IRVING, Texas, Jan. 18, 2022 (GLOBE NEWSWIRE) — Exela Applied sciences, Inc. (“Exela”) (NASDAQ: XELA) right this moment introduced it has augmented an current relationship with a big expertise companies supplier for a number of Medicaid packages throughout the nation. The preliminary part of the growth is valued in extra of $2.5M.
This deployment builds on a 25-year partnership and leverages Exela’s PCH International platform and experience in delivering cost integrity, collections and income cycle administration (RCM) options. PCH International deployment will join suppliers, Medicaid companies and members to assist drive clear claims and considerably cut back the necessity for retrospective collections.
Exela continues to put money into growing PCH International’s capabilities to supply a cloud hosted answer with among the best edit resolutions for healthcare claims. This extension of deployment marks one other milestone within the worth proposition of the PCH International platform to digitally join members, suppliers and insurance coverage firms to allow clear claims, cost transparency and digital appeals. PCH International’s cloud community additionally presents elevated scalability, the very best uptime and finest enterprise continuity protections. PCH International has strong information analytics that are regularly bettering as Exela processes an increasing number of information. Moreover, PCH International’s improved information analytics may be accessed through a self-service mannequin.
“We’re happy with our lengthy tenured partnership and this growth is aligned to the final word purpose of constructing stronger, more healthy communities throughout the nation,” mentioned Suresh Yannamani, President of Exela. Including “adoption of our PCH International platform continues to handle the healthcare {industry}’s purpose to ship probably the most environment friendly, value efficient and finest healthcare to members.”
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About Exela Applied sciences
Exela Applied sciences is a enterprise course of automation (BPA) chief, leveraging a world footprint and proprietary expertise to supply digital transformation options enhancing high quality, productiveness, and end-user expertise. With a long time of expertise working mission-critical processes, Exela serves a rising roster of greater than 4,000 clients all through 50 international locations, together with over 60% of the Fortune® 100. Using foundational applied sciences spanning data administration, workflow automation, and built-in communications, Exela’s software program and companies embody multi-industry, departmental answer suites addressing finance and accounting, human capital administration, and authorized administration, in addition to industry-specific options for banking, healthcare, insurance coverage, and the general public sector. By cloud-enabled platforms, constructed on a configurable stack of automation modules, and over 17,500 workers working in 23 international locations, Exela quickly deploys built-in expertise and operations as an end-to-end digital journey associate.
Ahead-Trying Statements
Sure statements included on this press launch should not historic details however are forward-looking statements for functions of the secure harbor provisions beneath The Non-public Securities Litigation Reform Act of 1995. Ahead-looking statements usually are accompanied by phrases akin to “could”, “ought to”, “would”, “plan”, “intend”, “anticipate”, “imagine”, “estimate”, “predict”, “potential”, “appear”, “search”, “proceed”, “future”, “will”, “count on”, “outlook” or different comparable phrases, phrases or expressions. These forward-looking statements embody statements concerning our {industry}, future occasions, estimated or anticipated future outcomes and advantages, future alternatives for Exela, and different statements that aren’t historic details. These statements are based mostly on the present expectations of Exela administration and should not predictions of precise efficiency. These statements are topic to quite a lot of dangers and uncertainties, together with with out limitation these mentioned beneath the heading “Danger Components” in Exela’s Annual Report and different securities filings. As well as, forward-looking statements present Exela’s expectations, plans or forecasts of future occasions and views as of the date of this communication. Exela anticipates that subsequent occasions and developments will trigger Exela’s assessments to alter. These forward-looking statements shouldn’t be relied upon as representing Exela’s assessments as of any date subsequent to the date of this press launch.
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