Exela Named a Leader in Everest Group’s 2023 PEAK Matrix® Medical Coding Operations Assessment

/EIN News/ — IRVING, Texas, Oct. 25, 2022 (GLOBE NEWSWIRE) — Exela Technologies, Inc. (“Exela”) (NASDAQ: XELA, XELAP), a leading provider of business process automation solutions, today announced that it has been recognized as a “Leader” in the first edition of Everest Group’s Medical Coding Operations – PEAK Matrix® 2023 Assessment. This report provides a detailed analysis and assessment of 22 operational service providers featured in the Everest Group Medical Coding Operations PEAK Matrix.® Evaluation. The report provides the relative positioning and analysis of vendors based on the assessment of their strengths and limitations.

“Demand for medical coders is on the rise as healthcare providers across the United States grapple with talent shortages. In fact, specialty-origin medical coding is one of the key areas where healthcare systems and other providers seek support from third-party vendors,” said Ankur Verma, practice director at Everest Group. “Exela Technologies has capitalized on this opportunity through a combination of domain and technology investments. Exela’s large customer base coding offerings catering to multiple specialties, including complex hospital patient coding, proprietary AI/ML coding tools and diverse delivery capabilities have propelled the company to be a leader on Everest Group’s PEAK matrix of medical coding operations® 2023 review.”

“We are delighted to learn that Everest Group has named Exela a LEADER in the inaugural release of its Medical Coding Operations report,” said Kevin Lathrop, president of Exela’s healthcare services. “Our LexiCode division has been meeting the needs of our customers for over 40 years and is a recognized market leader. Our national and global operations teams deliver unparalleled quality and deliver significant value to the healthcare organizations that trust us.

Everest Group is an industry-leading research and consulting firm specializing in strategic IT, business process services and engineering. Everest Group’s PEAK Matrix “Leaders” are companies that demonstrate exceptional innovation and transition management in their engagements while enhancing technology capabilities through proprietary solutions, partnerships or purchases.

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About Exela Technologies

Exela Technologies is a leader in business process automation (BPA), leveraging a global footprint 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 more than 4,000 customers in 50 countries, including more than 60% of Fortune® 100. Using core technologies spanning information management, workflow automation and integrated communications, Exela’s software and services include multi-industry and departmental solution suites addressing finance and accounting, human capital management and legal management, as well as industry-specific solutions for the banking sector. , health, insurance and the public sector. With cloud-enabled platforms, built on a configurable stack of automation modules, and approximately 17,000 employees operating in 21 countries, Exela is rapidly deploying integrated technology and operations as an end-to-end digital travel partner. .

Investor and/or media contacts:

Vincent Kondaveeti

E : [email protected]

Mary Beth Benjamin

E : [email protected]

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Everest Group Medical Coding Operation PEAK Matrix Assessment 2023

Carol N. Valencia