Exela Technologies Expands PCH Global Cloud Solution with Leading Healthcare Insurer
September 13 2021 - 8:30AM
Exela Technologies, Inc. (“Exela” or “the Company”)
(NASDAQ: XELA), a global business process automation leader,
today announced an expansion with one of the largest insurance
carriers in the country. This expansion highlights the Company’s
ability to rapidly implement PCH Global for claims submitted by
providers, in this case servicing members that are from low income
and disadvantaged communities across America.
Exela continues to invest in expanding PCH Global’s capabilities
to provide a cloud hosted solution with one of the best edit
resolutions for healthcare claims. This extension of deployment
marks another milestone in the value proposition of the PCH Global
platform to digitally connect members, providers and insurance
companies for clean claims, payment transparency and digital
appeals. Additionally, this expansion further augments an existing
$180 million Total Contract Value (TCV) relationship.
Exela President Suresh Yannamani noted “This expansion is an
excellent example of Exela gaining market share while providing
flexible and rapidly deployable solutions to our customers. We are
privileged to expand our longstanding partnership to support our
customer’s growing business unit. Similarly, we are thankful to
play our part in a healthcare system helping those in the greatest
need and most vulnerable among us.”
PCH Global’s cloud network offers increased scalability, the
highest uptime and best business continuity protections.
Additionally, PCH Global includes improved data analytics and can
be accessed via a self-service model.
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About Exela
Technologies
Exela Technologies is a business process
automation (BPA) leader, leveraging a global footprint and
proprietary technology to provide digital transformation solutions
enhancing quality, productivity, and end-user experience. With
decades of experience operating mission-critical
processes, Exela serves a growing roster of more than
4,000 customers throughout 50 countries, including over 60% of the
Fortune® 100. Utilizing foundational technologies spanning
information management, workflow automation, and integrated
communications, Exela’s software and services include
multi-industry, departmental solution suites addressing finance and
accounting, human capital management, and legal management, as well
as industry-specific solutions for banking, healthcare, insurance,
and the public sector. Through cloud-enabled platforms, built on a
configurable stack of automation modules, and over 18,000 employees
operating in 23 countries, Exela rapidly deploys
integrated technology and operations as an end-to-end digital
journey partner
Forward-Looking Statements
Certain statements included in this press
release are not historical facts but are forward-looking statements
for purposes of the safe harbor provisions under The Private
Securities Litigation Reform Act of 1995. Forward-looking
statements generally are accompanied by words such as "may",
"should", "would", "plan", "intend", "anticipate", "believe",
"estimate", "predict", "potential", "seem", "seek", "continue",
"future", "will", "expect", "outlook" or other similar words,
phrases or expressions. These forward-looking statements include
statements regarding our industry, future events, estimated or
anticipated future results and benefits, future opportunities
for Exela, and other statements that are not historical facts.
These statements are based on the current expectations
of Exela management and are not predictions of actual
performance. These statements are subject to a number of risks and
uncertainties, including without limitation those discussed under
the heading "Risk Factors" in Exela's Annual Report and
other securities filings. In addition, forward-looking statements
provide Exela's expectations, plans or forecasts of
future events and views as of the date of this
communication. Exela anticipates that subsequent events
and developments will cause Exela's assessments to
change. These forward-looking statements should not be relied upon
as representing Exela's assessments as of any date
subsequent to the date of this press release.
Investor and/or Media Contacts:
Vincent
KondaveetiE: vincent.kondaveeti@exelatech.com T:
929-620-1849
Mary Beth
BenjaminE: IR@exelatech.com T:
646-277-1216
Source: Exela Technologies, Inc.
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