PBM DATA MODERNIZATION SERVICES | PRAXENT PHARMACY BENEFIT IT CONSULTING
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Our Perspective on Future-Proof  Data Strategies. 
Data is the backbone of modernization. A future-proof data strategy isn’t just about storage or access—it’s about creating reliable, scalable systems that power decision-making, operational efficiency, and innovation.
At Praxent, we focus on breaking down silos, enabling AI-ready environments, and embedding governance to ensure compliance. By integrating data into your business processes, we help you unlock its full potential.


Ben Bays
VP, Enterprise solutions, Praxent

Successful data strategies don’t start with big, sweeping changes—they start with small, focused improvements. Building momentum with manageable steps ensures long-term success and positions your organization for scalable growth.
Simplifying Data Complexity
PBMs often struggle to know where to begin with data modernization. From legacy systems to disparate sources, the path forward can seem overwhelming. Praxent simplifies the process with tailored strategies that prioritize business impact.
- Start with high-value opportunities like automating manual reports
- Use proven frameworks to centralize and organize data
- Leverage scalable governance for future growth


Data Centralization and Availability
Scattered, siloed data can cripple decision-making. Praxent helps you consolidate and make data readily available, empowering teams to access real-time insights for underwriting, claims, and customer service.
- Create unified views of policy and claims data
- Enable self-service analytics with accessible dashboards
- Build scalable, future-ready data architectures
Data Quality and Governance
Future-proofing data isn’t just about access—it’s about quality. Our experts embed governance and quality controls into your workflows, ensuring data is accurate, secure, and ready for compliance.
→ Cleanup and standardize data→ Establish robust governance frameworks
→ Standardize data processes across teams and systems


Automating Manual Reports
Manual reporting wastes time and stifles innovation. We help you automate these processes, freeing your teams to focus on high-value work while ensuring reports are accurate and timely.
- Build pipelines to automate recurring reports
- Eliminate manual data gathering and validation
- Deliver faster, more reliable insights to stakeholders
Data Strategy Assessment
Lay the foundation for a modern, efficient data strategy with a tailored assessment. Whether you’re addressing silos, improving governance, or enabling AI capabilities, our experts help you unlock the full potential of your data:
→ Evaluate data flows, silos, and governance practices→ Identify high-impact opportunities, like automating manual reports
→ Build a clear, actionable roadmap for modernization
→ Ensure data integrity, availability, and compliance

WHY PARTNER WITH PRAXENT
Why Partner with Praxent for Data?
When you need hands-on experts to solve complex data challenges—not just another framework.
Our data practice specializes in helping PBMs modernize and optimize their data strategies while reducing complexity. We focus exclusively on PBMs, delivering deep expertise in every engagement.

Meet Our Data Specialists

Ben Bays
VP, Enterprise Solutions

Kevin King
Technical Director

Mauricio Araya
Technical Director

Andrew Elster
Technical Director
✔ + 20 years average experience of our cloud specialists
✔ Data Centralization and Integration
✔ Data Governance and Compliance
✔ AI and Machine Learning Enablement
✔ Real-Time Analytics and Insights
Digital Transformation
            
          
                Launch new products to market and enhance your CX with best-in-class portals for employers, members, and pharmacies that drive conversion, self-service, and stickiness with our PBM product development services. 
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Future-Proof Architecture
            
          
                Embed agility with a modern, decoupled architecture. Our battle-tested architectural leaders specialize in PBM systems and can create or validate architectures for long-term validity and scalability.
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Cloud Enablement
            
          
                Unlock scalability and agility with a cloud-native, serverless transformation. Accelerate cloud adoption, optimize costs, and equip your team to leverage the full potential of the cloud. 
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Systems Integration
            
          
                Integrations are our speciality, build an integrated ecosystem that enables a seamless customer experience and a 360º view of your accounts with an API-led approach. 
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DevOps Enablement
            
          
                Accelerate delivery and improve reliability with optimized CI/CD pipelines, Infrastructure as Code, and embedded DevSecOps best practices tailored for PBMs. 
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Full-Stack Engineering
            
          
                Maximize sprint points delivered by deploying our bench of top-tier engineers with hands-on experience in PBM software development. 
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Development Acceleration
            
          
                Our engineering operating model practice works to identify and remove development bottlenecks, maximize reusability, and scale developer productivity. 
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Data silos, manual processes, and fragmented governance…these challenges quickly become overwhelming in the context of legacy systems and growing data demands.
Our battle-tested data specialists bring a panoramic perspective from a variety of successful PBM modernizations and configurations. We ensure your data solutions are not just cutting-edge but also realistic, maintainable, and aligned with your unique requirements.
We’ll help you get it right the first time.

