Exela Technologies, Inc. (“Exela”) (NASDAQ: XELA) has been named a
Leader in NelsonHall’s Healthcare Payer BPS NEAT Vendor Evaluation
for 2021. Exela was named a Leader in four areas: Overall
Capability, Plan Design & Enrollment Capability, Member
Services Capability, and Operations Transformation Capability.
Additionally, Exela was ranked as a High Achiever for Claims &
Billing Capability and Provider Management Capability.
According to Ashley Singleton, Market Analyst at NelsonHall and
author of the report, “Exela’s current comprehensive offerings will
see near-term expansion in intelligent automation, ML/AI and
analytics to support growing demand for enrolment and care
management solutions, and continuous advancement of document
processing. Exela's technology solution offerings reflect the
strategy to be an equal parts vendor of operational services and
digital transformation solutions. National level partnerships will
also support Exela’s growth and expansion of capabilities in
healthcare payer BPS effectiveness management.”
“To be recognized as an Overall Leader by NelsonHall in the
Healthcare Payer BPS market is a validation of Exela’s commitment
towards providing innovative solutions to our clients and the
members they serve,” said Srini Murali, Exela’s President,
Americas, & APAC.
Exela’s PCH Global is the industry’s first cloud-hosted
end-to-end healthcare claims management platform, providing
solutions in key areas such as payment integrity, complex claims
processing, analytics and member and patient engagement.
“PCH Global, with built-in intelligent automation, uniquely
mitigates the complexity associated with transactions in
healthcare, lowering costs for the payers, providers and members.
We will continue to invest in our people and technology to further
innovate and make healthcare cheaper and more accessible to all,”
said Mr. Murali.
This report examines how U.S. healthcare payer BPS effectiveness
management services are enabling clients to use technologies like
RPA, AI/ML, and cloud-based solutions to deliver improvements in
volume and process quality, while reducing operational costs. The
vendors mentioned in this report are increasingly focused on
intelligent automation to provide operational efficiencies along
with providing comprehensive support to clients for care
management, wellness offerings and member behavior
interventions.
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 18,000 employees operating in 23
countries, Exela rapidly deploys integrated technology and
operations as an end-to-end digital journey partner.
About NelsonHall
NelsonHall is the leading global analyst firm dedicated to
helping organizations understand the ‘art of the possible’ in
digital operations transformation. With analysts in the U.S., U.K.,
and Continental Europe, NelsonHall provides buy-side organizations
with detailed, critical information on markets and vendors
(including NEAT assessments) that helps them make fast and highly
informed sourcing decisions. And for vendors, NelsonHall provides
deep knowledge of market dynamics and user requirements to help
them hone their go-to-market strategies. NelsonHall’s research is
based on rigorous, primary research, and is widely respected for
the quality, depth and insight of its analysis.
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.
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/8628f453-d3be-4bb7-b67a-f33f1dd10cc1
Investor and/or Media Contacts:
Vincent Kondaveeti
E: vincent.kondaveeti@exelatech.com
T: 929-620-1849
Mary Beth Benjamin
E: IR@exelatech.com
T: 646-277-1236
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