Exela Technologies Inc. (NASDAQ: XELA) stock gained by 59.18% at last close while the XELA stock price surges by 35.47% in the after-hours trading session. Exela Technologies is a global pioneer in business process automation (BPA), with patented technology and a worldwide network to deliver digital transformation services that help quality, productivity, and end-user experience.
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EON, Exela’s Robotic Process Automation (RPA) technology, has been deployed for a big health insurance business, according to Exela Technologies. By automating tedious manual processes, this project helps large insurance expedite its digital transformation efforts. Exela’s RPA technology will automate claims processing and fulfillment services as part of a 16-year collaboration. This approach cuts processing time in half and improves overall responsiveness to members and providers.
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PCH Global’s capabilities are being expanded by Exela in order to deliver a cloud-hosted solution with one of the finest edit resolutions for healthcare claims. The addition of our RPA technology as a module to the PCH ecosystem adds to the system’s increasing value proposition in healthcare, which seeks to digitally link members, suppliers, and insurance companies for fair claims, payment clarity, and digital appeals.
Srini Murali, Exela’s President for Americas & APAC stated,
A big insurer will use XELA’s EON platform, which is already in use by a number of clients in the banking, finance, and accounting industries, as well as the public sector. XELA’s programmable RPA technology saves processing time, eliminates human error, and boosts throughput.
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Exela’s objective is to move healthcare partnerships to their PCH Global cloud network, which provides higher scalability, uptime, and business continuity safeguards, as well as superior data analytics embedded into the platform and accessible via a self-service approach. Exela’s data scientists use neural network-powered cognitive data processing capabilities, while Exela’s Business Process Management teams assist companies streamline business processes, get deeper insights, and gain better process flexibility and control.