Claimsnet Announces New Contract With a Third Party Administrator
November 20 2003 - 3:00PM
PR Newswire (US)
Claimsnet Announces New Contract With a Third Party Administrator
DALLAS, Nov. 20 /PRNewswire-FirstCall/ -- Claimsnet.com inc.
(BULLETIN BOARD: CLAI) , a leading provider of Internet-based ASP
electronic claim processing solutions for the healthcare industry,
announced today that a Third Party Administrator (TPA) located in
Pennsylvania has elected to use Claimsnet's system and services.
This TPA, founded several years ago, and specializing in group life
insurance and special risk products, has recently reorganized to
better serve its clients. As part of the reorganization, the TPA
wanted a claims processing system that incorporates the latest in
technology to improve their information systems infrastructure. "We
are very pleased to be working with this TPA. Their requirements
called for something that moved their technology into the 21st
century, and we were able to meet their requirements," commented
Don Crosbie, chief executive officer of Claimsnet. "The first phase
of implementation is complete and we are ready to support the
client's transition to a new adjudication system." About
Claimsnet.com -- Claimsnet is a leading provider of Internet-based,
business-to-business solutions for the healthcare industry,
including distinctive, advanced ASP technology for online
healthcare transaction processing. 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 suppliers 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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