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TriZetto Names Patricia Gorman President of
Business Solutions Unit
NEWPORT BEACH, Calif. – February 20, 2003 – The TriZetto® Group, Inc. (Nasdaq:TZIX) today named Patricia Gorman executive vice president and president of its Business Solutions unit, which handles operations of the company's software hosting and other outsourcing businesses. Gorman has more than 25 years of operational experience at Fortune 100 companies, including Time Warner Telecom and AT&T. At TriZetto, she will be responsible for Business Solutions' strategic direction and revenue growth, and will oversee service delivery for the unit's payer, benefits administration and provider customers.
"Pat's extensive operations experience outside of the healthcare industry will complement TriZetto's deep healthcare information technology expertise," said Chairman and CEO Jeffrey H. Margolis. "She will be instrumental in applying best business practices from other industries to our services operations. As an expert in business-process re-engineering, she has surpassed revenue and productivity targets and customer expectations throughout her career. We expect Pat to be a strong contributor as TriZetto continues to progress toward operational excellence."
Gorman most recently served as executive vice president, Corporate Operations, for Time Warner Telecom. Prior to joining Time Warner, Gorman spent 23 years at AT&T in a variety of roles, ranging from corporate operations, to branch management, to product management and marketing.
"TriZetto has a winning combination for success: an innovative way of delivering healthcare IT services, a command of industry trends and challenges, and a passion for getting the job done right," said Pat Gorman, executive vice president and president, Business Solutions. "The company's executives, board members and staff are committed to making healthcare more efficient, and I want to be a part of that."
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, benefit administrators and physician groups. Its more than 550 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.
CONTACTS:
TriZetto Media Relations
Audrey Mautner
303-495-7197
audrey.mautner@trizetto.com
Schwartz Communications
Caroline Pavis
781-684-0770
trizetto@schwartz-pr.com
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