Claimsnet Announces Expansion of Existing Customer Services Contract to Include Paper Claims Conversion to EDI
September 14 2004 - 11:30AM
PR Newswire (US)
Claimsnet Announces Expansion of Existing Customer Services
Contract to Include Paper Claims Conversion to EDI DALLAS, Sept. 14
/PRNewswire-FirstCall/ -- Claimsnet.com inc. (OTC:CLAI) (BULLETIN
BOARD: CLAI) , a leading provider of Internet-based ASP electronic
claim processing solutions for the healthcare payer industry,
announced today that an existing customer in Ft. Worth, Texas has
added paper claims processing to their services contact. The
company is an insurance holding company providing accident, health
and supplemental insurance. "This selection of the expanded service
will allow the customer to reduce their overall cost of claim
processing, receive repriced claims electronically, and
significantly reduce the volume of paper claims received since
Claimsnet aggressively pursues direct electronic connectivity with
providers. Adding paper claims processing to our ability to collect
electronic claims from providers, clearinghouses, and trading
partners, and make sure all those claims meet the business
requirements of the payer and the specific requirements of the
payer's processing systems is being well received," commented Don
Crosbie, chief executive officer of Claimsnet. "Implementation of
the additional services is now in process and we expect to be fully
operational within the next few weeks." 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., +1-972-770-1892, or Web site:
http://www.claimsnet.com/
Copyright