Press Release

Edifecs Announces New License Agreement with Post-N-Track Corporation

BELLEVUE, WA — January 11, 2005: Edifecs, Inc., the proven leader in B2B transaction-based interoperability, today announced a definitive agreement with Post-N-Track Corporation. Per this agreement, Post-N-Track will license and deploy Edifecs XEngine transaction validation technology and Edifecs SpecBuilder guideline authoring tools as part of Post-N-Track’s market-leading healthcare transaction solution.

Used by hundreds of leading healthcare organizations, these two components of the Edifecs Healthcare Suite are highly customized and optimized for the specific needs of healthcare-related enterprises, and provide a unique value proposition through their ability to completely validate and understand the transaction data, as well as the ability to combine data across transactions, trading partners and time frames to provide meaningful analysis.

Post-N-Track allows health plans to save money and improve provider relationships by offering their provider network direct connectivity for claims and other real-time transactions — quickly, easily and more cost-effectively than the current clearinghouse model. For providers, Post-N-Track improves service and transaction visibility for professional, institutional, dental, and specialty claims and related transactions free of charge. Direct communication between providers and payers increases the efficiency of the healthcare system.

“We are very pleased that Post-N-Track has selected Edifecs XEngine and Edifecs SpecBuilder,” said Sunny Singh, CEO of Edifecs. “The solution that Post-N-Track brings to the market is completely in line with the Edifecs vision of providing solutions that reduce friction in healthcare transaction exchange, and make trading partner systems more interoperable. We are proud to be a part of the Post-N-Track solution.”

“Post-N-Track is dedicated to providing innovative technology solutions that improve the exchange of healthcare transactions and related information,” said Marjorie O’Malley, President of Post-N-Track. “Both Edifecs and Post-N-Track are committed to interoperability for healthcare, and Edifecs technology is a perfect fit for the validation within our solution.”

About Edifecs, Inc.

Edifecs helps organizations achieve interoperability and dramatic return on investment by enabling, managing and deriving business value from standard electronic transactions within trading partner communities.

Edifecs products include the Edifecs Healthcare Suite — a set of powerful applications and technologies that reduce friction in the administrative, clinical, financial and pharmaceutical transaction workflows, both within and between healthcare enterprises. The Suite includes business performance management applications that automate and manage the full lifecycle of transactions; from community enablement, to testing and data validation, real-time transaction monitoring, claim repair and reconciliation, facilitating direct connectivity and providing rich transaction analytics.

Edifecs also provides General Industry solutions for guideline authoring, data validation and partner enablement.

2006 marks 10 years of Edifecs’ leadership and expertise in providing innovative technology solutions to over 1600 customers worldwide. Edifecs has over 200 customers and partners in healthcare that include 16 Blue Plans, 35 Medicaid, State and Federal Agencies, along with partnership arrangements with all leading middleware stack vendors. Founded in 1996, Edifecs is headquartered in Bellevue, WA. Company website: www.edifecs.com. Contact: Kevin Pierce 425-452-0622, kevinp@edifecs.com.

About Post-N-Track Corporation

Post-N-Track Corporation is a Web services and software company specializing in a new generation of Internet-based transaction exchange solutions for the transaction-intensive health care industry. These solutions enable direct connectivity between health plans, health care providers, practice management systems, billing entities and other trading partners of any size.

Post-N-Track improves operations and efficiency through a simple and secure information exchange. This HIPAA-compliant solution provides direct delivery of any data transaction, including institutional, professional and dental ANSI claims, responses, eligibility and status inquiries, NSF and HCFA 1500 files and print image formats, related documents and attachments.

To learn more about Post-N-Track, visit the company at www.Post-N-Track.com or call 860.632.0572, contact: Mike Knowles, mikeknowles@post-n-track.com.

Edifecs Quick Facts
Founded:
1996

Headquarters:
Bellevue, WA

Employees:
145+

Customers:
1600+

Healthcare Customers:
350+

CEO:
Sunny Singh

Contact Us

To request more information, contact us.

To reach a sales representative, call (425) 452-0620.

For customer support, call (425) 452-0623.