Exela Technologies Expands PCH Global Deployment For a Large Third-Party Administrator (TPA) Adding Over 18,000 Healthcare Pr...
June 01 2021 - 8:00AM
Exela Technologies, Inc. (“Exela” or “the Company”)
(NASDAQ: XELA), a global business process automation (BPA)
leader, today announced expansion of PCH Global platform
deployment for over 18,000 providers across the country increasing
the total PCH Global registered user headcount to over 35,000
healthcare providers and hospital systems. This effort will
accelerate the digital transformation efforts for a major US health
insurance company’s TPA division and is part of a broader
relationship built over 24 years.
Exela has continued to invest in expanding PCH Global
capabilities to provide a cloud hosted solution with one of the
best edit resolutions for healthcare claims. This expansion of
deployment marks another milestone in PCH Global platform’s growing
value proposition in healthcare to digitally connect members,
providers and insurance companies for clean claims, payment
transparency and digital appeals.
“This deployment accelerates our customer’s digital
transformation journey by connecting key constituents of the
industry. PCH Global will reduce administrative costs and improve
transparency by ensuring claims are paid correctly the first time”
said Srini Murali, Exela’s President for Americas & APAC.
Exela’s strategy is to migrate existing and future healthcare
relationships to PCH Global’s cloud network in order to offer
greater scalability, highest uptime and business continuity
protections, as well as improved data analytics built into the
platform and accessible via a self-service model. In collaboration
with our customer, Exela’s team of data scientists leverage
intelligent data processing capabilities powered by neural
networks, and Exela’s Business Process Management teams help
healthcare and insurance customers optimize business processes,
generate deeper insights, and achieve greater process flexibility
and control. Exela’s continued investments to add more features,
services and support for additional insurance segments, make PCH
Global an ideal choice for insurance companies across many segments
including healthcare.
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.
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 public sectors. Through
cloud-enabled platforms, built on a configurable stack of
automation modules, and over 18,300 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.comT:
929-620-1849
Mary Beth BenjaminE: IR@exelatech.comT:
646-277-1216
Source: Exela Technologies, Inc.
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