Claimsnet Contracts With New York Based Customer for Both Electronic and Paper Claims Processing Services
September 08 2004 - 10:30AM
PR Newswire (US)
Claimsnet Contracts With New York Based Customer for Both
Electronic and Paper Claims Processing Services DALLAS, Sept. 8
/PRNewswire-FirstCall/ -- Claimsnet.com inc. (OTC:CLAI) (BULLETIN
BOARD: CLAI) , a leading provider of Internet-based ASP electronic
claim processing solutions for the healthcare industry, announced
today that a well-established non-profit Managed Long Term Care
Plan has elected to use Claimsnet's system and services. This
Health Plan serves members in the New York Metropolitan area and
allows frail elderly and disabled adults to stay in their own homes
as long as possible, while they receive high quality comprehensive
care. They also have access to a wide array of social and
therapeutic activities at modern Day Health Centers. The Health
Plan will use Claimsnet's Internet-based system and clearinghouse
services to easily and accurately allow submission of health
insurance claims from the array of providers throughout their
network. They will also use Claimsnet new service offering allowing
paper claim conversion in addition to electronic claims submission.
"We are very pleased to be working with this New York based Health
Plan. Their requirements called for an innovative, proven solution,
encompassing both paper and electronic claims submission, and we
were able to meet their needs," commented Don Crosbie, chief
executive officer of Claimsnet. "Implementation is in process and
we expect to be fully operational within several months. This new
client is now added to the total of 50 plus client and business
partner relationships that Claimsnet has added in the last 15
months, and is indicative of the acceptance our system is receiving
in the healthcare market place." 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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