Health-e-Web Announces Acquisition of Electronic Translation and Transmittals (ET&T)

HELENA, Mont., June 21 /PRNewswire/ -- Health-e-Web, Inc. (HeW), a leading health care revenue cycle management solutions provider, announced today a significant expansion of the company's capacity to serve insurers, health care providers and employers with its recent acquisition of ET&T.

"Our goal is to reduce health care costs by promoting the adoption and use of revenue cycle management solutions, including electronic health care transactions," said Bob Janicek, President and Chief Executive Officer of HeW.  "The combined companies will deliver a suite of cutting-edge revenue cycle management solutions nationally, packaged with industry leading customer service.  Throughout America, we are confident that the services and efficiency we now provide will help to bend the cost-curve of health care downward as the new health care reform laws are implemented."

The integration of ET&T's operational assets and client base with HeW's technology will provide financial strength and economies of scale that will allow the combined companies to serve the health care community more completely.  Clients will continue to experience excellent customer service in the combined operation and can take advantage of HeW's entire product line:

• For insurance carriers, HeW offers custom edits and a variety of services that promote the adoption and use of electronic health care transactions and reduce administrative costs.  HeW helps insurance carriers generate, translate, and process electronic health care transactions to support HIPAA compliance initiatives.
• For health care providers, regardless of size, specialty, or location, HeW offers a full-line of revenue cycle management solutions that lower administrative costs, promote timely claim payment, and improve cash flow.
• For employers, HeW works in cooperation with insurance carriers to deliver an Internet based solution that simplifies enrollment and maintenance of employee health plan information.

About Health-e-Web, Inc.

HeW, a wholly-owned subsidiary of Blue Cross Blue Shield of Montana, has delivered electronic health care solutions for more than 20 years.  HeW's investment in its professional staff and state-of-the-art information technology continues to deliver value to the health care community.  More information about HeW and its products and services is available on its website at www.hewedi.com.

About Electronic Translations and Transmittals Corporation

ET&T, now a subsidiary of HeW, was founded in 1991 to develop an electronic data interchange service bureau, with the purpose of eliminating paper generated medical claims and securing more timely payments for health care providers.  ET&T delivers exemplary customer service, which has helped it maintain a national client base.  Visit www.ettch.com for more information about ET&T.

SOURCE Health-e-Web, Inc.