EXL [NASDAQ: EXLS], a leading data analytics and digital operations
and solutions company, today announced it has been recognized as a
best-in-class provider in the Aité-Novarica’s 2022 Aité Matrix:
Payment Integrity in Healthcare report.
Using the Aité Matrix methodology, the report evaluates 25 firms
that serve health plans and are active in the payment integrity and
accuracy vendor market.
EXL’s recognition is based on its deep demonstrated expertise
and its proven track record of identifying and improving payment
accuracies to help streamline processes and reduce abrasion in the
healthcare payments cycle. Leveraging pre- and post-pay auditing
capabilities, digital transformation, and predictive and
prescriptive analytics, EXL delivers a complete cost-optimization
solution that provides deep insights and transparency into payment
integrity programs. EXL also scored highest in the study in the
category of vendor stability – a measurement that takes into
account the overall financial stability of the company, including
its revenue estimates, profitability, recurring revenue, growth
rates and share of revenue invested in R&D.
“For two years in a row, EXL’s vendor stability and client
strength has topped these component rankings compared to peers.
EXL’s data analytics roots, AI orientation, nimble approach, and
responsiveness to clients confirms them as a rising star,” said
Inci Kaya, Strategic Advisor, Healthcare Payments at Aité-Novarica.
“The company’s muscle in ingesting, sorting, organizing, and, most
importantly, visualizing data is evident throughout the payment
integrity and claims adjudication process. By creating a unique
profile for each claim, EXL ensures that data is tagged and
identified properly, allowing the claim to be used in
investigations, clinical and pharma audits, and case management
instances.”
The report highlights EXL’s standout client services scores,
which are based on the provider’s ability to deliver on promises
and value for cost. It also notes that EXL gives clients the
flexibility to implement a full solution suite or modular
components, including access to its EXLMINE™ solution. EXLMINE is a
robust payment integrity system that improves effectiveness and
efficiency by centralizing all functions needed to manage the
entire claim lifecycle. EXL’s payment integrity services include
advanced analytics and data mining to identify, manage and act on
billing and payment anomalies; capacity services to augment
staffing needs; and pre- and post-payment processes to audit and
recover inaccurate payments.
“As the healthcare industry has continued to transform, payment
integrity programs have become more complex. Payers and providers
are seeing claim volumes and system integration needs grow year
after year,” said Anita Mahon, Executive Vice President and Global
Head of Healthcare at EXL. “Payers and providers need partners that
can deliver cutting-edge technology and institutional expertise.
We’re proud to be recognized for our best-in-class solutions, and
we look forward to continuing to help the healthcare system
confront their most pressing challenges.”
“Amid the industry-wide shift to value-based care and the
transformation of everything from care delivery channels to the
adoption of more data-driven approaches to evaluating quality of
care, the healthcare system needs a highly flexible, scalable
payment integrity solution that allows them to track dozens of
variables at once,” said Kurt Anderson, Senior Vice President and
General Manager, Payment Services at EXL. “We’re honored to be
recognized by Aité-Novarica not only for the solutions we’re
delivering today, but the flexibility that we’re giving our clients
to continue to succeed in the future.”
For more information on the EXL Health payment integrity
services, visit the EXL website. To read the Aité-Novarica report,
click here.
About EXLEXL (NASDAQ: EXLS) is a leading data
analytics and digital operations and solutions company that
partners with clients to improve business outcomes and unlock
growth. By bringing together deep domain expertise with robust
data, powerful analytics, cloud, artificial intelligence (“AI”) and
machine learning (“ML”), we create agile, scalable solutions and
execute complex operations for the world’s leading corporations in
industries including insurance, healthcare, banking and financial
services, media, and retail, among others. Focused on driving
faster decision-making and transforming operating models, EXL was
founded on the core values of innovation, collaboration,
excellence, integrity and respect. Headquartered in New York, our
team is over 40,600 strong, with more than 50 offices spanning six
continents. For more information,
visit www.exlservice.com.
Cautionary Statement Regarding Forward-Looking
Statements This press release contains forward-looking
statements. You should not place undue reliance on those statements
because they are subject to numerous uncertainties and factors
relating to EXL's operations and business environment, all of which
are difficult to predict and many of which are beyond EXL’s
control. Forward-looking statements include information concerning
EXL’s possible or assumed future results of operations, including
descriptions of its business strategy. These statements may include
words such as “may,” “will,” “should,” “believe,” “expect,”
“anticipate,” “intend,” “plan,” “estimate” or similar expressions.
These statements are based on assumptions that we have made in
light of management's experience in the industry as well as its
perceptions of historical trends, current conditions, expected
future developments and other factors it believes are appropriate
under the circumstances. You should understand that these
statements are not guarantees of performance or results. They
involve known and unknown risks, uncertainties and assumptions.
Although EXL believes that these forward-looking statements are
based on reasonable assumptions, you should be aware that many
factors could affect EXL’s actual financial results or results of
operations and could cause actual results to differ materially from
those in the forward-looking statements. These factors, which
include our ability to successfully close and integrate strategic
acquisitions, our ability to respond to and manage public health
crises, including the outbreak and continued effects of COVID-19
pandemic, are discussed in more detail in EXL’s filings with the
Securities and Exchange Commission, including EXL’s Quarterly
Report on Form 10-Q and Annual Report on Form 10-K. These risks
could cause actual results to differ materially from those implied
by forward-looking statements in this release. You should keep in
mind that any forward-looking statement made herein, or elsewhere,
speaks only as of the date on which it is made. New risks and
uncertainties come up from time to time, and it is impossible to
predict these events or how they may affect EXL. EXL has no
obligation to update any forward-looking statements after the date
hereof, except as required by federal securities laws.
© 2022 ExlService Holdings, Inc. All rights
reserved. For more information go to
www.exlservice.com/legal-disclaimer
Media Contacts
Investor Relations
Steven N. Barlow
Vice President Investor Relations
+1 917-596-7684
steven.barlow@exlservice.com
Media - US
John Roderick
J. Roderick Public Relations
+1 631-584-2200
exl@jroderick.com
Media - India
Shailendra Singh
Vice President Corporate Communications
+91-98104-76075
shailendra.singh@exlservice.com
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