EmblemHealth Selects EXL Healthcare's CareRadius Population Health Suite
Aug 6 15
EXL announced that EmblemHealth Inc. has selected EXL's population health suite CareRadius. Serving nearly 3.4 million members, EmblemHealth will upgrade to CareRadius from EXL's Healthcare's legacy platform maxMC. The patent pending CareRadius integrates real-time data from multiple sources for insurers and practitioners to enhance clinical decision-making, improve workflows, and reduce administrative costs. Recent feature additions include a foundation framework for embedding analytics into clinical operations and enhanced dual-eligible member support.
EXL Healthcare and Novu Form Strategic Partnership to Deliver Consumer-Centric Health Management
Aug 3 15
EXL announced a strategic partnership with Novu to provide health plan members greater access to health content, social groups and reward programs that are integrated with care management programs powered by EXL Healthcare's suite CareRadius. Traditionally, access to the health resources within care management technology has been limited to the nurses and care teams conducting member outreach, typically by phone or email. Combining the patent pending CareRadius suite with the best-in-class consumer engagement platform from Novu empowers individuals to fully engage with their health in a consumer-centric way that aligns directly with their care management plan. This game-changing offering enables risk-bearing organizations to have deeper and broader touches across their populations, resulting in improved outcomes, enhanced member experiences and increased payments for payers and providers. Commercial, Medicare, and Medicaid markets will benefit from this innovative approach to market delivery as it is delivered through both payers and ACOs. EXL Healthcare delivers strategic solutions to risk bearing entities that integrate technology, operations management, analytics and transformational consulting. These best-of-breed solutions enable improvement in patient outcomes, enhancements to the customer experience, and increases in both Revenue Optimization and Payment Integrity. Through Novu, health care organizations can offer a comprehensive set of health tools including challenges, programs, social communities and strategic incentive management, along with underlying gamification, management and reporting to guide consumers toward healthy outcomes. Novu's consumer health platform is designed to create tailored, rewarding health experiences for members across channels, including mobile and desktop. For the first time, payers and providers are able to align around the interests and needs of the consumer.
Exlservice Holdings, Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015; Revised Earnings Guidance for the Year 2015
Jul 30 15
Exlservice Holdings, Inc. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported revenues of $155,621,000 compared to $119,738,000 a year ago. Organically, revenue was up 14.2% year-over-year on a constant currency basis excluding transitioning clients. Income from operations was $15,248,000 compared to $6,097,000 a year ago. Income before income taxes was $17,605,000 compared to $6,818,000 a year ago. Net income was $12,074,000 compared to $7,762,000 a year ago. Diluted earnings per share were $0.35 compared to $0.23 a year ago. Adjusted EBITDA was $26,862,000 compared to $20,461,000 a year ago. Adjusted net income was $16,399,000 compared to $13,842,000 a year ago. Adjusted diluted earnings per share were $0.48 compared to $0.41 a year ago, driven by strong revenue growth and improved margin. Adjusted operating income was $21,609,000 compared to $15,271,000 a year ago. Capital expenditure for the second quarter was $5.5 million, which was primarily spent on facilities, hardware, software and telecommunication equipment.
For the six months, the company reported revenues of $299,131,000 compared to $241,535,000 a year ago. Organic constant currency revenue growth, excluding transitioning clients, was 14.4% for the first half of the year. This was driven by new strategic deal wins, expansion of existing client relationships across all verticals as a result of strong sales efforts. Income from operations was $28,716,000 compared to $21,584,000 a year ago. Income before income taxes was $33,385,000 compared to $22,431,000 a year ago. Net income was $21,641,000 compared to $18,910,000 a year ago. Diluted earnings per share were $0.63 compared to $0.56 a year ago. Capital expenditure in the first half was $14.4 million.
The company is updating its guidance for the year 2015. For the year, the company is raising revenue guidance of $610 million to $625 million from $600 million to $620 million, representing an increase to a revenue guidance of $7.5 million at the midpoint. This midpoint raise is due to the strong revenue performance in the first half including contributions from recent acquisitions and confidence into the second half of the year. EXL's revised guidance represents strong annual revenue growth of 16% to 19% including acquisitions despite a currency headwind of 1% and an organic revenue growth of 11% to 14%. The company also raising EPS guidance to $1.88 to $1.98 range from $1.85 to $1.90 as previously given. This revised guidance is due to the strong first half performance in 2015 and revenue growth across verticals, partially offset by investments in Colombia and South Africa geographies. For the financial year 2015, the company expects adjusted operating margins of 14.2% to 14.4% despite investments in integration of RPM and geographic expansion into South Africa and Colombia. The company forecast tax rate to be approximately 31% for the second half of the year. The company expects CapEx for the full year to be in the range of $22 million to $25 million.