We’ll help you get it right 
the first time. 
SPECIALIZED EXPERTISE IN DATA FOR PBM
The Praxent Difference: Specialized Expertise in Data for PBM
Our commitment to quality goes far beyond technology. We’re not a global consulting conglomerate; we’re a boutique team of experts in financial technology with a sharp focus on PBM. 
🞪 No one-size-fits-all frameworks, 🞪 no two-year contracts, 🞪 no mass out-sourcing to teams outside your time zones, 🞪 and no fresh graduates. Just a targeted team with hands-on experience dedicated to solving your problems.
Our goal is to leave your team better than when we started. Think of us as part of your team. Everyone else does. 

Bringing our technology systems in-house and enhancing our code stack will enable us to boost efficiencies and improve the borrower and partner experience. Praxent’s highly skilled engineers have been responsive, reliable, and highly capable, providing valuable guidance and support along the way. With all that we have gained from working with Praxent as they’ve modernized our technology system, our team will be able to more effectively manage, update, and improve our technology moving forward. Joshua D. Whitley, Chief Information Officer at Triad.
Thoughts from our PBM Modernization Experts:
When PBM Portals Work for Everyone: A Member-First Transformation
Transform your PBM member portal with a member-first design. Boost adoption, cut support costs, and improve client satisfaction.
PBMI 2025: How Member Expectations Are Rewriting the PBM Playbook
PBMI 2025 showed the future of PBMs—flexible, digital-first, and centered on member needs. Learn what leaders must do to succeed in 2026.
90-Day Deadline: Is Your PBM Platform Ready for Real-Time Transparency?
How to meet ERISA's October 12, 2025, transparency deadline with a PBM platform that delivers real-time revenue tracking, audit trails, and automated reporting.
3 Executive Orders Reshape the PBM Regulatory Reality in Just Four Months
The PBM regulatory reality has seen drastic changes in 4 months. Learn why transparency and platform modernization are now essential for compliance.
Automated Governance for PBM IT Leaders: Enforcing Standards & Mitigating Debt
Explore tools to automate governance in insurance for architecture, cloud, and data strategies, reducing technical debt and ensuring seamless compliance.
Avoiding the Hybrid Trap: Tackling Complexity in Hybrid Cloud PBM Architectures
Simplify hybrid cloud insurance architecture. Discover how unified management, automation, and integration reduce complexity and drive results.
Building Evolutionary APIs: Best Practices for Scalable, Resilient Microservices
Discover best practices for building evolutionary APIs to ensure scalable, resilient microservices. Learn strategies for API governance, decoupling, and deploym…
Lighthouse POCs: A Smarter Approach to PBM Modernization
Learn how Lighthouse POCs streamline insurance modernization by validating strategies, delivering value, and scaling success with proven practices.
The Growing Threat of Technical Debt in Modern PBM Technology
Learn to manage technical debt in insurance tech with strategies to reduce risk, improve scalability, and enhance system performance.
How a Microservices Assessment Rescued a Struggling Modernization Initiative
Learn how a microservices assessment saved a failing insurance modernization initiative. Discover lessons on technical debt, team alignment, and scalability.
5 Strategic Priorities for PBM CIOs and CTOs in 2025
Discover the 5 strategic priorities for PBM CIOs and CTOs in 2025, from AI automation to hybrid cloud strategies. Stay ahead in modernization!
Why Vertical Slice Architecture is the Key to Modernizing PBM Systems
Learn how vertical slice architecture transforms PBM systems—reducing complexity, speeding launches, and enhancing agility in modernization.

 
              
             
              
             
              
             
              
             
              
             
              
             
              
             
              
             
              
             
              
            