Claimsnet to Provide Services to Preferred Provider Organization
December 16 2003 - 2:00PM
PR Newswire (US)
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/
Copyright