Claimsnet Announces Claims Processing Agreements With Two New Payer Organizations
December 21 2006 - 12:06PM
PR Newswire (US)
DALLAS, Dec. 21 /PRNewswire-FirstCall/ -- Claimsnet.com inc. (OTC
Bulletin Boards: CLAI), a leading provider of Internet-based ASP
electronic claim processing solutions for the healthcare industry
announced today agreements to provide claims processing services to
two additional payer organizations. Under the agreement, claims
will be sent from provider organizations to the payer organizations
using Claimsnet advanced ASP technology, so reducing the cost of
claims handling through reduction of claim volume that had
previously been paper intensive. "These two payers, one based in
Florida and the other based throughout the north east are
organizations that have continually explored ways to expand
services and develop solutions to simplify the process of managing
the claim flow, so 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. Claimsnet
currently provides end-to-end connectivity for providers, provider
service organizations, and payers for electronic claim and
remittance advice transactions. These additional customer
relationships help 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 January 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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