McKessonHBOC to Invest in Claimsnet.com

Apr 18, 2001, 01:00 ET from Claimsnet.com inc.

    DALLAS, April 18 /PRNewswire/ --
 Claimsnet.com inc. (Nasdaq:   CLAI; BSE: CLA), a leading provider of Internet-
 based business to business solutions for the healthcare industry, today
 announced that McKessonHBOC, Inc. has invested in Claimsnet.com through the
 purchase of 1.5 million new common shares of Claimsnet.com at $1.75 per share.
 McKessonHBOC's total cash investment in Claimsnet will be $2.85 million,
 including a $200,000 one-time payment and $2.65 million for common stock,
 representing 14.5% of the total outstanding shares.  This investment is part
 of a new agreement between the companies that supercedes the previous
 agreement made in October 1999.
     "We are very excited about this important step forward with McKessonHBOC,
 both in terms of their investment in Claimsnet and the opportunity to work
 with the McKessonHBOC organization," commented Bo W. Lycke, chairman and chief
 executive officer of Claimsnet.com.  "We truly value our relationship with
 McKessonHBOC, and believe that this bond will give us a leg up in an industry
 that is undergoing significant change.  We have dedicated much of our recent
 efforts to capturing the emerging payer market for electronic transaction
 processing, believing that the payers will take the lead in bringing the
 providers into the Internet space."
     Claimsnet.com inc. is a leading provider of Internet-based, business to
 business solutions for the healthcare industry, including distinctive,
 advanced technology for online healthcare transaction processing.
 Headquartered in Dallas, Claimsnet.com offers proprietary systems that are
 distinguished by ease-of-use, customer care, security and measurable cost
 advantages.  Claimsnet.com trades on the Nasdaq Smallcap under the symbol
 "CLAI" and on the Boston Stock Exchange under the symbol "CLA".  More
 information on Claimsnet.com can be found at www.claimsnet.com.
 
     Safe Harbor Statement Under the Private Securities Litigation Act 1995 -
 With the exception of historical information, the matters discussed in this
 press release are forward looking statements that involve a number of risks
 and uncertainties.  The actual future results of the company could differ
 significantly from those statements.  Factors that could cause or contribute
 to such differences include, but are not limited to new market opportunities,
 regulatory initiatives, continued use of the Internet, and state of the
 capital markets and the economy in general.  Further information on the
 Company's risk factors is contained in the Company's quarterly, annual, and
 other periodic reports as filed with the Securities and Exchange Commission.
 
 

SOURCE Claimsnet.com inc.
    DALLAS, April 18 /PRNewswire/ --
 Claimsnet.com inc. (Nasdaq:   CLAI; BSE: CLA), a leading provider of Internet-
 based business to business solutions for the healthcare industry, today
 announced that McKessonHBOC, Inc. has invested in Claimsnet.com through the
 purchase of 1.5 million new common shares of Claimsnet.com at $1.75 per share.
 McKessonHBOC's total cash investment in Claimsnet will be $2.85 million,
 including a $200,000 one-time payment and $2.65 million for common stock,
 representing 14.5% of the total outstanding shares.  This investment is part
 of a new agreement between the companies that supercedes the previous
 agreement made in October 1999.
     "We are very excited about this important step forward with McKessonHBOC,
 both in terms of their investment in Claimsnet and the opportunity to work
 with the McKessonHBOC organization," commented Bo W. Lycke, chairman and chief
 executive officer of Claimsnet.com.  "We truly value our relationship with
 McKessonHBOC, and believe that this bond will give us a leg up in an industry
 that is undergoing significant change.  We have dedicated much of our recent
 efforts to capturing the emerging payer market for electronic transaction
 processing, believing that the payers will take the lead in bringing the
 providers into the Internet space."
     Claimsnet.com inc. is a leading provider of Internet-based, business to
 business solutions for the healthcare industry, including distinctive,
 advanced technology for online healthcare transaction processing.
 Headquartered in Dallas, Claimsnet.com offers proprietary systems that are
 distinguished by ease-of-use, customer care, security and measurable cost
 advantages.  Claimsnet.com trades on the Nasdaq Smallcap under the symbol
 "CLAI" and on the Boston Stock Exchange under the symbol "CLA".  More
 information on Claimsnet.com can be found at www.claimsnet.com.
 
     Safe Harbor Statement Under the Private Securities Litigation Act 1995 -
 With the exception of historical information, the matters discussed in this
 press release are forward looking statements that involve a number of risks
 and uncertainties.  The actual future results of the company could differ
 significantly from those statements.  Factors that could cause or contribute
 to such differences include, but are not limited to new market opportunities,
 regulatory initiatives, continued use of the Internet, and state of the
 capital markets and the economy in general.  Further information on the
 Company's risk factors is contained in the Company's quarterly, annual, and
 other periodic reports as filed with the Securities and Exchange Commission.
 
 SOURCE  Claimsnet.com inc.