20042003200220012000
Bloodhound, Inc. Expands Management Team With Two Senior Level Appointments

Research Triangle Park, TN (July 11, 2001) -- Bloodhound, Inc., an application service provider focused on medical bill overpayment protection for insurers, TPAs, HMOs, IPAs and other at-risk medical payment organizations, today announced two additions to its senior management team.

John Mitchell will serve as Vice President of Property & Casualty Sales and will lead Bloodhound's Property & Casualty sales team. John has over 12 years of experience selling managed healthcare products and services to the national Property and Casualty insurance industry Market. John joined Bloodhound from One Call Comprehensive Care, Inc., a national provider of pharmacy benefit management and home health services, where he served as Vice President of Sales and Marketing. Prior to this, John served as Vice President of Sales for Preferred Health Management and as Director of Sales for Prescription Management Services, Inc. (PMSI). Mr. Mitchell holds a BS degree from Jacksonville University.

"The addition of a Property & Casualty component, focusing on Workers' Compensation and auto medical bills, is a natural evolution for our ClaimsGuard service and for our company,'' said Chastain. "After only four months of discussion with potential clients in this industry, Bloodhound now has over $1 billion in annual paid medical in demonstration projects. This speaks highly of the applicability of our service in this arena, and we look forward to John's leadership in this important facet of our business.''

Bloodhound is also pleased to announce that Keith Zalewski has joined the company from iMcKesson and will serve in the role of Vice President of Operations. Keith has over 17 years of experience in software development and over 11 years in the pharmacy claims processing environment. As a VP of Pharmacy Applications of the Prospective Health Products Division at McKesson HBOC, he directed the effort of all technical development, quality assurance, business analysis, documentation, testing, training, implementation and client service. Mr. Zalewski holds a BS of Computer Science and MBA from Cleveland State University.

"The addition of Keith to our senior management team from a major technology player in the medical claims national marketplace adds a critical component of operational and service knowledge and expertise that is on target as we grow in the Group Health and Property and Casualty marketplace,'' said Chastain. "We are confident that our combination of a skilled team of professionals and our cutting edge technology will greatly increase Bloodhound's profile and ensure our future success.''

Bloodhound's ClaimsGuard Overpayment Protection Service helps medical bill payors achieve incremental savings after complete medical bill adjudication and repricing, but prior to explanation of benefits and payment disbursement. Bloodhound's actual historical incremental savings to date have ranged from 2% - 10% of approved medical claims processed through ClaimsGuard. Because Bloodhound offers these services as an ASP, the company is able to provide clients with seamless access to software-based services and eliminate the complexities and costs of system installation and operation.

About Bloodhound, Inc.
Founded in 1997, Bloodhound, Inc. is an application service provider specializing in medical claims overpayment protection. Bloodhound's ClaimsGuard Overpayment Protection Service provides new and additive technology that safeguards insurers, HMOs, TPAs, and other at-risk medical payment organizations from medical bill and claims overpayment. ClaimsGuard identifies inexact duplicates and clinical coding complexities resulting from processing large volumes of data through traditional claims payment systems. Bloodhound is headquartered in Research Triangle Park, NC. Visit Bloodhound on the Internet at www.bloodhoundinc.com.

ClaimsGuard is a Service Mark of Bloodhound, Inc.


Contact:

Steven Bridges
Bloodhound, Inc.
919-991-1117 x127

Don Mundie
Delta Capital Management LLC
901-755-0949