Claimsnet Announces Claims Processing Agreement With New Payer Organization
05 September 2008 - 5:39AM
PR Newswire (US)
DALLAS, Sept. 4 /PRNewswire-FirstCall/ -- Claimsnet.com (OTC:CLAI)
(BULLETIN BOARD: CLAI) , a leading provider of electronic
transaction and paper claim handling services to the healthcare
industry, announced today that they have signed 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, reducing the cost of claims handling. This payer, a
regional multi-state Third Party Administrator (TPA), was seeking
ways to reduce EDI costs and increase EDI transaction volume.
Claimsnet will provide the technology, multiple connections, and
expertise to receive and transmit these electronic health care
transactions in a secure electronic environment. The payer provides
a full range of services including innovative approaches to plan
design, cost containment, risk management, wellness, disease
management, and plan administration. About Claimsnet.com --
Claimsnet is a leading provider of electronic transaction and paper
claim handling services for the healthcare industry. Headquartered
in Dallas, Claimsnet offers services 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, Web site: http://www.claimsnet.com/
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