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Exela Technologies Inc. (XELA) Stock on the Rise Following Strategic Partnership with CareSource

Exela Technologies Inc. (XELA) stock prices were up by 6.47% as of the market closing on October 28th, 2021. This brought the price per share up to USD$1.81. Subsequent premarket fluctuations have seen the stock rise by 9.39%, bringing it up to USD1.95.

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Collaboration with CareSource

October 28th, 2021 saw XELA stock announce having partnered with CareSource, a nationally renowned nonprofit managed care organization. The company will deploy its cloud based PCH Global platform in a bid to facilitate the acceleration of CareSource’s digital transformation journey. This growth reflects the company’s ability to rapidly implement PCH Global for claims and correspondence submitted by providers. In this case, this will result in the provision of quality healthcare coverage for Medicaid consumers from several states across the United States.

XELA Stock’s PCH Global

XELA stock is continuing to invest in the expansion of the capabilities of PCH Global to facilitate the provision of a cloud hosted solution. This solution will have one of the best edit resolutions for healthcare claims. The extension of deployment is another major milestone in the value proposition of the PCH Global platform to digitally connect members, providers, and insurance companies to enable clean claims, payment transparency, and digital appeals.

Scope of PCH Global

PCH Global’s cloud network also offers increase scalability, leading uptime, and unprecedented business continuity protection. PCH Global boasts strong data analytics which continually improve as XELA stock continues to process more and more data. Furthermore, PCH Global’s improved data analytics is accessible with the use of a self-service model.

XELA Stock Builds on Success

The collaboration between XELA stock and CareSource will facilitate the process of their digital transformation. The company is also keen to leverage its partnership with Dayton. The company is set on its path to facilitate the provision of members and providers an industry-leading user experience. This overall service is being provided to constituents in The Great State of Ohio, as well as various other states across the country.

Future Outlook for XELA Stock

XELA stock is poised to capitalize on the expanded scope of opportunities afforded to it as a result of its partnership with CareSource. The company is keen to maintain its trajectory of success in a bid to usher in unprecedented growth as it expands its deployment of PCH Global. Current and potential investors are hopeful that management will be able to effectively leverage the resources at their disposal. This is hoped to facilitate consistent and organic increases in shareholder value over the long term.

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