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Buffalo Company Launches First-ever National Electronic Transaction Network to Improve Health Care Access for Uninsured and Underinsured
Date:1/31/2008

HealthTransaction Network(R) keeps costs down and improves access by

connecting health care facilities and consumers

BUFFALO, N.Y., Jan. 31 /PRNewswire/ -- HealthTransaction Network(R) is creating the first-ever nationwide health care provider network to provide routine wellness and preventive care services to underserved populations at affordable costs, the company announced today.

HealthTransaction Network connects providers and consumers using an electronic transaction network system that quickly, securely and efficiently facilitates and processes transactions between the parties. The Network operates using a shared processing infrastructure, consumer cards and a new electronic transaction terminal device located at participating provider sites.

"The Network is a win-win for health care consumers and providers," said Joseph E. Wolfson, President and CEO of HealthTransaction Network. "It reduces costs for the provider making it possible for them to offer routine medical services at more affordable rates to the consumer, thereby improving access and patient outcomes."

Participation in the Network is open to all health care providers nationwide and consumers can access and purchase services by subscribing and obtaining a card from a participating provider or employer. The cards incorporate biometric technologies to ensure patient identification (e.g., fingerprint and signature verification), and also may be used as a stored value card. Consumers will pay only a minimal processing fee to obtain a card and subscribe to the Network.

The types of services that will be available to consumers that subscribe to the Network include preventive, wellness and routine services such as physicals, dental cleanings, eye exams mammograms and x-rays. All services will be available on a per transaction basis, and consumers will also have access to generic prescriptions for as low as $7.00.

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