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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

plans to expand their electronic health care network in the northeast and ultimately throughout the United States. The company is currently in negotiations with several other health systems and provider networks and is also engaging small business owners.

"Employers currently unable to afford health coverage for their employees will now have another option," explains Wolfson. "By participating in the Network employers can contribute to their employees' health care by adding funds through the stored-value function of the consumer card. The employees can then use the card to purchase routine medical services at any participating HealthTransaction Network location -- nationwide."

Two health systems in Western New York have signed on as the Network's first provider participants. TLC Health Network and Brooks Memorial Hospital will install Network transaction terminals at their many locations and will offer routine medical services at reduced costs to consumers that subscribe to the Network beginning in the second quarter of 2008.

"This new program is just the beginning of an exciting new vision for TLC Health," said Louis Frascella, TLC Health President and CEO. "By participating in the Network, we are increasing access to preventive and wellness services that will ultimately decrease the number of patients that delay care until they are very sick."

Studies show that increasing access to preventive medical care decreases health care costs and improves outcomes for patients.

"The challenges of paying for health care touch too many hard working Americans and their families," said Wolfson. "We created HealthTransaction Network to be the first of its kind -- a health network that makes health care more affordable and allows the consumer to pay for only those services they need, when they need them."

For more information visit http://www.healthtransactionnet.com.
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SOURCE HealthTransaction Network(R)
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