Claimsnet Receives EHNAC Accreditation
February 13 2007 - 4:43PM
PR Newswire (US)
DALLAS, Feb. 13 /PRNewswire-FirstCall/ -- Claimsnet.com inc.
(OTC:CLAI) (BULLETIN BOARD: CLAI) , a leading provider of Internet
based ASP electronic claims processing solutions for the healthcare
industry, announced today that its electronic data interchange
(EDI) clearinghouse has received full accreditation by the
Electronic Healthcare Network Accreditation Commission (EHNAC).
EHNAC -- which establishes criteria for measuring the performance
of clearinghouses and value-added networks -- is a not-for-profit
accrediting agency that provides independent peer evaluation of an
organization's ability to perform at industry-established levels.
Claimsnet's clearinghouse business, which has grown significantly
in the past few years, was one of the first companies to adopt
internet technology for the transmissions of electronic health care
claims, within a secure environment. It has continued to expand its
customer base, and connectivity in all geographic areas of the
country, including Hawaii, using a combination of direct payer
connectivity and intermediary links to provide an all payer
solution to its provider customers, and sophisticated connectivity
for its payer customers resulting in a very high auto adjudication
rate. Lee Barrett, executive director of EHNAC said of
Claimsnet.com: "Today Claimsnet.com joins a select group of
clearinghouses that have demonstrated to independent third party
evaluators their ability to deliver their services consistent with
the only standards in the industry that measure the overall
business practices of a clearinghouse." "EHNAC accreditation
represents a significant milestone in our efforts to be a full
service clearinghouse, with wide connectivity within the industry,"
said Don Crosbie, CEO of Claimsnet. "Our history of technology
innovation has enabled us to deliver high performance solutions
that help create a more connected healthcare industry." About
Claimsnet.com -- Claimsnet is a leading provider of Internet-based
claim processing solutions for the healthcare payer industry,
including distinctive, advanced ASP technology. 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/ . About EHNAC -- EHNAC is an independent,
not-for-profit accrediting agency that provides independent peer
evaluation of an organization's ability to perform at
industry-established levels. EHNAC's function is to promote
administrative simplification and cost savings in the healthcare
industry and to provide the healthcare transaction industry with an
independent capability to develop industry standards, known as
EHNAC Criteria. The mission of EHNAC is to promote standards,
quality service, innovation, cooperation and open competition
within the healthcare EDI industry: Establishes minimum criteria
for industry self-regulation. * Encourages firms in the industry to
improve performance. * Facilitates open market access and
competition ("open access" referring to acceptance of transactions
from any source or routing.) * Fosters consistency in transmitted
information. * Enhances customer service and satisfaction.
("Customers" include providers, payers, intermediaries and third
parties.) The EHNAC Commission seeks to accredit entities that send
or receive HIPAA regulated transactions, or that transport or
process EDI transactions between two or more trading partners in
the healthcare community. These entities include, but are not
limited to, clearinghouses, transactions processors, value-added
networks (VANs), payers, providers and provider management
organizations. http://www.ehnac.org/ . Safe Harbor Statement under
the Private Securities Litigation Act 1995 -- This press release
contains forward-looking statements that reflect our current
assumptions and expectations regarding future events. While these
statements reflect our current judgment, they are subject to risks
and uncertainties. Actual results may differ significantly from
projected results due to a number of factors, including, but not
limited to the soundness of our business strategies relative to the
perceived market opportunities; our ability to successfully
develop, market, sell, cross-sell, install and upgrade our clinical
and financial transaction services and applications to current and
new physicians, payers, medical laboratories and pharmacies; our
ability to compete effectively on price and support services; our
assessment of the healthcare industry's need, desire and ability to
become technology efficient; and our ability and that of our
business associates to comply with various government rules
regarding healthcare and patient privacy. These and other risk
factors are more fully discussed in our filings with the Securities
and Exchange Commission, which we strongly urge you to read. We
expressly disclaim any intent or obligation to update any
forward-looking statements. When used, the words "believes,"
"estimated," "expects," "anticipates," "may" and similar
expressions are intended to identify forward-looking statements.
DATASOURCE: Claimsnet.com inc. CONTACT: Don Crosbie of
Claimsnet.com inc., +1-972-458-1701, Ext. 112, or Web site:
http://www.claimsnet.com/ http://www.ehnac.org/
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