Anthem, Inc. ANTM has declared that it is renewing its long-standing care-management relationship with one of the leading business process solutions company – Exlservice Holdings, Inc. EXLS.
Anthem’s association with EXL extends over a period of thirteen years. Post renewal, members on the EXL care management platform will be served by the affiliated health plans of Anthem as before.
EXL provides operations management, decision analytics and technology platforms to improve care collaboration and coordination for organizations in the insurance and healthcare space. Anthem utilizes this care management platform to provide its health plans in an efficient manner.
Anthem – an eminent name in the healthcare space – focuses on improving the care experience of enrollees in its health plans through better health management at affordable prices. Use of efficient management technology helps in this regard. Thus, Anthem entered into a care management relationship with EXL in 2002.
Earlier, the entities have worked together to meet many challenging requirements of the healthcare industry. Realizing the mutual benefits and success of the relationship, EXL and Anthem have decided upon their contract renewal. We expect the contract extension to help Anthem in providing care to its existing members in a more methodical manner, thereby attracting new customers. This should make way for more revenue generation going forward.
Currently, Anthem holds a Zacks Rank #2 (Buy).
Other players worth considering from the same space include Aetna Inc. AET and Centene Corp. CNC. Both these stocks have the same Zacks Rank as Anthem.
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