Exela Technologies Further Expands Relationship with Large Healthcare Member Engagement Leader
September 28 2022 - 8:00AM
Exela Technologies, Inc. (“Exela” or “the Company”)
(NASDAQ: XELA, XELAP), today announced an expanded strategic
partnership to utilize Exela’s technology and operations solutions
valued at total contract value of ~$8 million. The win is part of
the Healthcare Solutions business which generated $218 million in
revenue in 2021.
The company’s solution utilizes PCH Global to enhance consumer
engagement, drive preventative care and improve the health care
user experience. Exela continues to be on the forefront of
healthcare technology including advances in robotic process
automation, engagement optimization and machine learning. The
partnership connects members in many healthcare organizations,
health insurers and US government programs.
Exela continues to invest in expanding PCH Global
capabilities to provide a cloud hosted solution for communication
between a growing number of constituents in the healthcare
industry. This expansion of the deployment marks another milestone
in the value proposition of PCH Global in healthcare to digitally
connect members, providers and insurance companies for member
engagement, care coordination and cost of care management.
“In q4 of 2021, we deployed PCH Global for our customer and we
are proud to announce that after a successful engagement we will be
offering more solutions to that customer enabling additional
network effects of the platform for all PCH Global participants,”
said Suresh Yannamani, CEO of Exela Technologies BPA, LLC.
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 approximately 17,000 employees operating in
21 countries, Exela rapidly deploys integrated technology
and operations as an end-to-end digital journey partner.
For more Exela news, commentary, and industry
perspectives,
visit: https://investors.exelatech.com/
And please follow us on
social:Twitter: https://twitter.com/exelatechLinkedIn: https://www.linkedin.com/company/exela-technologiesFacebook: 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.
Forward-Looking StatementsCertain 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