Exela Renews Contract with Leading Health Organization for Payment and Claims Processing Utilizing Cloud based PCH Global
Exela Technologies has renewed its contract with a leading health organization to continue as a payment processing partner for COVID-19 claims. This renewal reflects Exela's commitment to customer service and highlights its Business Process Automation solutions. By implementing a full-spectrum payment processing system, Exela aims to reduce claim denials and expedite payments. Exela serves over 4,000 clients globally and leverages advanced technologies to enhance operational efficiency.
- Renewed contract with a leading health organization for COVID-19 claims processing.
- Demonstrates Exela's commitment to customer service and innovative solutions.
- Expected reduction in claim denials and faster payment processing.
- Serves over 4,000 clients globally, including over 60% of Fortune 100 companies.
- None.
IRVING, Texas, Oct. 18, 2021 (GLOBE NEWSWIRE) -- Exela Technologies, Inc. (“Exela”) (NASDAQ: XELA) today announced that it renewed its contract with a leading health organization as a payment processing partner for explanation of benefits (EOB) for COVID-19 claims processing. Previous release.
This renewal demonstrates Exela’s “Customer First” approach and how Exela’s Business Process Automation solution supports complex problems, enabling faster payment and claims processing with Exela’s End to End technology offering.
“We are excited to continue this partnership as an extension of our payment and claims processing business,” said Suresh Yannamani, President, Exela. “Exela is dedicated to simplifying processes for our current and prospective customers, and our suite of technology platforms and industry expertise allows us to provide custom, scalable solutions for a future-looking workplace. We are very happy that our solution supports this Health Organization during this unfortunate pandemic and look forward to adapting to our customer’s needs in the future.”
Since the pandemic began, Exela’s innovative solutions to resolve complex payment processing and claims reconciliation have been tested. By implementing PCH Global, Exela was able to offer a full-spectrum payment and claims processing solution, providing expected reduction in claim denials, faster processing of payments, and a better end customer benefit via the cloud. This significantly reduced cycle time to reconcile the payments.
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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
Forward-Looking Statements
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Investor and/or Media Contacts:
Vincent Kondaveeti
E: vincent.kondaveeti@exelatech.com
Mary Beth Benjamin
E: IR@exelatech.com
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