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TriZetto to Provide HealthWeb Internet Solution For Health Plans Operated by HealthNow New York
HealthWeb Customers Serve More than 20 Million Members Nationwide
NEWPORT BEACH, Calif. – July 10, 2001 – The TriZetto(R) Group, Inc. (Nasdaq: TZIX) has contracted with HealthNow New York Inc. to provide an Internet solution combining TriZetto's HealthWeb(R) Internet platform and the Erisco Facets(R) payer administrative solution. HealthNow New York, a BlueCross BlueShield licensee that provides healthcare coverage to approximately 750,000 New Yorkers, currently uses Facets for a wide range of administrative functions. The addition of TriZetto's HealthWeb platform will allow HealthNow New York to rapidly expand online services to its members, providers, employers and brokers.
"The integration of Facets and HealthWeb represents a major advance in our e-business strategy," says HealthNow New York's Gary Kerl, senior vice president, Corporate Information Services. "This is a significant step because the integration of the two TriZetto offerings will extend the investment we have made in Facets to our rapidly growing online operations."
HealthNow New York, a $1.25 billion-revenue company, operates BlueCross BlueShield of Western New York, BlueShield of Northeastern New York, and Upstate Medicare Division. HealthNow New York offers PPO, POS, HMO and indemnity plans.
"We believe TriZetto's integrated HealthWeb/Facets system is emerging as the 'solution of choice' for Blue Cross Blue Shield plans' e-business operations," says Gail Knopf, chief operating officer of TriZetto's HealthWeb unit.
"Facets is used by approximately one third of Blue Cross Blue Shield plans nationwide," Knopf says. "The combined HealthWeb/Facets product can be rapidly integrated with their existing systems, allowing these health plans to implement a comprehensive Internet solution."
HealthNow New York will use the system to move to a Web-based business model for a variety of transactions among the company's various health plans and the plans' members, physicians, employers and brokers, including inquiries about eligibility and coverage, ID card requests, and other transactions.
About HealthNow New York
With revenues of $1.25 billion, HealthNow New York Inc. provides health coverage to approximately 750,000 New Yorkers. Established in 1936, HealthNow New York does business as Buffalo-based BlueCross BlueShield of Western New York, Albany-based BlueShield of Northeastern New York, and Binghamton-based Upstate Medicare Division. HealthNow New York offers a full range of healthcare coverages including PPO, POS, HMO and indemnity plans.
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 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 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
Jenny Lemos
480-657-9966, ext. 11
jlemos@cpronline.com
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