Exela Technologies adds Robotic Process Automation (RPA) platform for a large health insurance company
June 29 2021 - 8:00AM
Exela Technologies, Inc. (“Exela” or “the Company”)
(NASDAQ: XELA), a global business process automation (BPA)
leader, today announced rollout of EON, Exela’s Robotic Process
Automation (RPA) platform for a large health insurance company.
This effort accelerates the digital transformation efforts for a
major insurer by automating repetitive manual tasks. As part a
broader relationship built over 16 years, Exela’s RPA platform will
automate claims processing and fulfillment services. This solution
significantly reduces processing time and the overall
responsiveness to members and providers.
Exela continues to invest in expanding PCH Global capabilities
to provide a cloud hosted solution with one of the best edit
resolutions for healthcare claims. Deployment of our RPA platform
as a module within the overall PCH ecosystem 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.
“Our EON platform, currently deployed for several customers in
Banking, Finance & Accounting and the Public Sector will now be
utilized by a large insurer. Our configurable RPA platform
minimizes processing time, reduces human error and increases
throughput” said Srini Murali, Exela’s President for Americas &
APAC.
Exela’s strategy is to migrate healthcare relationships to our
PCH Global cloud network 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. Exela’s team of data scientists leverage
intelligent data processing capabilities powered by neural
networks, while Exela’s Business Process Management
teams, helps customers optimize business processes, generate
deeper insights, and achieve greater process flexibility and
control.
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.com T:
929-620-1849
Mary Beth
BenjaminE: IR@exelatech.com T:
646-277-1216
Source: Exela Technologies, Inc.
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