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TriZetto Announces ASP Agreement With
Institute For Urban Family Health
NEWPORT BEACH, Calif. – June 13, 2001 – The TriZetto(R) Group, Inc. (Nasdaq: TZIX) has signed an application service provider (ASP) agreement with The Institute for Urban Family Health, a nonprofit corporation that serves high-medical-need communities throughout New York City. TriZetto will host practice management systems for 13 office sites managed by the Institute and provide transaction-processing services. The contract includes several facilities of Continuum Health Partners that are managed by the Institute.
ASP solutions -- hosted applications available for a predictable, monthly fee -- offer numerous benefits to physician groups, including cost savings, rapid implementation, and automatic system maintenance and upgrades. According to Bill Schultz, TriZetto's senior vice president of Provider Services, TriZetto's combination of practice management expertise and a full array of end-to-end business and support services, such as billing transaction processing, enhance the value of the hosted applications the Institute will use.
"Physician groups not only need quality hardware and software, but they also need professional support to operate efficiently," Schultz says. "TriZetto's professional staff and service offerings can help ensure that the group's information technology and business operations are optimized so the doctors can focus on patient care."
"The Institute has long been considered a leader in primary care service delivery and training," says Neil Calman, M.D., President and CEO of the Institute. "Our upcoming link to TriZetto, one of the nation's premier healthcare IT companies, will enable us to provide the most advanced care to our patients. The population we serve is usually the last to benefit from advances in healthcare technology. This development reverses that trend, providing a level of service available in few other places. When fully implemented a year from now, Institute practices will offer automatic checking of all prescriptions for accuracy, the complete elimination of paper medical records, the ability to produce patient education information on demand on hundreds of topics, patient access to their medical records through the Internet, and many other features."
About the Institute for Urban Family Health
The Institute for Urban Family Health, founded in 1984, is a non-profit health care organization in New York City. The Institute serves high-need communities in Manhattan and the Bronx through the development and operation of primary healthcare services and health professional education. The Institute manages 13 clinics that are served by approximately 70 physicians, as well as a number of programs that serve special populations like the homeless, the uninsured, and families affected by HIV/AIDS.
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 more than 500 customers. TriZetto's payer customers have more than 90 million enrollees, or approximately 40 percent of the U.S. insured population. TriZetto's ASP hosts third-party and proprietary applications and provides outsourcing services. TriZetto's HealthWeb(R) technology enables health plans to exchange information and conduct business online with providers, employers and members. HealtheWare(TM) develops and licenses 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.
CONTACTS:
TriZetto Media Relations
Jenny Lemos
480-657-9966, ext. 11
jlemos@cpronline.com
MPH of Institute for Urban Family Health
Maxine Golub
212-633-0800, ext. 286
mgolub@institute2000.org
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