Listen to this articleBelow is our recent interview with Greg Heaps, Marketing Director at Xevant:
Q: Could you provide our readers with a brief introduction to your company?
A: We are big believers that the best solutions to today’s problems are most often recycled past solutions using a lens of innovation and applying today’s resources. Healthcare is a $4 trillion business with 25% considered wasteful. Historic approaches to eliminate waste within healthcare has required a massive amount of time and resources to run and analyze reporting by the end-customer to hopefully reduce wasteful spending by 1%-3%, months to years after wasteful costs have already incurred. Our “Big Idea” isn’t necessarily groundbreaking but simply utilizes new technology and processes to achieve greater results with fewer resources and in less time. To that end, we’ve built a revolutionary analytics platform that infuses automation and alerting throughout the data analysis process and then reviews and analyze billions of healthcare events and transactions to instantly identify wasteful spending in real-time. The result is a much greater reduction of healthcare waste creating greater affordability, accessibility, and availability of healthcare to all US citizens. It’s a goal we can all align with.
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Q: Any highlights on your recent announcement?
A: The Great Place to Work Certification is based entirely on what current employees say about their experience working at Xevant. This year, 100 percent of our employees said it’s a great place to work—41 percent higher than the average US company. We were thrilled when we learned our team was united and that all of them responded in the affirmative. In the end, we work hard to cultivate an environment that’s inclusive, communicative, and employee driven. Our team has been vital to our rapid and continued growth. We’re truly humbled that they chose to lend their expertise and time to Xevant.”
Q: Can you give us more insights into your offering?
A: Most organizations that manage pharmacy benefits are heavily dependent upon lengthy and labor-intensive data aggregation, report processing and analysis hoping to uncover significant client and patient insights. Xevant’s revolutionary pharmacy benefits platform infuses real-time automation throughout the data analysis process accelerating and simplifying the painstaking task of report building for PBMs, TPAs, Health Plans, and Brokers. Automated alerts monitor plan performance and notify users of where to take action. Critical pharmacy analysis that took weeks, months or more can now be done instantly. The results are optimized business processes, reduced operating costs, and improved patient outcomes.
Q: What can we expect from your company in next 6 months? What are your plans?
A: As we eliminate the extensive time and resources required to manage healthcare costs, we will begin to whittle away at the $1 trillion in current wasteful spending. We will begin to see a largely broken US healthcare system start to see signs of improvement. Reduction in cost yields greater healthcare affordability, accessibility, and availability. This self-perpetuating cycle of improving cost and quality has the ability to drive up overall individual health, which in-turn helps further improve the healthcare system. The only way to truly save our healthcare system is to make it more affordable, accessible, and available. Xevant and our team of passionate industry leaders make that our daily commitment.
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Q: What is the best thing about your company that people might not know about?
A: Our mantra is “People before Profits”. We have heavily invested our time, money, resources, and heart into every talented and diverse employee that comes to Xevant each day ready to contribute their talent, expertise, and commitment towards reducing the cost of healthcare and improving patient outcomes. Although Xevant has created an incredibly robust automated platform that helps our clients to reduce cost by 15%, tomorrow they will need something more. It’s only through our People that we can deliver that future need that has an exponential value attached. That’s truly the real product we provide, and I couldn’t be prouder to pitch that value to whomever is interested.
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