DALLAS, Oct. 20 /PRNewswire-FirstCall/ -- Claimsnet.com inc. (OTC:CLAI) (BULLETIN BOARD: CLAI) , a leading healthcare electronic transactions services company and Unicomp Corp of America (UCoA), a leading provider of work process automation software and services, announced today an agreement to deliver secondary claims to insurance carriers (payers) in an electronic HIPAA compliant 837 format that includes coordination of benefits (COB) data segments. Under the agreement, secondary claims aggregated by UCoA will be routed to selected payers using Claimsnet's web portal tools and proprietary systems. UCoA services more than 20,000 providers in over 30 states with its Impower suite of technology-based document management and workflow solutions. "This unique partnership will facilitate the electronic delivery of secondary claims, which benefits the provider and payer," stated Claimsnet president Kent McRee. "The market is moving quickly to paperless healthcare transactions through service hubs that can encompass the complete revenue cycle with end-to-end solutions including the electronic claim on the front end, to the remittance or payment information on the back end." Mr. McRee went on to say, "Claimsnet will provide the technology, multiple payer connections, and expertise to move high volumes of claims in a secure electronic environment." Mr. McRee added, "Claimsnet currently provides end- to-end connectivity for providers, provider service organizations, payers and banking institutions for electronic claim and payment transactions along with consumer-directed healthcare (CDH) related point-of-service transactions." Marty Kaplan, President and CEO of UCoA, noted, "We have been an innovator in automating the secondary claim process for the past nine years. Our secondary claims software product has traditionally resided on the provider's computer system, and seamlessly integrates with their practice management software to simultaneously produce an electronic file of HCFA-1500 formatted secondary claims and corresponding single-patient explanation of benefits (EOB's). The file is securely transmitted to Unicomp's service facility for printing and mailing to the payer. A recently introduced software-as-a- service (SaaS) alternative product enables the smaller provider organization to access the secondary claims automation process through our hosted transaction-based subscription service, without requiring an upfront software investment." Mr. Kaplan added, "Our joint venture with Claimsnet further enhances the claim delivery portion of this process by forwarding the claim digitally to the payer. The efficiencies accrued at the payer, by processing a HIPAA compliant 837 secondary claim format, enables speedier payment to the provider. The combined benefits of faster delivery to the payer and improved payer productivity increases the provider's cash flow." "We are really excited about the momentum we are gaining in the medical claims and payments market space," stated Don Crosbie, Chairman and CEO of Claimsnet. "This partnership with UCoA is just further proof that we are headed in the right direction." About Claimsnet.com - Since 1996, Claimsnet has been providing Internet- based, business-to-business transaction services and solutions for the healthcare industry, including distinctive, advanced ASP technology for online healthcare transaction processing. 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/ . About Unicomp - Since 1979, UCoA has been developing innovative software products for the medical community. Now nearly three decades later, as the healthcare industry has grown and evolved, so have the information technology needs of this dynamic marketplace. UCoA is on the cutting-edge of this evolution with its powerful and flexible Impower document management application, which leverages the latest technology and delivers cost-effective solutions to a broad range of medical specialties. More information on UCoA can be found at the company's web site at: http://www.ucoa.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, Ext. 112, or , or Kent McRee, Ext. 107, or , both of Claimsnet.com inc., +1-972-458-1701; or Marty Kaplan of Unicomp Corp of America, +1-954-755-1710, Ext. 301, or Web site: http://www.claimsnet.com/ http://www.ucoa.com/

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