Xevant, a Lehi, Utah-based leader and creator of automated data analytics for organizations managing pharmacy benefits, completed a new investment round with HCAP Partners.
The amount of the deal was not disclosed.
The company intends to use the funds to expand its business reach.
Led by Brandon Newman, CEO, Xevant provides a independent pharmacy analytics platform that offers pharmacy benefit managers, payers, hospitals, and consultants customized solutions, resulting in lower drug costs and optimized performance and efficiencies. It infuses real-time automation and alerts throughout the data analysis process accelerating and simplifying the task of report building for PBMs, TPAs, Health Plans, Brokers, and Consultants. With Xevant, critical pharmacy analysis can now be done instantly. The results are optimized business processes, reduced operating costs, and improved patient outcomes.