Exela Receives Star Performer Designation in Everest Group’s PEAK Matrix for Revenue Cycle Management (RCM) Operations
September 30 2020 - 3:02PM
Exela Technologies, Inc. (“Exela”) (NASDAQ: XELA) today announced
that it was recently named a Major Contender and given a Star
Performer designation in Everest Group‘s PEAK Matrix for Revenue
Cycle Management (RCM) Operations.1 According to Everest Group,
multiple Exela wins in 2019 accounted for one of the highest client
growth shares in the market.
Everest Group’s report notes that Exela grew at a rate much
higher than the rest of the industry, due to its large market
penetration and unique platform solution, PCH Global.
“The complex, niche, and domain-intensive nature of some
mid-office RCM processes limits healthcare providers’ sourcing
options,” said Manu Aggarwal, Vice President, Everest Group. “By
supplementing its legacy coding, auditing, and consulting
capabilities with proprietary automation and analytics solutions,
Exela Technologies is well positioned to address this challenge.
Additionally, Exela facilitates an optimal claims management and
collections process by enabling a connected ecosystem through its
PCH Global solution.”
“Strengthening our position in the RCM market has been a focus
for our team, and we’re proud to be recognized by Everest Group for
our efforts,” said Suresh Yannamani, President, Exela. “The growth
shows that our go-to-market strategy in the RCM market, combining
our strategic partnerships and unique technology solutions, is
showing dividends.”
Exela’s strategic partnerships in the RCM space, in addition to
its burgeoning stable of solutions across the healthcare value
chain, places the organization in a prime position to continue its
recent success.
1Everest Group is an industry-leading consulting and research
firm focused on strategic IT, business process, and engineering,
and its Star Performer designation showcases providers that
demonstrated the strongest forward and upward movement on the PEAK
Matrix.
About Exela Technologies
Exela 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 21,000
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, the
estimated or anticipated future results and benefits of the
Business Combination, future opportunities for the combined
company, 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 most recently filed Annual Report on
Form-10-K filed with the Securities and Exchange Commission. 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.
Find out more at www.exelatech.comFollow Exela on LinkedIn:
https://www.linkedin.com/company/exela-technologies/Follow Exela on
Twitter: https://twitter.com/exelatech
Media Contact: Kevin
McLaughlinE:
kevin.mclaughlin@icrinc.comT: 646-277-1234
Investor Contact: William
MainaE: IR@exelatech.comT:
646-277-1236
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