Exhibit 99.3

                              [CLAIMSNET.COM LOGO]


For more information, please contact:

Paul Miller
Claimsnet.com
(972) 458-1701
pwmiller@claimsnet.com

FOR IMMEDIATE RELEASE:

                 Claimsnet.com inc. Announces Additional Funding
                    Commitment From European Investment Group


DALLAS - March 13, 2002 - Claimsnet.com inc. (OTCBB: CLAI.OB; BSE: CLAI) today
announced receipt of an additional funding commitment of $550,000 from Claimsnet
Partners LLC, a New York based limited liability corporation, controlled by the
principles of a Zurich, Switzerland based investment group. The Company
announced that this funding is part of an aggregate $826,000 commitment, of
which $276,000 has already been subscribed to since January 1, 2002. The Company
will issue preferred stock to the investors at a price of $250 per share. Each
share of preferred stock is convertible into one thousand shares of common
stock. The offering supersedes the remaining commitment of the financing
announced in November 2001 under which $462,000 was invested.

In addition to the previously announced changes in Claimsnet.com's board of
directors and management, the Company also announced that material changes have
been made to the operating structure of the business, at the request of the
investors in Claimsnet Partners LLC. The Company announced initiatives today
that include the following amendments to Claimsnet's operations:

      o  The Company has reduced overall annualized compensation expenses by
         more than $1.2 million, with the majority of the reductions already
         implemented and all reductions to be implemented by March 15, 2002.
      o  This included elimination of several positions, salary reduction in
         others, and issuances of stock options and common stock purchase
         warrants as severance and/or incentive based compensation.
      o  The Company is evaluating ways to reduce other operating expenses.
      o  The board and management are utilizing several key advisory services to
         review merger and/or acquisitive related opportunities, review and
         assess sales and marketing policies and reforms to expedite revenue
         generation, and to advise the board on re-establishing shareholder
         value.


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      o  The Company is also conducting a feasibility study to re-position and
         positively modify its offerings to enable the business to recognize and
         accelerate revenue growth within the current fiscal year.

In addressing these strategies, Claimsnet's newly appointed Chief Executive
Officer, Paul Miller stated "We are committed to exploring all available avenues
to provide meaningful action steps for our employees, customers, partners,
creditors and our shareholders."

Claimsnet.com inc. is a leading provider of Internet-based, business-to-business
solutions for the healthcare industry, including distinctive, advanced ASP
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. More information
on Claimsnet.com can be found at the Company's newly redesigned web site 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, general economic conditions in
the markets in which the Company operates, the successful outcome of due
diligence to maintain access to external sources of capital, current and
anticipated regulatory actions, development and successful implementation of
marketing strategies, actions of the Company's competitors, dependence on
suppliers and distribution channels, the ability to retain key personnel,
success in the development and market acceptance of new and existing products,
and risks inherent in business-to-business use of the Internet. 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.

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