Eldorado Computing Teams Up With Claimsnet.com to Deliver Internet-Based Claims Clearinghouse Services to Its 150 Healthcare Pay
April 19 2004 - 12:24PM
PR Newswire (US)
Eldorado Computing Teams Up With Claimsnet.com to Deliver
Internet-Based Claims Clearinghouse Services to Its 150 Healthcare
Payer Clients PHOENIX and DALLAS, April 19 /PRNewswire-FirstCall/
-- Eldorado Computing, Inc. (ECI), a recognized leader in
integrated, HIPAA compliant software and ASP solutions for health
benefits management, announces a strategic partnership with
Claimsnet, (BULLETIN BOARD: CLAI) , a leading provider of
Internet-based ASP claims processing solutions for the healthcare
payer industry. Under the agreement, ECI will market Claimsnet as
one of its preferred Internet-based claims clearinghouse solution
to its 150 healthcare payer clients. According to the terms of the
one year alliance ECI can accept EDI from any claims clearinghouse.
ECI clients will benefit from the synergy of Claimsnet's efficient
claims processing and ECI HEALTHpac's automated claims
adjudication, benefits administration, contract management,
automated workflow and HIPAA compliant tools. "Our philosophy is to
partner with best of breed technology companies that compliment
Eldorado's HEALTHpac system," explains Zane Bell, CEO of Eldorado
Computing. "This strategic alliance with Claimsnet re-affirms our
commitment to providing our healthcare payer clients with the best
claims clearinghouses that will offer them significant time and
cost savings associated with EDI and auto-adjudication
technologies." Claimsnet offers a highly secure connection and
scalable Internet architecture that speeds deployment and minimizes
expenses associated with claims submission and claims payment.
Internet claims submission helps providers by reducing the
traditional lag time between claims submission and payer
acceptance, and assists payers by minimizing manual data entry,
scanning, and claims editing. "Our partnership with ECI is a
win-win for all parties," explains Don Crosbie, chief executive
officer of Claimsnet. "Claimsnet will gain access to ECI's
extensive payer base who will benefit from Claimsnet's real-time
Internet-based claims services, which deliver more efficient and
timely claims processing as well as reduced administrative costs."
About Claimsnet Claimsnet.com inc. 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 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. About Eldorado Computing, Inc. Based in Phoenix Ariz.,
Eldorado Computing, Inc. is a recognized leader in providing
integrated software and ASP solutions for health benefits
management. The company serves hundreds of third-party
administrators (TPAs), health plans, employers and self-insured
organizations. Together, Eldorado's customers manage seven million
lives and handle 43.2 million claims annually. For more
information, contact 602-604-3100 or visit the website at
http://www.eldocomp.com/ . DATASOURCE: Claimsnet.com inc.; Eldorado
Computing, Inc. CONTACT: Kate Donlon, +1-480-664-7769, or , for
Eldorado Computing, Inc.; or Don Crosbie of Claimsnet.com inc.,
+1-972-458-1701, ext. 112, or Web site: http://www.claimsnet.com/
http://www.eldocomp.com/
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