HealthAxis.com Signs Agreement with America's Choice Healthplans to Automate Services

HealthAxis to Provide ACH with a Complete Claims Processing Solution

EAST NORRITON, Pa.--(BUSINESS WIRE)--Aug. 17, 2000-- HealthAxis.com, a subsidiary of HealthAxis Inc. (NASDAQ: HAXS), and a leading provider of web-enabling software solutions for healthcare payers and intermediaries, and America's Choice Healthplans (ACH), the first national online benefits administrator, today announced a multi-year agreement by which ACH will automate its claims processing system using HealthAxis technology.


Headlines
"Self-directed health plans shift risk, cost to workers" - ACH in the Christian Science Monitor
August 12, 2002

"Uncovering Unbundling" - Article Featured in Human Resource Executive
May 3, 2002

"40 under 40" - Philadelphia Business Journal lists Clelland Green
March 29, 2002

ACH CEO Named to CareGain Board of Advisors
February 26, 2002

New model applies Internet to realize managed care's potential
November 1, 2001

Inc 500 rates America's Choice in country's top 500 growing companies
October 30, 2001

Philadelphia Business Journal features America's Choice
October 29, 2001

Philadelphia Inquirer features America's Choice
April 9, 2001

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ACH, a King of Prussia, Pennsylvania-based third party administrator, provides benefits administration services to national employers with multi-state locations and with average group sizes from 50 - 5000 employees. ACH is one of the most technology-oriented TPAs in America, serving clients that include Florida Power & Light, Integrated Health Systems, and the Philadelphia Phillies.

Under the terms of the agreement, ACH will utilize an extensive suite of HealthAxis software and services including Insur-Image(TM) and Insur-Scan. Using this software and related services is expected to lower ACH's claims processing costs by up to 80 percent, improve its claims processing cycle time, and enable the client to migrate towards a wholly electronic claims processing environment.

``America's Choice Healthplans' decision to source claims processing technology from HealthAxis is further validation of the strength of our corporate-wide offering,'' said Michael Ashker, president and chief executive officer of HealthAxis. ``ACH is a leader in healthcare administration and is known for its use of innovative technology. We look forward to helping ACH in its quest to improve customer service while lowering operating costs through the implementation of new technology.''

``This Company has always been a strong believer in the ability of technology to improve both the effectiveness and efficiency of the delivery of our services,'' said Clelland Green, chief executive officer of America's Choice Healthplans. ``We reviewed a wide array of vendors and found that HealthAxis' offering of technology and services comprised a superior value proposition, given our needs. We are eager to begin the implementation process.''

About HealthAxis.com

HealthAxis.com, a subsidiary of HealthAxis Inc., is the proven leader in web-enabling both healthcare payers and the health insurance intermediaries through which product is sold and serviced. The Company's proprietary Insur-Web(TM), Insur-Enroll(TM), and Insur-Admin® product line allows clients to participate in the emerging digital economy.

This fully XML-enabled line of software extends clients' legacy enterprise applications to the World Wide Web, allowing clients to manage Web transactions across the entire spectrum of health insurance operations--plan rating engines, distribution, enrollment, and member services.

Additionally, HealthAxis provides payers with software and services for claims processing, plan administration, and imaging through the following products: Insur-Claims®, Insur-Dental®, Insur-Image®, and Insur-Voice®.

The Company's customers include leading health insurers, several Blue Cross/Blue Shield organizations, third-party administrators, and Web-based insurance and benefits marketers. HealthAxis.com is headquartered in suburban Philadelphia, with significant operations in Dallas, as well as offices in eight additional locations both domestic and abroad. The company employs over 350 IT professionals.

About America's Choice Healthplans, Inc.

America's Choice Healthplans is the world's first online third-party benefits administrator to leverage the power of the Internet to improve employer's efficiencies and provide greater management control through real-time, online communications.

The company's Web site, (www.ACHonline.com) is the only online resource to provide employers the comprehensive, interactive benefits information they need to best manage employee benefits programs, as well as allow their employees to live healthier lives.

For employers, ACHonline.com provides the ability to monitor, review and alter employee claims and eligibility, as well as generate real-time, on-the-fly graphical reports they can use to manage their program on a day-to-day basis.

For employees, ACHonline.com offers the ease and convenience of being able to review claims, find physicians and health care providers and receive detailed explanations of their benefits and their plans. America's Choice Healthplans works in partnership with some of the nation's leading health care providers and offers a range of benefit programs including health, dental, prescription drug, vision, life, and disability.

Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995:

Certain statements made by the Companies, which are not historical facts may be considered forward-looking statements, including, without limitation, statements as to trends, managements' beliefs, expectations, forecasts and opinions, which are based upon a number of assumptions concerning future conditions that ultimately may prove to be inaccurate.

Such forward-looking statements are subject to risks and uncertainties and may be affected by various factors, which may cause actual results to differ materially from those in the forward-looking statements.

For further information, which could cause actual results to differ from the Companies' expectations as well as other factors, which could affect the Companies' financial statements, please refer to HealthAxis Inc.'s reports filed with the Securities and Exchange Commission or the ACH Company contact listed above.

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