Exela Technologies Secures USD 90 Million Contract for PCH Global Platform | Exela Technologies Secures USD 90 Million Contract for PCH Global PlatformFinancial Buzz

Exela Technologies Secures USD 90 Million Contract for PCH Global Platform

Exela Technologies, Inc. (NASDAQ: XELA) reported a 10-year, USD 90 Million Contract, utilizing automation technologies, SaaS and services through its PCH Global platform.  This will push the digital transformation efforts for a major US health insurance company which is part of a broader relationship that includes over USD 28 Million in revenue in 2020. 

This venture will provide end to end processing of complex health insurance claims with multi-channel support between the insurance company, their provider and member netowrks.

Exela plans to migrate its existing and future healthcare relationships to PCH Global’s cloud network to offer greater scale and business continuity protections, including improved data analytics built into the platform. 

“The combination of proprietary technology, global service delivery and industry expertise, positions Exela as a leader in enrollments, complex claims processing, appeals and grievance management and payment solutions,” said Exela’s President, Suresh Yannamani. “Our goal has been to set ourselves apart by developing PCH Global as a complete payment integrity solution for the insurance industry, handling everything from claims ingestion and validation, to correspondence, adjudication and payments.”

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