Exela Technologies Inc (NASDAQ:XELA) is the biggest percentage gainer in the pee-open session on tuesday after the news.
Major Trigger:
Exela Technologies adds Robotic Process Automation (RPA) platform for a large health insurance company
Key Highlights:
- XELA announced rollout of EON, Exela’s Robotic Process Automation (RPA) platform for a large health insurance company.
- This effort accelerates the digital transformation efforts for a major insurer by automating repetitive manual tasks. As part a broader relationship built over 16 years, Exela’s RPA platform will automate claims processing and fulfillment services. This solution significantly reduces processing time and the overall responsiveness to members and providers.
- Exela continues to invest in expanding PCH Global capabilities to provide a cloud hosted solution with one of the best edit resolutions for healthcare claims. Deployment of our RPA platform as a module within the overall PCH ecosystem marks another milestone in PCH Global platform’s growing value proposition in healthcare to digitally connect members, providers and Insurance companies for clean claims, payment transparency and digital appeals.
Key Quote:
“Our EON platform, currently deployed for several customers in Banking, Finance & Accounting and the Public Sector will now be utilized by a large insurer. Our configurable RPA platform minimizes processing time, reduces human error and increases throughput” said Srini Murali, Exela’s President for Americas & APAC.
Market Reaction
As of 8:38, XELA stock gained by 49% to $2.19. So far more than 25.53 million shares have exchanged hands.
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