HomeTrending StocksExela Technologies Inc. (XELA) stock soars during pre-market. Here’s what you should...

Exela Technologies Inc. (XELA) stock soars during pre-market. Here’s what you should know?

Exela Technologies Inc. (NASDAQ: XELA) stock gained by 8.28% at last close while the XELA stock price rises in the pre-market as well, by 10.59%. Exela Technologies is a global pioneer in business process management (BPA), with unique technology and a global network to deliver digital transformation solutions that improve quality, efficiency, and end-user experience.

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Recent Past Development

XELA has announced the renewal and growth of its relationship with one of the country’s biggest specialized care insurance companies. This project will use Exela’s potent cloud-based digital exchange service for the insurance industry, PCH Global, to extend the implementation to roughly 3,800 specialists as active users within the customer organization, utilizing Exela’s proprietary process and rule engines across all aspects.

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Exela will engage with the users to eventually link 27,000 distinct providers to PCH Global as part of a larger development of this partnership to help foster digital clean claims filing and communication to increase transparency and save administrative expenses.

PCH Global’s abilities are being expanded by Exela in order to give a cloud-hosted solution with one of the greatest edit resolutions for healthcare claims. The PCH Global platform’s expanding value proposition in healthcare to digitally link members, providers, and insurance companies for clean claims, payment transparency, and digital appeals has reached another milestone with this extension of implementation.

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Srini Murali, Exela’s President for Americas & APAC stated:

Behavioral health claims are inherently complicated, necessitating a complete grasp of procedural code levels and kinds, procedural terminology database changes, and benefit coordination. In this rapidly increasing segment of the healthcare ecosystem, they can use their PCH Global proprietary intelligent workflow and rules engines to digitally interact, amend, and clear claims for payment accuracy.

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