Is The Rally Real? Exela Technologies Inc (NASDAQ:XELA) In News

Exela Technologies Inc (NASDAQ:XELA) continues to see heavy buying interest as the stock is up 13% over the past week.

Market Action

As of 9:50, XELA stock jumped 1.78% to $1.72 with more than 905K shares, well above its average volume of 2.68 million shares. The stock has moved within a range of $1.7000 – 1.7500 after opening the trade at $1.71.

Major Trigger:

Exela Technologies Named a Leader in NelsonHall’s Healthcare Payer BPS NEAT Vendor Evaluation

Key Highlights:

  • Exela Technologies has been named a Leader in NelsonHall’s Healthcare Payer BPS NEAT Vendor Evaluation for 2021. Exela was named a Leader in four areas: Overall Capability, Plan Design & Enrollment Capability, Member Services Capability, and Operations Transformation Capability. Additionally, Exela was ranked as a High Achiever for Claims & Billing Capability and Provider Management Capability.
  • Exela’s PCH Global is the industry’s first cloud-hosted end-to-end healthcare claims management platform, providing solutions in key areas such as payment integrity, complex claims processing, analytics and member and patient engagement.
  • This report examines how U.S. healthcare payer BPS effectiveness management services are enabling clients to use technologies like RPA, AI/ML, and cloud-based solutions to deliver improvements in volume and process quality, while reducing operational costs.
  • The vendors mentioned in this report are increasingly focused on intelligent automation to provide operational efficiencies along with providing comprehensive support to clients for care management, wellness offerings and member behavior interventions.

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