Home Top Movers Exela Technologies Inc. (NASDAQ: XELA) stock surged during pre-market. Why is it...

Exela Technologies Inc. (NASDAQ: XELA) stock surged during pre-market. Why is it so?

Exela Technologies Inc. (NASDAQ: XELA) stock gained by 1.29% at last close while the XELA stock price soars by 8.28% in the pre-market session. Exela Technologies is a global pioneer in business process automation (BPA), with unique technology and a worldwide network to deliver digital transformation solutions that improve quality, efficiency, and end-user experience.

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What’s new?

PCH Global platform deployment has been expanded for over 18,000 providers across the country, bringing the total number of PCH Global registered users to over 35,000 healthcare providers and hospital systems. This project, which is part of a larger 24-year collaboration, will help a major US health insurance company’s TPA segment speed its digital transformation initiatives.

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PCH Global’s capabilities have been expanded by Exela in order to give a cloud-hosted platform with one of the greatest edit resolutions for healthcare claims. The PCH Global platform’s expanding value proposition in healthcare to electronically link members, providers, and insurance companies for clear claims, payment clarity, and digital appeals has reached another milestone with this extension of implementation.

Furthermore,

Exela’s objective is to move current and future healthcare ties to PCH Global’s cloud network, which will provide high flexibility, reliability, and business continuity safeguards, as well as superior data analytics incorporated into the system and accessible via a self-service paradigm. Exela’s data scientists use smart data processing capabilities propelled by neural networks in collaboration with our customers, and Exela’s Business Process Management teams assist healthcare and insurance customers in optimizing business processes, generating greater insight, and achieving greater process flexibility and control. PCH Global is a great solution for insurance businesses across multiple categories, including healthcare, due to Exela’s continuing efforts in adding new features, services, and support for other insurance segments.

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