nib renews licensing contract for THELMA

The private health insurers will use ICSGlobal's medical banking technology for at least another three years.

Private health insurers nib health funds (ASX:NHF) have extended the contract allowing the company to use ICSGlobal Limited's (ASX:ICS) THELMA medical banking technology for a further three years.

nib has been licensing ICSGlobal's software suite for around six years. At first to handle eligibility and medical claims checks, and more recently to handle hospital accommodation claims.

THELMA allows internet-based electronic settlement of bills. It had its UK launch last year.

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