search icon
      blog search icon

      Exela Technologies Inc. (XELA) stock surged during after-hours, given no current update - Stocks Telegraph

      By Mahnoor Shah

      Published on

      September 22, 2021

      5:47 AM UTC

      Exela Technologies Inc. (XELA) stock surged during after-hours, given no current update - Stocks Telegraph

      Exela Technologies Inc. (NASDAQ: XELA) stock gained by 3.21% at last close while the XELA stock price rises by 9.84% in the after-hours trading session. Exela Technologies is a leading name in business process automation (BPA), with unique technology and a global network to deliver digital transformation solutions that improve quality, productivity, and end-user experience.

      XELA quickly delivers integrated technology and services as an end-to-end digital journey partner with cloud-enabled solutions built on a configurable stack of automation modules and over 18,000 workers operating in 23 countries.

      XELA stock Recent Past Development

      Exela Technologies has established a partnership with one of the country’s leading insurance companies. This growth demonstrates XELA’s capacity to quickly deploy PCH Global for claims made by providers, in this case serving members from low-income and disadvantaged neighbourhoods across the United States. PCH Global’s capabilities are being expanded by Exela in order to give a cloud-hosted solution with one of the greatest edit resolutions for healthcare cases. This expansion of the PCH Global platform’s value proposition to digitally link customers, providers, and insurance companies for clean claims, payment transparency, and digital appeals marks yet another breakthrough in the platform’s value proposition. This extension also adds to a $180 million Total Contract Value relationship that already exists.

      The cloud network from PCH Global provides enhanced scalability, the finest durability, and the strongest business continuity measures. PCH Global also comes with improved data analytics and may be accessed using a self-service model.

      Exela President Suresh Yannamani stated,

      This growth exemplifies XELA’s potential to obtain market share while providing their customers with flexible and quickly deployable solutions. They are honoured to be able to expand their long-standing collaboration to help their customer’s expanding business unit. Similarly, they are grateful to be a part of a healthcare system that helps those who are most in need and most vulnerable.

      More From Stocks telegraph