Exela renews its contract with a leading healthcare organization to

IRVING, Texas, October 18, 2021 (GLOBE NEWSWIRE) – Exela Technologies, Inc. (“Exela”) (NASDAQ: XELA) today announced that it has renewed its contract with a leading healthcare organization as a partner of Processing Payments to Explain Benefits (EOB) for processing COVID-19 claims. Previous version.

This renewal demonstrates Exela’s “Customer First” approach and how Exela’s business process automation solution supports complex issues, enabling faster processing of payments and claims with the end-to-end technology offering. at the end of Exela.

“We are delighted to continue this partnership as an extension of our payment and claims processing business,” said Suresh Yannamani, President of Exela. “Exela is dedicated to streamlining processes for our current and potential customers, and our suite of technology platforms and industry expertise enable us to deliver customized and scalable solutions for a forward-looking workplace. We are very happy that our solution is supporting this healthcare organization during this unfortunate pandemic and look forward to adapting to the needs of our customers in the future. “

Since the start of the pandemic, Exela’s innovative solutions for solving complex payment processing and claim reconciliation have been tested. By implementing PCH Global, Exela was able to offer a full spectrum payment and claims processing solution, delivering an expected reduction in claim denials, faster payment processing and better customer benefit. final via the cloud. This dramatically reduced the cycle time for reconciling payments.

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About Exela Technologies
Exela Technologies is a leader in Business Process Automation (BPA), leveraging a global presence and proprietary technology to deliver digital transformation solutions that improve quality, productivity and user experience. final. With decades of experience operating critical processes, Exela serves a growing list of over 4,000 clients in 50 countries, including over 60% of the Fortune® 100. Using core technologies spanning information management , workflow automation and integrated communications, Exela’s software and services include multisector and departmental solution suites dealing with finance and accounting, human capital management and legal management, as well as industry-specific solutions for banking, healthcare, insurance and the public sector. With cloud-enabled platforms, built on a configurable stack of automation modules, and more than 18,000 employees operating in 23 countries, Exela is rapidly deploying integrated technology and operations as a digital travel partner of end to end.

Forward-looking statements
Certain statements included in this press release are not historical facts but are forward-looking statements for the purposes of the safe harbor provisions under the Private Securities Litigation Reform Act of 1995. Forward-looking statements are generally accompanied by words such as ” can “,” should “,” would “,” plan “,” intend “,” anticipate “,” believe “,” estimate “,” predict “,” potential “,” seem “,” seek “, “continue”, “future”, “will”, “expect”, “prospect” or other similar words, phrases or expressions. These forward-looking statements include statements about our industry, future events, estimated or anticipated future results and benefits, future opportunities for Exela and other statements that are not historical facts. These statements are based on the current expectations of Exela management and are not predictions of actual performance. These statements are subject to a number of risks and uncertainties, including, but not limited to, those discussed under “Risk Factors” in Exela’s annual report and other securities documents. movable. In addition, forward-looking statements provide Exela’s expectations, plans or forecasts regarding future events and opinions as of the date of this communication. Exela anticipates that subsequent events and developments will cause Exela’s valuations to change. These forward-looking statements should not be taken as representing Exela’s valuations as of a date subsequent to the date of this press release.

Investor and / or media contacts:
Vincent Kondaveeti
E: [email protected]

Marie Beth Benjamin
E: [email protected]

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