LOS ANGELES, July 5 /PRNewswire-FirstCall/ -- Cash Technologies, Inc. announced today that its subsidiary, Heuristic Technologies, Inc. (“Heuristic”), has signed an agreement with tevixMD, Inc. (“tevixMD”) for Heuristic to provide clearinghouse data processing services to tevixMD. tevixMD is a leading healthcare technology company, offering products that improve payment and collection processing for healthcare providers. The clearinghouse services are primarily used to transport medical insurance claim information from healthcare providers to insurance companies and others for payment processing. Under the 3-year non-exclusive agreement, Heuristic shall receive recurring per-transaction fees for its services.
Todd Andros, President of tevixMD, stated, “We’re excited about our relationship with Heuristic. Their data processing services increase the value and reach of tevixMD’s products.”
“This opportunity matches Heuristic’s services with tevixMD’s excellent payment collection products for healthcare providers. It is the first revenue generating opportunity resulting from our recently announced partnership with information technology company Affiliated Computer Services, Inc.,” said Ray Pedden, CEO of Heuristic.
About tevixMD
tevixMD Corporation is a national technology leader focused on improving the ways the healthcare community connects with information. Innovations in the use of public records and healthcare insurance data provide clients with a clear advantage in addressing the problem of bad debt and accounts receivable. With access to billions of records of information related to patient identity and insurance, tevixMD products are used to fix common billing errors such as misspelled names, incorrect personal information and to determine if a patient has active insurance. Automated search technology further improves the state of the art and helps patients and authorized providers obtain nearly instant access to relevant information from a vast online index of patients and insurance. For additional information, visit the company on the web at www.tevixMD.com.
About Cash Technologies
Cash Technologies, Inc. develops and markets innovative data processing systems, including the BONUS(TM) and MFS(TM) financial services systems, EMMA(TM) transaction processing software and PrISM(TM) security system. Its Heuristic subsidiary creates and markets medical and employee benefits data processing solutions and debit card programs. For more information, visit www.cashtechnologies.com and www.heuristictech.com.
The statements in this news release that do not directly relate to historical facts constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are subject to numerous risks and uncertainties, many of which are outside Cash Technologies’ control. As such, no assurance can be given that the actual events and results will not be materially different than the anticipated results described in the forward-looking statements. Many factors could cause actual results to differ materially from such forward-looking statements. For a description of these factors, see the Company’s prior filings with the Securities and Exchange Commission, including their most recent Form 10-QSB and Form 10-KSB filings. Cash Technologies disclaims any intention or obligation to revise any forward-looking statements, whether as a result of new information, future event, or otherwise.
Media Contact: Cash Technologies: Ed King 213-745-2000 Ext. 114 eking@cashtech.com
Cash Technologies, Inc.
CONTACT: Ed King of Cash Technologies, +1-213-745-2000, ext. 114,eking@cashtech.com
