October 11, 2001
TriZetto to Provide HealthWeb Internet Platform to
The Regence Group's Blue Cross and Blue Shield Plans
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
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."
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.
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