Accreditation ensures continued compliance with industry-established standards for all health data processing and transactions
DALLAS, Jan. 13, 2011 /PRNewswire/ -- Claimsnet.com (OTC Bulletin Board: CLAI), a leading provider of electronic transaction solutions to the healthcare industry, announces today it has achieved full accreditation with the Healthcare Network Accreditation Program (HNAP) from the Electronic Healthcare Network Accreditation Commission (EHNAC). EHNAC's HNAP accreditation recognizes excellence in health data processing and transactions, and indicates compliance with industry-established standards and HIPAA regulations.
Through the consultative review process, EHNAC evaluated Claimsnet.com in areas of privacy measures, systems availability and security infrastructure. In addition, EHNAC reviewed the organization's process of managing and transferring protected health information ("PHI") and determined that the organization meets or exceeds all EHNAC criteria and industry standards.
"Claimsnet is extremely pleased to once again receive this industry recognition," said Don Crosbie, Claimsnet's President and Chief Executive Officer. "Through completion of the rigorous accreditation process, the organization demonstrates to its constituents' adherence to strict standards and participation in the comprehensive, objective evaluation of its business. EHNAC Accreditation validates the efforts of the Claimsnet staff in delivering excellence in support of our healthcare customers and business partners."
"With recent changes in legislation and compliance requirements, this is a crucial time for healthcare networks to ensure that they're adhering to the latest standards in privacy, security and confidentiality," noted Lee Barrett, executive director of EHNAC. "In order to earn EHNAC HNAP accreditation, healthcare networks are required to demonstrate excellence and a commitment to ensuring the security and privacy of health data processing and transactions for their customers. Claimsnet joins this select group of HNAP-accredited organizations."
About Claimsnet.com
Claimsnet.com inc. is a leading provider of Internet-based claim processing solutions for the healthcare payer industry, including distinctive, advanced ASP technology. Headquartered in Dallas, Texas, Claimsnet offers systems 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.
About EHNAC
The Electronic Healthcare Network Accreditation Commission (EHNAC) is a voluntary, self-governing standards development organization (SDO) established to develop standard criteria and accredit organizations that electronically exchange healthcare data. These entities include electronic health networks, payers, financial services firms, health information exchanges and e-prescribing solution providers.
EHNAC was founded in 1993 and is a tax-exempt 501(c)(6) nonprofit organization. Guided by peer evaluation, the EHNAC accreditation process promotes quality service, innovation, cooperation and open competition in healthcare. To learn more, visit www.ehnac.org or contact [email protected].
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 suppliers 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.
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