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MDeverywhere to Provide TriZetto's First
Handheld Charge Capture ASP Solution
RESEARCH TRIANGLE PARK, N.C. – April 30, 2001 – MDeverywhere(TM), the mobile computing platform providing healthcare solutions at the point-of-care, today announced a strategic alliance with The TriZetto(R) Group, Inc. (NASDAQ: TZIX), an information technology and services company focused on the healthcare industry.
The partnership enables TriZetto to offer MDeverywhere's premier mobile services to TriZetto's ASP and HealthWeb(R) customer base and expand its application solutions to include mobile charge capture computing.
Through the alliance, TriZetto's physician and administrator customers will have access to MDeverywhere's lead application, EveryCharge(SM), a Personal Digital Assistant-based electronic charge-capture tool with a proprietary rules engine that error checks charges at the point-of-care. Doctors capture diagnoses, treatments and other patient encounter data, and the data is sent through a secure Internet portal to the physician's practice management system, hosted by TriZetto. TriZetto's application service provider (ASP) model affords users all of the benefits of cutting edge technology without the costs and responsibilities inherent in owning, customizing and running software applications and infrastructure.
"We could not be more pleased that TriZetto, the most respected ASP provider in the healthcare community, has selected us to be their first handheld offering for capturing and checking charges," says Alan Rubin, president and CEO of MDeverywhere. "TriZetto's ASP technology and integration experience combined with our mobile handheld solution will offer extraordinary value to physician and group practice customers."
MDeverywhere has completed two impressive independent return on investment (ROI) studies that show MDeverywhere services are able to return between 577 percent and 989 percent through more accurate record keeping, fewer denied claims and reduced administrative costs.
"We are continuously seeking proven applications that help physicians streamline their practices," says Stewart Gleischman, M.D., vice president of strategic market development for TriZetto. "The recent ROI studies validate the significance of MDeverywhere's solution to the healthcare community, and we share MDeverywhere's philosophy that charge capture will drive physician adoption and serve as the platform of choice for multi-functional mobile computing."
About MDeverywhere
MDeverywhere provides mobile handheld solutions that automate physician encounter capture for medical group practices. The company is committed to providing practical, real-world solutions for physicians, enabling them to provide the highest level of patient care. The company was recently awarded the 2000 Industry Solution Award by the Microsoft Healthcare Users Group.
MDeverywhere has physicians using its solution at four of the top ten academic teaching institutions in the United States and recently signed a partnership agreement with Siemens Medical Solutions Health Services, one of the largest international healthcare information system companies. For further information, visit www.mdeverywhere.com.
About TriZetto
The TriZetto(R) Group, Inc., is an information technology and services company focused on the healthcare industry. TriZetto hosts and licenses software and provides Internet platforms, serving approximately 600 customers. TriZetto's payer customers have more than 90 million enrollees, or 40 percent of the insured population in the U.S. TriZetto's ASP unit hosts third-party and proprietary applications and provides business outsourcing services. TriZetto's HealthWeb(R) technology allows health plans to exchange information and conduct business over the Internet with their providers, employers and members. HealtheWare(TM) 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 TtiZetto'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:
Richard French & Associates
Jennifer Gilmore
919-832-6300
jgilmore@rfrench.com
MDeverywhere, Inc
Lori Poston
919-361-8240
poston@mdeverywhere.com
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