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SafetyAlerts
October 11, 2001

TriZetto to Provide HealthWeb Internet Platform to The Regence Group's Blue Cross and Blue Shield Plans

 

The TriZetto(R) Group, Inc. (NASDAQ: TZIX) has signed an agreement to provide its HealthWeb(R) Internet platform to The Regence Group, a Blue Cross and Blue Shield (BCBS) organization serving more than three million members in the Western United States. The Regence Group is currently implementing Erisco's Facets, TriZetto's managed care administration software. This is the sixth HealthWeb contract that TriZetto has signed with BCBS Plans, reinforcing HealthWeb's position as the largest supplier of e-business software to BCBS Plans.

The Regence Group operates four health plans: Regence BlueCross BlueShield of Oregon, Regence BlueShield (in Washington), Regence BlueCross BlueShield of Utah, and Regence BlueShield of Idaho. Implementation of HealthWeb will begin at Regence BlueShield of Idaho and Regence BlueCross BlueShield of Utah, with an option to expand to the other plans. HealthWeb will allow the plans to bring online services -- inquiries about eligibility and coverage, ID card requests, health plan enrollment and more -- to its members, providers, employers and brokers.

"Our members and physicians want these online features, but the time and costs associated with building our own Internet application were very high," said Wayne Haddad, senior vice president and CIO with The Regence Group. "We're confident that HealthWeb will interface seamlessly with Facets, another TriZetto product. The fact that service and maintenance of the combined systems can be handled with one phone call is another tremendous advantage."

In July, TriZetto signed a five-year agreement with the Blue Cross and Blue Shield Association (BCBSA) to educate BCBSA member plans on the advantages of the HealthWeb platform. Gail Knopf, chief operating officer of TriZetto's HealthWeb unit, says the agreement is beginning to pay dividends.

"The more Blue Cross and Blue Shield Plans learn about HealthWeb, the more inquiries we receive," said Knopf. "HealthWeb offers significant value to Blue Cross and Blue Shield Plans nationwide to help them reduce administrative costs and improve customer service."

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, http://www.trizetto.com/.

About The Regence Group

The Regence Group, headquartered in Portland, Oregon, serves more than 3 million customers in four states. It is the largest affiliation of health plans in the Northwest, with total annual premiums of $5.2 billion. Customer service is a high priority among its 6,100 employees in 30 local offices. Independently, the affiliates offer numerous medical plans - PPO, HMO, and Traditional - and plans under all other lines of business, including dental, vision, and prescription drug; collectively, they offer a four-state PPO plan and are developing a nationwide Point of Service plan for the BlueCross and BlueShield Association. Formed in 1995 as The Benchmark Group, the affiliation changed its name in early 1997 to The Regence Group, which more accurately reflects the "regional alliance" among the plans. Combining forces has helped the affiliate plans improve operational efficiency and offer access to approximately 20,000 providers.

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.

Source: PRNewswire

 
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