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Texas Healthcare Provider Contracts with ETC; East Texas Firm to Use ETC's High Tech Services.


Business Editors

ADDISON, Texas--(BUSINESS WIRE)--April 7, 2000

Electronic Transmission Corp. (Nasdaq:ETSM). Access Direct, a Tyler, Texas Tyler is the county seat of Smith County in East Texas, United States. The city is named for President John Tyler in recognition of his support for Texas's admission to the United States.  headquartered preferred provider organization preĀ·ferred provider organization
n.
Abbr. PPO A medical insurance plan in which members receive more coverage if they choose health care providers approved by or affiliated with the plan.
, has named Addison-based ETC ETC - ExTendible Compiler. Fortran-like, macro extendible. "ETC - An Extendible Macro-Based Compiler", B.N. Dickman, Proc SJCC 38 (1971).  to perform all of the PPO's claims entry automation, repricing Repricing

To change the price of an asset. In derivatives, it sometimes refers to the exchange of options of with different strike prices.


repricing 
, and database transmission management.

"We are pleased to become a partner with this outstanding healthcare entity as the affiliation shifts the responsibility of electronic claims processing electronic claims processing Electronic billing The electronic–ie, by modem–submission of a bill to third-party payers, for physician services rendered  to us and allows Access Direct to concentrate its resources on provider service, customer service and the monitoring of healthcare quality issues," said Robert Fortier, ETC's chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. .

Access Direct is a two-year-old entity of the not-for-profit East Texas Medical Center Regional Healthcare System, a seamless network of primary, secondary, and tertiary healthcare facilities and services which was originated in the mid-1970s. Through its affiliation with ETMC ETMC East Texas Medical Center , Access Direct's HealthFirst plan has over 1,100 primary care physicians and physician specialists, 40 participating hospitals, approximately 80 ancillary providers and over 12,000 enrollees in its East Texas network. "Through our HealthFirst plan, employers can choose managed care insurance plans through our affiliations with insurance carriers, national networks and third party administrators," said Access Direct spokesperson Cindy Devasto. "And with our recent alignment with affiliated networks, our HealthFirst plan has complete statewide, as well as national, network capabilities. Delegating the systems and repricing process functions to ETC allows Access Direct to focus resources on issues that will enhance provider service and customer service."

ETC is a process technology company specializing in totally electronic medical claims processing and data transmission services. The six-year-old firm's unique paperless claims processing system eliminates paper claims, reduces or eliminates manual data entry and sorts claims electronically for managed care companies throughout the country.

The foregoing comments include statements indicated by words or phrases such as "expect," "estimate," "believe," "intend," "anticipate," "may" and similar expressions. Such words are intended to identify forward-looking statements forward-looking statement

A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections.
 and are based on current expectations and are subject to certain risks, uncertainties and assumptions, including without limitation, market factors and economic conditions. Electronic Transmission Corporation expressly disclaims any obligation to release publicly any updates or revisions to such forward-looking statements to reflect any change in its expectations with regard thereto or any change in events or circumstances on which any such statement is based.
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Publication:Business Wire
Date:Apr 7, 2000
Words:375
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