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Claimsnet Signs Electronic Transaction Services Agreement With Carolina Behavioral Health Alliance

Posted on: Tuesday, 10 July 2007, 12:22 CDT

DALLAS, July 10 /PRNewswire-FirstCall/ -- Claimsnet.com inc. (BULLETIN BOARD: CLAI.OB) , a leading provider of electronic transaction services to the Healthcare industry, announced today the signing of an agreement with Carolina Behavioral Health Alliance (CBHA) for services associated with electronic healthcare transactions. CBHA is a provider-owned managed behavioral health organization dedicated to delivering quality mental health and chemical dependency services. Based in Winston-Salem, NC, CBHA is owned by three not-for-profit North Carolina medical schools: East Carolina University, University of North Carolina at Chapel Hill, and Wake Forest University Health Sciences. Under the terms of the agreement, Claimsnet will serve as the communications link between Carolina Behavioral Health Alliance and healthcare providers for the electronic delivery of claims and other related transactions

"CBHA is excited about partnering with Claimsnet to be our clearinghouse. As we strive to improve our services and to continue to serve our provider network, we are confident this is a step the right direction." - Judy Briggs, CEO CBHA

"Claimsnet is extremely pleased to add Carolina Behavioral Health Alliance to our growing list of healthcare payer clients," said Gary Austin, Claimsnet's President and Chief Operating Officer, "and we are looking forward to completing the implementation process which is currently under way."

About Carolina Behavioral Health Alliance -- CBHA, a licensed TPA specializing in self-insured employer groups, offers intake and triage services, utilization review/case management, an extensive provider network, claims processing and disease management for depression and anxiety. CBHA manages behavioral health benefits with an emphasis on customer service. CBHA operates by the motto, "Doing the Right Things for the Right Reasons."

About Claimsnet.com -- Claimsnet is a leading provider of electronic transaction services for the healthcare industry. Headquartered in Dallas, Claimsnet offers services that are distinguished by ease of use, customer care, security and measurable cost advantages. More information on Claimsnet can be found at the Company's web site at http://www.claimsnet.com/.

Safe Harbor Statement Under the Private Securities Litigation Act 1995 -- With the exception of historical information, the matters discussed in this press release are forward looking statements that involve a number of risks and uncertainties. The actual future results of the company could differ significantly from those statements. Factors that could cause or contribute to such differences include, but are not limited to, maintaining access to external sources of capital, regulatory actions, success of marketing strategies, actions of the Company's competitors, dependence on business partners and distribution channels, and continued use of the Internet. Further information on the Company's risk factors is contained in the Company's quarterly, annual, and other periodic reports as filed with the Securities and Exchange Commission.

Claimsnet.com inc.

CONTACT: Don Crosbie of Claimsnet.com inc., +1-972-458-1701, ext. 112,dcrosbie@claimsnet.com

Web site: http://www.claimsnet.com/

Source: PRNewswire-FirstCall

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