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Technology Stocks : NAP: National Processing, Inc. -- Ignore unavailable to you. Want to Upgrade?

To: JakeStraw who wrote (53)	5/9/2003 2:12:16 PM
From: JakeStraw	Read Replies (1) \| Respond to of 72

Payerpath Signs Co-Marketing Agreement with NPC For Delivery of Electronic Payment Processing biz.yahoo.com LOUISVILLE, Ky., May 1 /PRNewswire-FirstCall/ -- National Processing Company, LLC. (NPC®), a leading provider of payment settlement services and a wholly owned subsidiary of National Processing, Inc. (NYSE: NAP), announced the signing of a multi-year, strategic co-marketing agreement with Payerpath, Inc., a leading provider of Internet-based financial transaction solutions for healthcare providers and payers. Under the terms of the agreement, Payerpath will market NPC's HealthePay(SM) service to its payer partners, allowing the payers and their providers, to receive the benefit of enhanced electronic commerce solutions. Payerpath provides innovative, low-cost products and services that manage healthcare financial transactions - helping to bridge the gap between providers and payers. Payerpath's solutions improve business processes for both providers and payers - creating faster, more efficient and more accurate transactions. NPC provides a total outsource disbursement and settlement solution for healthcare payers. HealthePay, NPC's global payment platform, provides payment fulfillment and remittance advice reporting for both paper and electronic formats and produces a HIPAA compliant transaction. HealthePay takes the payment process to a new, automated level, providing healthcare payers, benefit administrators and providers with time and cost efficiencies. "The agreement between NPC and Payerpath provides us the opportunity to enhance our service offering to our customers," said Kathy Kennedy, senior vice president at Payerpath, Inc. "NPC's HealthePay, delivered as part of Payerpath's services, provides a solution that can be tailored to meet our customers' individual needs and improve the automation of their healthcare administrative processes." "NPC is proud to partner with Payerpath and leverage our technology expertise to deliver unique and innovative solutions that will enhance the customer experience for Payerpath clients," said John T. McRae II, senior vice president of Payment Services for NPC. "Healthcare organizations are constantly looking to lower their administrative costs and many have found value in the efficient solutions offered by Payerpath. Like Payerpath, NPC is committed to process improvement for the healthcare industry, resulting in better service for our clients."