Navigation Links
Cash Technologies Subsidiary Signs Services and Licensing Agreement With Health Payment Systems

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 approximately 2,000 doctors throughout the U.S. HPS will participate in the recurring revenue generated from the use of the products by HPS clients.

"Claim-Remedi's software products fit seamlessly into our mission to assist our clients to improve their revenue collection efficiency," stated Bruce Lefco, HPS's Chairman and CEO. "In addition, HPS will leverage its relationships to bring complimentary products to the market that can generate additional revenue for HPS."

Bruce Korman, CEO of Claim-Remedi, stated, "HPS has responded to the recent advent of high-deductible health plans with a sophisticated solution that improves the revenue cycle for healthcare providers. The financial relationships they have developed with providers make them a natural partner for marketing the Claim-Remedi suite of products."

About HPS

Health Payment Systems, Inc. utilizes patent pending technology and innovative provider contracting methods to help reduce overall health care costs by minimizing the time it takes to pay providers for their services and eliminating the chaos consumers face with the glut of statements, bills and insurance explanation-of-benefits forms. For more information, please visit

About Cash Technologies

Cash Technologies, Inc. develops and markets innovative data processing solutions in the healthcare and financial services industries. Its ClaimRemedi Services, Inc. subsidiary creates and markets healthcare revenue acceleration solutions -- learn more at

Matters discussed in this release include forward-looking statements that involve risks and uncertainties, and actual results may be materially different. Factors that could cause actual results to differ include technical barriers that prevent the implementation or success of Cash Tech's technologies and products, competition within the debit card, employee benefits and healthcare industries, activity levels in the securities markets and other risk factors disclosed in Cash Tech's reports to the Securities and Exchange Commission, including its Forms 10-QSB and Forms 10-KSB on file with the SEC.

Media Contact:

Ed King

213-745-2000 Ext. 114

SOURCE Cash Technologies, Inc.
Copyright©2007 PR Newswire.
All rights reserved

Related medicine news :

1. Planet Technologies Announces Agreement to Acquire Antigen Laboratories
2. Cardiovascular Technologies to be Highlighted at 5th Annual Cleveland Clinic Medical Innovation Summit, Oct. 1-3
3. VNUS Medical Technologies Announces Resignation of Chief Financial Officer and VP, Finance & Administration
4. Osteotech to Present at First Albany Capitals Regenerative Technologies Conference in New York
5. ReBuilder Medical Technologies, Inc. Reports International Sales Expansion
6. Advanced technologies aim to transform the coaching of top athletes
7. Global Med Technologies(R) Extends Its Worldwide Outreach
8. Acuo Technologies(R) Names Mike Dolan Vice President of Sales
9. ReBuilder Medical Technologies, Inc. Signs Agreement for Distribution in Maine
10. Neurobiological Technologies Reports Going Concern Qualification
11. MedCom USAs Subsidiary Card Activation Technologies, Inc.s SB2 Registration Declared Effective by SEC
Post Your Comments:
(Date:6/24/2016)... ... 24, 2016 , ... Global law firm Greenberg Traurig, P.A. announced that 20 ... by their peers for this recognition are considered among the top 2 percent of ... honors as members of this year’s Legal Elite Hall of Fame: Miami Shareholders ...
(Date:6/24/2016)... ... June 24, 2016 , ... Comfort Keepers® of San ... Society and the Road To Recovery® program to drive cancer patients to and from ... adults to ensure the highest quality of life and ongoing independence. Getting to ...
(Date:6/24/2016)... ... June 24, 2016 , ... People across the U.S. ... magazine’s Code Talker Award, an essay contest in which patients and their families pay ... be presented at the 2016 National Society of Genetic Counselors (NSGC) Annual Education Conference ...
(Date:6/24/2016)... New York, NY (PRWEB) , ... June 24, ... ... lifestyle publication Haute Living, is proud to recognize Dr. Barry M. Weintraub as ... believes that “the most beautiful women in the world, and the most handsome ...
(Date:6/24/2016)... ... June 24, 2016 , ... ... feeding the Frederick area economy by obtaining investment capital for emerging technology companies. ... 2½ years that have already resulted in more than a million dollars of ...
Breaking Medicine News(10 mins):
(Date:6/24/2016)...  Arkis BioSciences, a leading innovator in the ... cerebrospinal fluid treatments, today announced it has secured ... led by Innova Memphis, followed by Angel Capital ... Arkis, new financing will accelerate the commercialization of ... of its in-licensed Endexo® technology. ...
(Date:6/23/2016)... 23, 2016 Research and Markets ... Market by Type (Organic Chemical (Sugar, Petrochemical, Glycerin), Inorganic ... Coating, Parenteral) - Global Forecast to 2021" report ... The global pharmaceutical excipients market is projected to ... of 6.1% in the forecast period 2016 to 2021. ...
(Date:6/23/2016)... , June 23, 2016 ... CAPR ), a biotechnology company focused on ... today announced that patient enrollment in its ongoing ... Duchenne) has exceeded 50% of its 24-patient target. ... in the third quarter of 2016, and to ...
Breaking Medicine Technology: