Claimsnet to Provide Services to Preferred Provider Organization DALLAS, Dec. 16 /PRNewswire-FirstCall/ -- Claimsnet.com (BULLETIN BOARD: CLAI) , a leading provider of Internet-based ASP electronic claim processing solutions for the healthcare payer industry, announced today that it has contracted to provide a preferred provider organization (PPO) with a HIPAA transaction portal and claims clearinghouse services. This PPO is based in South Dakota and services areas including Iowa, Minnesota, Wyoming, North and South Dakota, Colorado, Montana, Nebraska, Utah and Idaho. Its mission is to promote quality, cost-effective healthcare services and enhance the relationship between providers, payers and members. The PPO made its decision to use Claimsnet services based on an integrated solution with repricing vendors, cost-effective and user-friendly EDI solutions, and connectivity within the clearinghouse industry. "These services to help the PPO achieve transaction code set HIPAA compliance and expanded EDI connectivity builds on our product offerings to the healthcare community. Our ability to leverage proven technology and substantial industry expertise into a wider set of cost-effective solutions was a key to winning this customer," commented Don Crosbie, chief executive officer of Claimsnet. "Implementation is now in process and we expect the system to be fully operational soon." With this announcement Claimsnet has signed more than 20 payer contracts and business partner relationships in 2003 and continues its sales plan to reach the approximately 3,000 organizations in the healthcare payer business community, including insurance companies, health maintenance organizations, preferred provider organizations, third party administrators and related entities. 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 CONTACT: Don Crosbie of Claimsnet.com, +1-972-458-1701, ext. 112, or Web site: http://www.claimsnet.com/

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