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TriZetto Announces Appointment of John Kao as Executive Vice President and Chief Revenue Officer
NEWPORT BEACH, Calif. – January 7, 2002 – The TriZetto(R) Group, Inc. (Nasdaq: TZIX), has appointed John Kao to the position of executive vice president and chief revenue officer. Kao will oversee TriZetto's sales and marketing, business and corporate development, and product-management functions. TriZetto is a comprehensive source of healthcare information technology (IT) products and services, including enterprise and e-business applications, software hosting, consulting and business services.
Kao will join TriZetto's executive operating committee, which includes Jeffrey H. Margolis, chief executive officer; Anthony Bellomo, president of the HealtheWare division; and Daniel J. Spirek, president of the Business Solutions division.
"We welcome John as a member of the TriZetto team," said Margolis. "Given his many years of experience in healthcare finance, corporate development and technology, he is ideally suited to lead TriZetto's revenue and product- development initiatives. John will spearhead enhanced product and service offerings that will benefit our customers and contribute to the growth of our company."
Kao has an extensive background in healthcare strategy, business operations, strategic alliances, mergers and acquisition, strategic planning and finance. Prior to joining TriZetto, Kao served as president and CEO of the ventures division of PacifiCare Health Systems, managing PacifiCare's specialty businesses, including PacifiCare Behavioral Health, PacifiCare Dental and Vision and Prescription Solutions. He was also the senior vice president of corporate development at PacifiCare and chief financial officer for Secure Horizons USA, a PacifiCare franchise business unit; vice president of mergers and acquisition for FHP Healthcare; and an investment banker with Bank of America, where he managed a portfolio of healthcare service and technology company investments.
"With its broad range of products and services, TriZetto is positioned to set the pace in the highly competitive healthcare IT market," said Kao. "I look forward to helping direct TriZetto's strategy and vision for the future."
Kao holds an MBA in finance from the University of California, Los Angeles, and a bachelor's degree in finance from Santa Clara University in Santa Clara, Calif.
About TriZetto
The TriZetto(R) Group, Inc., offers a broad portfolio of healthcare IT products and services that can be delivered individually or combined to create a comprehensive solution. The company provides proprietary and third-party software on a licensed or hosted basis, e-business applications, consulting services and business services, such as claims, billing and enrollment processing. Focused exclusively on healthcare, TriZetto serves more than 500 payers, providers and benefits administrators. Its payer customers serve more than 90 million health plan members, or approximately 40 percent of the insured population of the United States. Headquartered in Newport Beach, Calif., TriZetto can be reached at (800) 569-1222, www.trizetto.com.
This press release contains 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, financial stability of our customers, changes in government laws and regulations 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
David Scott
303-495-7197
david.scott@trizetto.com
Schwartz Communications
Caroline Pavis
781-684-0770
trizetto@schwartz-pr.com
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For more detailed information, please call 1-800-569-1222 or click on the link below.
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