Claimsnet Notes New Contract with Provider of Custom Network Operations, TPA Services

November 6, 2003

Dallas-based inc., a provider of Internet-based ASP electronic claim processing solutions for the healthcare industry, announced that a provider of custom network operations and TPA services has elected to use Claimsnet’s system and services.

The company, headquartered in Illinois, provides specialty provider networks for 250,000 lives throughout the Midwest and Southern California, and has reportedly developed state of the art systems and administrative technologies for their marketplace. They are a next generation health care system, offering a blend of conventional TPA and PPO services that deliver maximum value, streamlined response, enhanced savings and improved outcomes to clients and their customers.

The company will use Claimsnet’s Internet-based system and clearinghouse services to allow submission of health insurance claims from a wide array of providers throughout their network. “We are very pleased to be working with this provider of health care services. Their requirements called for a powerful, flexible and cost- effective solution and we were able to accommodate their needs,” commented Don Crosbie, CEO of Claimsnet. “Implementation is now in process and the client should be fully operational soon.”

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