Claimsnet Announces Claims Processing Agreements With New Payer Organization
17 January 2007 - 8:05AM
PR Newswire (US)
DALLAS, Jan. 16 /PRNewswire-FirstCall/ -- Claimsnet.com inc.
(OTC:CLAI) (BULLETIN BOARD: CLAI) , a leading provider of
Internet-based ASP electronic claim processing solutions for the
healthcare industry announced today an agreement to provide claims
processing services to an additional payer organization. Under the
agreement, claims will be sent from provider organizations to the
payer using Claimsnet advanced ASP technology, so reducing the cost
of claims handling, and increasing the speed of the claims
processing function. "This payer, based in the North East, explored
ways to expand services and develop solutions to simplify the
process of managing the claim flow, thereby making day-to-day
administrative tasks more efficient. Claimsnet will provide the
technology, multiple connections, and expertise to transmit these
health care transactions in a secure electronic environment. The
payer provides group medical programs designed for persons who are
not eligible for traditional employer sponsored medical programs,
such as hourly, part time, and independent contractor workers.
Claimsnet currently provides end-to-end connectivity for providers,
provider service organizations, and payers for electronic claim and
remittance advice transactions. This additional customer
relationship helps us expand the momentum we are gaining in the
medical claim and remittance advice market space," stated Don
Crosbie, Chairman and CEO of Claimsnet. "Implementation is under
way, and should be fully up and running in the first quarter of
2007." About Claimsnet.com - Claimsnet is a leading provider of
Internet-based claim processing solutions for the healthcare payer
industry, including distinctive, advanced ASP technology.
Headquartered in Dallas, Claimsnet offers systems that are
distinguished by ease of use, customer care, security and
measurable cost advantages. More information on Claimsnet can be
found at the Company's web site at http://www.claimsnet.com/ . Safe
Harbor Statement Under the Private Securities Litigation Act 1995 -
With the exception of historical information, the matters discussed
in this press release are forward looking statements that involve a
number of risks and uncertainties. The actual future results of the
company could differ significantly from those statements. Factors
that could cause or contribute to such differences include, but are
not limited to, maintaining access to external sources of capital,
regulatory actions, success of marketing strategies, actions of the
Company's competitors, dependence on business partners and
distribution channels, and continued use of the Internet. Further
information on the Company's risk factors is contained in the
Company's quarterly, annual, and other periodic reports as filed
with the Securities and Exchange Commission. DATASOURCE:
Claimsnet.com inc. CONTACT: Don Crosbie of Claimsnet.com inc.,
+1-972-458-1701, ext. 112, or Web site: http://www.claimsnet.com/
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