Xevant and NFP Announce Partnership Extension to Lead Industry in Data Transparency
DRAPER, Utah, March 2, 2021 /PRNewswire-PRWeb/ — Xevant, a leading provider of pharmacy analytics and automation solutions, and NFP, a leading insurance broker and consultant that provides property and casualty (P&C), corporate benefits, retirement and individual solutions, today announced the extension of their strategic multi-year partnership. The companies are collaborating to accelerate the use of pharmacy analytics and automation to drive down the cost of pharmacy benefits for NFP clients. Xevant and NFP will continue to advance innovative, big data solutions that represent meaningful value in overcoming dynamic challenges in pharmacy benefits.
The joint effort of NFP and Xevant has led to the creation of innovative, industry-leading solutions that reduce client pharmacy benefits cost by 9%-15% on average. TrendLogic, developed in partnership with NFP, is a new data-centric strategy to delineate the core drivers of pharmacy cost, address issues, and create prescriptive opportunities to reduce pharmacy benefits cost. Designed to help all benefits payers better identify and manage the core drivers of pharmacy cost, the deployment of TrendLogic demonstrates the positive results of the cutting-edge collaborative work of Xevant and NFP.
“We are thrilled to extend our partnership with NFP and their Rx Solutions Group,” said Brandon Newman, CEO of Xevant. “We look forward to leveraging what we’ve learned from the past three years to provide innovative solutions, like TrendLogic, that unlock more insights and cost savings for all pharmacy benefits industry stakeholders.”
“Rising pharmacy costs, and uncertainty on how to address it, continue to be a significant challenge for employers,” said David Lee, Rx Solutions Group president at NFP. “Our partnership with Xevant continues to provide custom solutions with the transparency and actionable data points needed to help our clients manage the rising costs of prescription drugs. We look forward to continuing our momentum and providing insights that lower the cost of prescription medications for our employers and their members.”
About Xevant:
Xevant empowers stakeholders of pharmacy benefits with the industry’s most trusted analytics & automation platform that automates, evaluates & assimilates pharmacy records and data in near real-time producing timely, actionable strategies. This results in reduced operating costs, optimized business processes, and improved patient outcomes.
For more information about how Xevant helps its customers deliver faster, more accurate results visit http://www.xevant.com. You can also follow Xevant on LinkedIn.
About NFP:
NFP is a leading insurance broker and consultant providing specialized property and casualty, corporate benefits, retirement, and individual solutions through its licensed subsidiaries and affiliates. NFP enables client success through the expertise of over 5,800 global employees, investments in innovative technologies, and enduring relationships with highly rated insurers, vendors, and financial institutions. NFP is the 5th largest benefits broker by global revenue, 5th best place to work in insurance and 6th largest US-based privately owned broker (Business Insurance); 9th commercial lines agency by P&C commercial lines revenue and 10th largest property and casualty agency (Insurance Journal); and 12th largest global insurance broker (Best’s Review).
Visit NFP.com to discover how NFP empowers clients to meet their goals.
Media Contact
Greg Heaps, Xevant, +1 801-634-5717, Greg.Heaps@xevant.com
SOURCE Xevant
