Exela Technologies Expands Relationship with a Leading Health Maintenance Organization (HMO)
October 15 2021 - 12:04PM
Exela Technologies, Inc. (“Exela” or “the Company”)
(NASDAQ: XELA), a global business process automation leader,
today announced an expansion with a leading Medicare Advantage HMO.
This expansion highlights the continued demand for Exela’s DMR
platform to facilitate digital communication. Exela’s DMR is an
end-to-end document management system that digitizes mail and other
documents to create searchable, shareable digital assets that can
be automatically routed to individual or group recipients, fully
tracked, and made accessible via a secure web-based portal, from
anywhere at any time. The DMR platform leverages Intelligent
Document Processing (IDP) to significantly improve efficiency and
accelerate digital transformation for HMO’s business communication
with its 200,000 members.
DMR rollout for enterprise customers further augments the
existing SMB launch in several countries and highlights the demand
for and value of Exela’s solutions. Customers across the globe are
seeking a solution to the operational challenges brought on by the
COVID-19 pandemic.
“We are privileged to expand our longstanding partnership with
this HMO with the addition of our industry leading DMR solutions
suite. This deployment will digitally connect members and providers
with the HMO to reduce cycle time and improve customer service“
said Suresh Yannamani, President of Exela Technologies.
For more Exela news, commentary, and industry
perspectives,
visit: https://investors.exelatech.com/
And please follow us on social:
Twitter: https://twitter.com/exelatech
LinkedIn: https://www.linkedin.com/company/exela-technologies
Facebook: https://www.facebook.com/exelatechnologies/
Instagram: https://www.instagram.com/exelatechnologies
The information posted on the Company's website and/or via its
social media accounts may be deemed material to investors.
Accordingly, investors, media and others interested in the Company
should monitor the Company's website and its social media accounts
in addition to the Company's press releases, SEC filings
and public conference calls and webcasts.
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
Mary Beth BenjaminE: IR@exelatech.com
Exela Technologies (NASDAQ:XELA)
Historical Stock Chart
From Mar 2024 to Apr 2024
Exela Technologies (NASDAQ:XELA)
Historical Stock Chart
From Apr 2023 to Apr 2024