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Press Release - Claimsnet.com inc. (CLAI.OB-OTC: BB) |
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“There is still a lot of growth taking place in the healthcare industry. The claims are growing in their numbers and complexity. People want to be paid faster and more efficiently and they are trying to reduce the administrative costs associated with the processing of claims. We are helping them do that and we think there is a good opportunity going forward of continued growth both organically and by acquisition.” - Donald B. Crosbie (CLAI) (Interview published May 9, 2008) |
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FOR IMMEDIATE RELEASE: Claimsnet Announces Claims Processing Agreement with New Payer Organization Dallas, Texas – September 4, 2008 - Claimsnet.com (OTCBB: CLAI.OB), a leading provider of electronic transaction and paper claim handling services to the healthcare industry, announced today that they have signed an agreement to provide claims processing services to an additional payer organization. Under the agreement, claims will be sent from provider organizations to the payer using Claimsnet advanced ASP technology, reducing the cost of claims handling. This payer, a regional multi-state Third Party Administrator (TPA), was seeking ways to reduce EDI costs and increase EDI transaction volume. Claimsnet will provide the technology, multiple connections, and expertise to receive and transmit these electronic health care transactions in a secure electronic environment. The payer provides a full range of services including innovative approaches to plan design, cost containment, risk management, wellness, disease management, and plan administration. About Claimsnet.com - Claimsnet is a leading provider of electronic transaction and paper claim handling services for the healthcare industry. Headquartered in Dallas , Claimsnet offers services 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 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. ###
Don Crosbie
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