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Community Health Plan Upgrades To TriZetto's Facets Extended Enterprise To Accelerate Entrance Into Consumer-Directed Market
NEWPORT BEACH, Calif. – March 11, 2004 – The TriZetto Group, Inc. (NASDAQ: TZIX), announced that Heartland Health has signed a software license agreement to move its health maintenance organization, called Community Health Plan, to Facets Extended Enterprise™ (Facets e2), TriZetto's comprehensive administrative system. An existing Facets customer, Community Health Plan is upgrading its system to Facets e2 and TriZetto's eBusiness suite to offer members broader products and services, such as defined contribution plans and Internet self-service. The health plan will use the software to process transactions for its members in northwest Missouri and northeast Kansas.
"As Community Health Plan continues to grow, it is important for us to listen to our customers, identify their needs and provide services that make health insurance easy to use and understand," said Linda Bahrke, administrator for Community Health Plan. "As a local provider, we are proud that we are able to provide high quality service while keeping the cost of healthcare benefits as low as possible."
"Like Community Health Plan, many of our existing customers are moving to Facets e2 to address today's challenges as well as future market requirements," said Tony Bellomo, president of TriZetto's software unit. "Facets e2 fully integrates consumer-directed functionality for seamless administration of health reimbursement accounts. TriZetto's proven technology can help organizations achieve their strategic vision and bring complex new products to market quickly."
About Heartland Health
Heartland Health is an integrated health delivery system, which includes a medical center, physician practices, foundation and a health plan, called Community Health Plan. Founded in 1984 in St. Joseph, Missouri, Heartland seeks to improve the health of area individuals and communities and to provide the right care, at the right time, in the right place, at the right cost with outcomes second to none. Commitment to this mission has enabled Heartland Health to become the leader in healthcare in a 21-county area of northwest Missouri, northeast Kansas and southeast Nebraska. Providing exceptional care and service in an honest, respectful, trustworthy and caring manner is simply the way Heartland operates.
About TriZetto
The TriZetto Group, Inc. offers a broad portfolio of healthcare information technology (IT) products and services that can be delivered individually or combined to create a comprehensive solution.
The company provides:
- leading proprietary and third-party software, including e-business applications;
- outsourced services, such as software hosting, transaction processing and IT department operations; and
- strategic and implementation consulting.
TriZetto is focused on three healthcare markets: payers, benefits administrators and physician groups. Its more than 400 customers represent approximately 40 percent of the U.S. insured population. Headquartered in Newport Beach, Calif., TriZetto can be reached at (949) 719-2200 or 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, the ability of TriZetto to meet its contractual obligations to 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. TriZetto undertakes no duty to update any forward-looking statement to conform the statement to actual results or changes in the company's expectations.
CONTACTS:
TriZetto Media Relations
Audrey Mautner
303-495-7197
audrey.mautner@trizetto.com
Schwartz Communications
Brian Bogie
781-684-0770
trizetto@schwartz-pr.com
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