Claimsnet and Healthaxis Sign Reciprocal Agreements to Streamline Electronic Transactions to the Healthcare Payer Market DALLAS, Aug. 10 /PRNewswire-FirstCall/ -- Claimsnet.com, inc. (OTC:CLAI) (BULLETIN BOARD: CLAI) , a leading provider of Internet-based business-to- business solutions for the healthcare industry, and Healthaxis, (NASDAQ:HAXS) a national leader in business process outsourcing services, announced today the signing of reciprocal agreements whereby each company will offer the claims transaction services of the other to their respective clients. The purpose of this alliance is to assist the customers of both companies with integrating more of their front-end claims processing needs so that they can offer their customers market leading integrated solutions to reduce the cost of processing a health insurance claim. Under the terms of the Agreements, Claimsnet will market Healthaxis' outsourcing services, including mailroom functions and conversion of paper claims to EDI through scanning, imaging and OCR technology. Healthaxis will market Claimsnet's Internet-based clearing house solutions to help its customers make the transition to electronic claims processing and enhance EDI throughput to enable them to lower claims processing costs. "The combination of these two services is one of the critical components required to streamline the claims workflow process to allow payers to substantially enhance their electronic claims processing," said Chuck Ramsburg, Healthaxis' Chief Revenue Officer. "This integrated solution fills a key link in our total front-end solution and allows Healthaxis to work with payers to manage the costly process of repricing for primary and secondary PPO networks. Healthaxis can also facilitate out-of-network repricing enabling its customers to manage their business through a single source." "We are extremely pleased to team with Healthaxis in offering our clients a total claims solution," stated Gary Austin, Chief Operating Officer of Claimsnet. About Healthaxis Inc. -- Healthaxis is a leading technology enhanced provider of fully integrated business process outsourcing and claims and administration solutions and services for health benefit administrators and health insurance claims processors. For information on Healthaxis products and services, call 800-519-0679 or visit http://www.healthaxis.com/ . For investor information, call 972-458-8000. 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 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/ http://www.healthaxis.com/

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