dedication of those who have served our country. Today and every day, we're grateful for your service and sacrifice. Happy Veterans Day!

Prescription drug costs keep rising, putting pressure on employers and health plan sponsors. In our latest blog, we explore how pharmacy carve-out plans are a powerful strategy for managing these costs through flexibility, transparency, and savings. Highlights: ➡️ What is a Carve-Out Plan? Learn how separating pharmacy benefits from health plans allows employers better control. ➡️ Key Features and Benefits: Discover how direct PBM partnerships offer expert oversight, transparency, and more effective cost management. ➡️ Why Employers Choose Carve-Out Plans: See how carve-out models help address specialty drug costs and provide valuable data insights. Read the full blog to learn more: https://lnkd.in/ghJVaZDG

The pharmacy benefit management industry is filled with specialized terminology that can be challenging to navigate. To help explain some of the key concepts and terms used in this field, we created a new comprehensive glossary on our website.   Each industry term is briefly defined – with certain terms linked to more detailed explanations where available – making it easier to grasp the intricacies of PBMs and their role in healthcare. Check it out here: https://lnkd.in/gCrxs8g9

With specialty drugs making up over 50% of pharmacy spending but used by less than 2% of the population, the financial burden on plan sponsors is immense. Across our client base, the average plan cost per specialty prescription is a staggering $6,700—compared to just $106 for non-specialty drugs. That’s where Pharmacy Benefit Managers (PBMs) come in. PBMs not only help control costs through strategies like formulary management, rebate negotiations, and real-time analytics, but they also play a vital role in patient care. By offering clinical oversight and supporting adherence, PBMs help ensure patients receive the treatment they need safely and effectively. Want to learn more about how PBMs optimize both costs and care in specialty pharmacy management? Check out our latest blog: https://lnkd.in/gPd3wG3b