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Cash Technologies Subsidiary Signs Services and Licensing Agreement With Health Payment Systems
Date:11/9/2007

LOS ANGELES, Nov. 9 /PRNewswire-FirstCall/ -- Cash Technologies, Inc. (Amex: TQ) announced that its wholly owned subsidiary, Claim-Remedi Services, Inc. has entered into a Services Agreement (the "Agreement") with Health Payment Systems, Inc. ("HPS") to market Claim-Remedi's healthcare revenue cycle products to HPS customers. HPS has developed the first healthcare receivables financing program in the burgeoning high-deductible and self-insured healthcare markets which guarantees payment to healthcare providers within 20 days and assures patients and employers of the deepest managed-care discounts. The HPS Prompt Payment System(SM) adds value for each of its four stakeholders: (i) the healthcare provider; (ii) the third-party claim administrator; (iii) the employer plan sponsor; and (iv) the participating employees.

Under the two-year Agreement, HPS shall have the right to offer Claim-Remedi's Products to HPS's network of hospitals and physicians. Claim-Remedi offers a suite of products that can dramatically improve the ability of providers to get paid by insurance companies and health plans. Claim-Remedi's claim editor, called Pro837(TM), is capable of accelerating payments by allowing providers to identify and correct faulty claims before they are submitted, saving weeks or months of collection delays. ProIdentify(TM) allows a provider to determine the active and deductible status of virtually any patient's insurance in 3-7 seconds from a web browser, eliminating long phone calls or online searches with insurers. ProClaimSubmit(TM) is a full function clearinghouse that acts as hub for providers to electronically deliver claims to virtually any commercial and government insurer. The products are in use by approxim
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SOURCE Cash Technologies, Inc.
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