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Presbyterian Health Plan Chooses TriZetto's
HealthWeb Internet Platform
NEWPORT BEACH, Calif. – May 8, 2001 – The TriZetto(R) Group, Inc., (Nasdaq: TZIX), today announced that Presbyterian Health Plan (PHP) of New Mexico has selected TriZetto's HealthWeb(R) Internet platform. HealthWeb will allow PHP to conduct business over the Internet with its affiliated physicians, members, employers and brokers.
"Our agreement with Presbyterian Health Plan demonstrates the benefits of implementing HealthWeb via the ASP delivery model: fast implementation time, ongoing technical support, and an attractive, predictable pricing structure," says Gail Knopf, chief operating officer of TriZetto's HealthWeb unit.
TriZetto will provide the HealthWeb platform to PHP, which serves more than 275,000 members in all 33 counties in New Mexico, on an application service provider (ASP) basis. For a predictable monthly fee, PHP will access HealthWeb's proprietary Internet features and transaction capabilities, without the large upfront and ongoing costs of developing, implementing, maintaining and upgrading its own Internet system.
Using HealthWeb, providers, members, employers and brokers are able to conduct numerous transactions with health plans quickly and easily via the Internet, including:
- Eligibility and coverage inquiry
- Provider network directory
- Preauthorization information inquiry
- Claim status inquiry
- Referral information inquiry
- Enrollment
- Member data maintenance
- Primary care physician (PCP) selection/change
"We are advancing our Internet strategy because our customers are telling us that they would like us to be more accessible to them. They would like to e-mail us, they would like to get information about doctors online; and they would like to have access to important information 24 hours per day. We are implementing this new technology to help our members navigate healthcare through our health plan in a more convenient fashion," said David Scrase, M.D., president of Presbyterian Health Plan.
About Presbyterian Health Plan
Presbyterian Health Plan is operated as a division of Presbyterian Healthcare Services, the state's largest locally owned, New Mexico-based healthcare system. Offering a statewide healthcare delivery system and over 14 years' experience in managed care, Presbyterian Health Plan provides employer groups and Medicare and Medicaid beneficiaries with a variety of managed care products and services. Currently, Presbyterian Health Plan serves 275,000 enrolled members and contracts with over 2,600 physicians and the majority of the state's 32 hospitals. Presbyterian Health Plan offers members a comprehensive provider network, quality medical management program, commitment to customer service, and cost-effective, consumer-driven managed healthcare services.
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:
TriZetto Media Relations
Jenny Lemos
480-657-9966, ext. 11
jlemos@cpronline.com
Presbyterian Healthcare Services
Todd Sandman
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