Electronic Lockbox Services, LLC Becomes Third Subsidiary of Renaissance Electronic Services

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INDIANAPOLIS, Feb. 18, 2013 (GLOBE NEWSWIRE) -- Continuing to solidify its place in the electronic claims industry, Renaissance Electronic Services (RES), part of the Renaissance Health Service Corporation (RHSC) family of companies, announces the addition of its third subsidiary, Electronic Lockbox Services (ELS), LLC.

Founded just last year, ELS provides electronic credit card payment services specifically designed to meet the needs of dental offices. The company joins Tesia Clearinghouse, LLC and Maverest Dental Network, LLC as subsidiaries of RES.

"Each of these companies brings an essential component to the electronic claims process," said Laura Czelada, CEO of RHSC. "By working together, even as each company focuses on its unique strengths, all of the RES companies are well positioned for the next generation of electronic services."

Along with the real-time claims services offered through Tesia Clearinghouse and broader access to new patients through Maverest Dental Network, ELS offers a flat-rate service that helps dental offices subscribe to a fully managed, online credit card processing system specifically designed to help simplify their payment processes and save them money.

"Most credit card payment services used by dental offices today are specifically designed for retail sales and are not built to meet the needs of a dental office to accept payments in the office or online," said Jay Baker, president of Electronic Lockbox Services. "ELS meets this need by offering a fixed-rate product that eliminates additional fees processors can charge."

Baker became president of ELS in July of last year and because of his extensive experience in the electronic claims industry, fully understands the impact this type of service can have on the dental office.

"Helping to remove administrative costs and day-to-day inefficiencies allows dental offices to focus their efforts on more important things like improving the oral health of their patients and communities," said Baker. "With the services ELS provides, along with the services of Tesia Clearinghouse and Maverest Dental, we are ready to take the electronic transaction further than ever before for our customers."

For more information, visit www.lockboxservices.com.

About RHSC

Renaissance Health Service Corporation (RHSC) is the parent organization for a family of companies including Renaissance Electronic Services (RES) that are leaders in the dental insurance industry. RHSC companies are among the largest and oldest group of dental benefit providers in the United States, covering 11 million people and paying out nearly $3 billion in dental benefits in 2012.

Currently, the companies employ approximately 1,200 people, who are located in Indianapolis, Indiana; Sherwood and Little Rock, Arkansas; Louisville, Kentucky; Okemos and Farmington Hills, Michigan; Albuquerque, New Mexico; Raleigh and Charlotte, North Carolina; Columbus and Cleveland, Ohio; and Nashville, Knoxville, and Memphis, Tennessee.

The Renaissance Health Service Corporation logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=16537

CONTACT: Media Contacts: Sarina Gleason Renaissance Health Service Corporation (517) 347-5292 sgleason@renaissancefamily.com Joe Ferlito Franco Public Relations Group (313)567-5031 ferlito@franco.com

Source:Renaissance Health Service Corporation