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MedAvant and Claimsnet Form Strategic Partnership
Date:1/21/2009

Provides Time-Saving Transaction Solutions to Claimsnet Providers

DALLAS, Jan. 21 /PRNewswire/ -- Claimsnet.com (OTC Bulletin Board: CLAI) today announced an agreement with MedAvant Healthcare Solutions (MedAvant) to provide a private label real-time portal for Claimsnet providers.

"By partnering with MedAvant, we will be able to help our providers enhance staff productivity and ultimately improve cash flow--a must in today's market of tightening margins," said Gary Austin, President & COO of Claimsnet. "Our clients will experience faster, error-free claims submissions leading to reduced A/R days and expedited payments."

Using the MedAvant Premium Services Portal will enable Claimsnet to provide real-time eligibility and claims status transaction capabilities to its providers. Real-time eligibility verifies a patient's insurance and benefits coverage electronically, which helps providers increase upfront collections, reduce manual verification of insurance information, improve the accuracy of bills and streamline workflow. Providers can also use the MedAvant portal to quickly determine the status of a claim and establish if it is pending, in review or rejected.

"We are proud to partner with Claimsnet and offer its providers time-saving applications that will allow them to operate more efficiently and improve the financial health of their practices," said Andrew Lawson, president of MedAvant. "The MedAvant portal will extend Claimsnet's claims processing capabilities and provide clients a more complete service offering."

About Claimsnet.com

Claimsnet is a leading provider of electronic transaction and paper claim handling services for the healthcare industry. Claimsnet partners with businesses seeking to reduce healthcare administrative costs, promoting their success by providing them with technology and services. Headquartered in Dallas, Claimsnet
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SOURCE Claimsnet.com
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