1638 Access to Better Healthcare with Xevants Brandon Newman
In this episode of the Thoughtful Entrepreneur, your host Josh Elledge speaks to the Chief Executive Officer and Founder of Xevant, Brandon Newman.\n\nBrandon Newman shared the challenges he faced when trying to afford his medications while providing for his family. He pointed out that around 10-15% of Americans struggle with the high costs of diabetes medications. He emphasized the importance of automation and real-time analysis in identifying opportunities to reduce costs and prevent the industry from breaking.\n\nBrandon shed light on the complexities of the healthcare industry, the escalating costs of medications, and the urgent need for affordable healthcare. He explained that Xevant's primary focus is to optimize pharmacy benefits for large healthcare companies. While this may not sound particularly thrilling, it's a critical aspect of healthcare dealing with trends, expenses, and drug access.\n\nXevant's mission is to help consumers reduce costs by providing access to lower-cost drugs, appropriate medications, and hidden benefits like rebates. They collaborate with employers, pharmacy benefit managers, health plans, and consultants to navigate the labyrinth of pharmacy benefits and optimize costs for the end payer.\n\nBrandon highlighted that the healthcare industry is shifting towards the pharmacy as the focal point, with high-cost specialty drugs and personalized drug development becoming more prevalent. Xevant is at the forefront of this shift, combining innovation and automation to provide real-time analysis and help patients find the most cost-effective and suitable medications.\n\nThe importance of access to affordable healthcare cannot be overstated, as it directly impacts people's health and quality of life. Brandon's experience with a health diagnosis fueled his motivation to create Savant and improve access to medication and healthcare.\n\n \nKey Points from the Episode:\n
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- Explanation of what Xevant does as a data analytics company \n \t
- Importance of pharmacy benefits in healthcare and the need for optimization \n \t
- Xevant's goal of reducing costs and providing access to lower-cost drugs \n \t
- Collaboration with employers, pharmacy benefit managers, health plans, and consultants \n \t
- Shifting focus of the healthcare industry towards pharmacy and specialty drugs \n \t
- Use of innovation and automation for real-time analysis and cost-effective medications \n \t
- Personal motivation behind creating Xevant and improving access to healthcare \n \t
- Challenges faced by Americans in affording medications, particularly for diabetes \n
\n \nAbout Brandon Newman:\nBrandon Newman is a dynamic leader with over 25 years of experience spearheading businesses focused on growth, revenue, and sales performance. He has excelled in diverse environments, from startups to turnarounds, and has successfully managed businesses worth over $1 billion. As a serial entrepreneur, he boasts a proven track record of establishing and propelling new ventures to success through acquisitions, mergers, or roll-ups, as seen with ScripPoint, Veridian, and AviaraMD.\n\nNotably, Brandon Newman is the driving force behind Xevant, where he leads the company's vision, devises new market strategies, fosters revenue growth, oversees technology development, and forms strategic partnerships. His expertise and leadership have been pivotal in the company's continuous expansion and innovation.\n\nWith his wealth of experience and accomplishments, Brandon Newman remains a prominent figure in the business world, inspiring and influencing growth in...