Claimsnet.com to Provide Services to Full Service Third Party Administrator

Claimsnet.com to Provide Services to Full Service Third Party Administrator

DALLAS, Dec. 14 /PRNewswire-FirstCall/ -- Claimsnet.com inc. (BULLETIN BOARD: CLAI) , a leading provider of Internet-based ASP electronic claim processing solutions for the healthcare industry, announced today that a well established Third Party Administrator (TPA) in Washington has elected to use Claimsnet's system and services.

This TPA offers a broad platform of services to insurers, brokers and employers including leadership in the complicated area of Medicare, allowing for fast and accurate service for retirees and providers in a highly cost effective manner. Founded in 1989 to help providers and hospitals grow their Medicare market share, in 1993 the company took their knowledge one step further and entered the employer self-funded market. Always an innovator, in 1999 they entered into a contract to provide administrative services for the nation's first Medicare Advantage Private Fee-For-Service plan, further qualifying themselves as a true leader in the TPA marketplace.

"We are very pleased to be working with this west coast based TPA. Their requirements called for an innovative, proven solution and we were able to meet their needs," commented Don Crosbie, chief executive officer of Claimsnet. "Implementation is now in process and the client should be fully operational soon."

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.


Source: Claimsnet.com inc.

CONTACT: Don Crosbie of Claimsnet.com inc., +1-972-770-1892, or
dcrosbie@claimsnet.com

Web site: http://www.claimsnet.com/


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