EXL named a Leader in Everest Group Payment Integrity Solutions PEAK Matrix® Assessment 2024
28 February 2024 - 12:33AM
EXL [NASDAQ: EXLS], a leading data analytics and digital operations
and solutions company, announced that it has been named a Leader in
the Everest Group Payment Integrity Solutions PEAK Matrix®
Assessment 2024.
The Everest Group report highlights EXL’s comprehensive
portfolio of healthcare analytics solutions and digital solutions.
These tools leverage robust data, artificial intelligence (AI), and
cloud engineering capabilities to help healthcare payers identify
and improve payment accuracy to enhance business outcomes and
reduce abrasion in the healthcare payment cycle. EXL’s
comprehensive portfolio, including the newly launched EXL smart
platform for health, enables operational efficiencies and
accelerated decision-making across the healthcare continuum, from
prior authorizations to post-payment audit and recovery, to deliver
a complete cost optimization solution.
“The emergence of new technologies, such as generative AI, have
unlocked exciting capabilities in the payment integrity space,”
said Anita Mahon, executive vice president and healthcare business
head at EXL. “We are working hard to harness these innovations to
allow our clients to scale their operations, integrate cutting edge
data and analytics, and deploy them in a way to improve their
predictive modeling and their outcomes. We are honored to receive
this Leader designation and look forward to building on this
success in the year ahead.”
As part of this assessment, Everest Group presented a detailed
analysis of 18 payment integrity solutions providers. Firms were
evaluated based on their vision, capabilities, and market impact.
Researchers determine an organization’s positioning based on
Everest Group’s annual industry survey tracking interactions with
leading industry stakeholders, client reference checks, and ongoing
analysis of the industry market.
“Effectively discerning fraudulent claims necessitates the
rigorous application of extensive data analysis, augmented by
advanced AI capabilities. However, the intricacies involved in
managing vast datasets and cutting-edge AI solutions can be
daunting, prompting healthcare payers to seek third-party support,”
said Ankur Verma, vice president at Everest Group. “EXL is equipped
to address these challenges through its analytics and automation
tools, supported by AI capabilities integrated into its platforms
and solutions they offer. Also, EXL provides deployment options
tailored to client needs and facilitates client control of payment
integrity operations through its white box approach. These
attributes have led to the recognition of EXL as a Leader in
Everest Group's Payment Integrity Solutions PEAK Matrix® Assessment
2024.”
To read more about the report and to see how EXL compares to its
competition, click here. For more information about EXL’s solutions
for the healthcare industry, click here.
About EXL
EXL (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,
AI and machine learning , 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 50,000 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 within
the meaning of the United States Private Securities Litigation
Reform Act of 1995. 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 maintain and grow client demand, our ability
to hire and retain sufficiently trained employees, and our ability
to accurately estimate and/or manage costs, rising interest rates,
rising inflation and recessionary economic trends, are discussed in
more detail in EXL’s filings with the Securities and Exchange
Commission, including EXL’s Annual Report on Form 10-K. 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.
© 2024 ExlService Holdings, Inc. All rights reserved. For
more information go to www.exlservice.com/legal-disclaimer
ContactsMedia Keith Little+1
703-598-0980 media.relations@exlservice.com
Investor RelationsJohn Kristoff+1 212 209
4613IR@exlservice.com
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