LexiCode Debuts New Computer Assisted Auditing Tool
August 27 2020 - 8:05AM
LexiCode, an Exela Technologies, Inc. (“Exela”) (NASDAQ: XELA)
brand, today announced the availability of its LexiCode Audit
Database (LAD) analytics tool, a web-based solution created to add
value and efficiency to LexiCode’s audit process. As data is
entered in real time, the system continuously monitors and creates
accuracy ratings to increase quality and transparency by tracking
all elements of the coding process. The solution serves as a
differentiator for LexiCode in the coding process by automating the
accuracy calculations in addition to generating daily feedback
summaries for the coders.
The solution takes the audit trail a step further than coding by
helping the audit team determine what errors are occurring, what
pain points clients are experiencing, and allowing LexiCode to
provide customers with data-driven feedback. From this data,
LexiCode can build a custom solution that covers all record types,
helping customers maintain compliance and providing visibility.
“We’re incredibly proud of LAD and the analytics that we’re able
to generate for our customers and our coders,” said Amy Boozer,
President, LexiCode. “Our coders and consultants work tirelessly to
ensure that our coding services are high quality, and this tool
helps provide them with the feedback used to develop customized
education modules.”
LexiCode’s quality assurance team tracks over 660,000 accounts
in its database each year and coded over 16.5 million records in
2019. The LAD reporting tool helps monitor the overall accuracy of
these records, and creates a process to review and
trend specific areas of coding needed to provide tailored
education to LexiCode’s approximately 1,400 coders and
consultants.
About Exela TechnologiesExela 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. With
foundational technologies spanning information management, workflow
automation, and integrated communications, Exela’s software and
services include multi-industry department 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.com Follow 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.com
T: 646-277-1234
Investor Contact: William
MainaE: IR@exelatech.com T:
646-277-1236
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