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TriZetto Introduces New Application for Online Enrollment of Health Plan Members
HealthNow New York, Blue Cross and Blue Shield of Kansas City
to Use HealthWeb® eEnrollTM During 2002 "Open-Enrollment" Season
NEWPORT BEACH, Calif. – August 20, 2002 – The TriZetto(R) Group, Inc. (NASDAQ:TZIX) today announced the availability of eEnroll, a new application for its HealthWeb Internet platform. eEnroll streamlines and automates the process of enrolling new health plan members, resulting in fewer errors, quicker turnaround, and reduced administrative costs. The application is already being implemented for TriZetto customers, including Blue Cross and Blue Shield of Kansas City and HealthNow New York Inc., who plan to use it during this fall's open-enrollment season.
"Many employers are insisting that health plans automate the enrollment process," said Tony Bellomo, president of TriZetto's software unit. "In response, TriZetto partnered with several of its health plan customers to design a product that uses the Internet to enroll members quickly and easily, 24 hours a day."
eEnroll provides advanced enrollment capabilities, including the ability for new members to enter enrollment information online and for employers to review the information before it is processed in a health plan's administrative system. eEnroll is integrated with Facets(R), TriZetto's administrative software for payers, and will be integrated with other TriZetto applications (QicLink(TM) and GroupFacts(R)) as well as third-party vendor systems, based on customer demand. It can be purchased on a licensed basis or hosted by TriZetto in one of the company's data centers.
eEnroll is the first in a suite of forthcoming applications that expand HealthWeb's capabilities. HealthWeb allows health plans to open their back-end systems to the Internet and offer real-time self-service to their members, providers, employers and brokers. With 30 payer customers, representing 25 million members, HealthWeb is the most widely used Internet platform among healthcare payers, including Blue Cross Blue Shield plans.
About TriZetto
The TriZetto Group, Inc. offers a broad portfolio of healthcare information technology (IT) products and services that can be delivered individually or combined to create a comprehensive solution.
The company provides:
- leading proprietary and third-party software, including e-business applications;
- outsourced services, such as software hosting, transaction processing and IT department operations; and
- strategic and implementation consulting.
TriZetto is focused on three healthcare markets: payers, benefit administrators and physician groups. Its more than 550 customers represent approximately 40 percent of the U.S. insured population. Headquartered in Newport Beach, Calif., TriZetto can be reached at (949) 719-2200 or 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.
CONTACTS:
The TriZetto Group, Inc.
Margie McCarthy
303-495-7225
margie.mccarthy@trizetto.com
Schwartz Communications
Caroline Pavis
781-684-0770
trizetto@schwartz-pr.com
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