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TriZetto to Provide Anthem Blue Cross Blue Shield With Integrated HealthWeb/Erisco Facets Solution
NEWPORT BEACH, CA – March 15, 2001 – The TriZetto(R) Group, Inc. (Nasdaq: TZIX) announced today that it has signed an agreement to provide Anthem Blue Cross and Blue Shield (Anthem BCBS) with an integrated solution combining TriZetto's HealthWeb(R) e-business Web platform and the Erisco Facets(R) payer administrative solution.
"TriZetto's integrated HealthWeb/Facets system is emerging as the 'solution of choice' for Blue Cross Blue Shield plans looking to bring their businesses online," says Gail Knopf, chief operating officer of TriZetto's HealthWeb unit. "Facets is already used by 27 percent of Blues plans around the country. By choosing HealthWeb, these plans can achieve a seamless integration with their existing systems, as well as speed-to-market in implementing a complete e-business solution."
"Integrating HealthWeb with our Facets system will fulfill growing demand among our members to interact with their health plan online, as well as better serve our providers, brokers and employer groups," says Mark Boxer, Anthem's senior vice president of eBusiness. "This allows us to leverage our existing technology while achieving our long-range Web strategies and goals."
Anthem BCBS currently uses Facets to administer benefits for 300,000 Midwest members. In the coming months, these members will be served by the integrated HealthWeb/Facets system. As additional members are moved to the integrated system, they will also benefit from the HealthWeb transactions.
"HealthWeb's ability to connect and interface with multiple legacy systems is another key advantage," Knopf says. "This allows health plans to present a 'single face' to their constituents, regardless of their underlying administrative configurations."
TriZetto's HealthWeb platform will allow Anthem BCBS to rapidly move to a Web-based business model for numerous transactions among the plan and its members, physicians, employers and brokers. The first phase to be brought online will focus on member services and transactions, including eligibility and coverage inquiry, and ID card requests, among others. Later this year, members, physicians and other providers will enjoy additional online services and transactions via HealthWeb.
About Anthem
Anthem, Inc. is an Indiana-domiciled mutual insurance company providing health care benefits and services to more than seven million Americans. Anthem, which is based in Indianapolis, is the Blue Cross and Blue Shield licensee for Indiana, Kentucky, Ohio, Connecticut, New Hampshire, Colorado, Nevada and Maine.
About TriZetto
The TriZetto(R) Group, Inc., is an information technology and services company focused on the healthcare industry. The company hosts and licenses software and provides e-business platforms, serving approximately 600 customers with more than 90 million enrollees. TriZetto's application service provider (ASP) unit hosts a broad selection of applications from multiple vendors for a predictable monthly fee. All of TriZetto's ASP offerings are configured for use over the Internet. TriZetto's HealthWeb(R) technology allows all healthcare participants -- health plans, providers, employers and members -- to exchange information and conduct business over the Internet. HealtheWare(TM), the software engines unit, develops and licenses premium Erisco and RIMS applications for payers and benefits administrators. Headquartered in Newport Beach, Calif., TriZetto can be reached at (949) 719-2200, www.trizetto.com.
This press release may contain forward-looking statements that involve risks and uncertainties. The forward-looking statements are made pursuant to the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements may include statements about future net revenues, profits, and financial results, the market for TriZetto's services, future service offerings, client and partner relationships, and TriZetto's operational capabilities. Actual results may differ materially from those stated in any forward-looking statements based on a number of factors, including the effectiveness of TriZetto's implementation of its business plan, the market's acceptance of TriZetto's services, risks associated with management of growth, reliance on third parties to supply key components of TriZetto's services, attraction and retention of employees, variability of quarterly operating results, competitive factors, risks associated with acquisitions, changes in demand for third party products or solutions, which form the basis of TriZetto's service offerings, and risks associated with rapidly changing technology, as well as the other risks identified in TriZetto's Form 10-K and other SEC filings.
CONTACT:
TriZetto Media Relations
Jodi Amendola
480-657-9966, ext. 25
jamendola@cpronline.com
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