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TriZetto Consulting Services to Support the Regence Group's Consolidation to Facets Extended Enterprise
Single System Initiative Will Move Membership onto TriZetto's Enterprise Software
NEWPORT BEACH, Calif. – July 28, 2004 – The TriZetto Group, Inc. (NASDAQ: TZIX) announced that The Regence Group – an affiliation of four Blue Cross and/or Blue Shield plans in the Northwest and Mountain states – has signed a consulting agreement to support the consolidation of its membership onto Facets Extended Enterprise™, TriZetto's comprehensive administrative software for health plans. Regence currently serves nearly three million members in Oregon, Washington, Idaho and Utah.
In January, Regence signed an agreement to begin moving all four of its regional health plans, starting with Idaho, onto a single Facets platform, hosted by TriZetto. In June, Regence confirmed this strategy for its other three states and also signed the additional consulting agreement. The decision was part of a larger corporate strategy to streamline administration, improve efficiency and enhance customer service.
TriZetto will provide professional consulting services to assist Regence with its Facets implementation. These services will address multiple aspects of the project, including Facets functionality, project management, business integration, custom development and process engineering. Regence will also receive several of TriZetto's specialized health plan consulting services, which will focus on e-business and business intelligence.
"Our track record of successful enterprise software installations continues to earn us business from the nation's largest health plans," said Patricia Gorman, executive vice president of TriZetto's Business Solutions unit, which includes the company's software hosting and other outsourcing businesses. "We work closely with our clients to assess IT needs, guide strategy and install our systems so health plans extract optimal performance from the technology."
About TriZetto
TriZetto serves the payer market, comprised of national and regional health insurance plans as well as benefits administrators providing transaction services to self-insured employer groups. The company offers a broad portfolio of information technology products – software, outsourcing services and consulting services – tailored to the needs of healthcare payers. Headquartered in Newport Beach, Calif., TriZetto can be reached at (949) 719-2200 or www.trizetto.com.
Important Notice Regarding Forward-Looking Statements
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, industry trends, 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 new and existing products and services, the timing of new bookings, 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 and product offerings, financial stability of our customers, the ability of TriZetto to meet its contractual obligations to customers, including service level and disaster recovery commitments, changes in government laws and regulations and risks associated with rapidly changing technology, as well as the other risks identified in TriZetto's SEC filings, including, but not limited to, its annual report on Form 10-K and quarterly reports on Form 10-Q, copies of which may be obtained by contacting TriZetto's investor relations department at 949/719-2225 or at TriZetto's web site at www.trizetto.com. All information in this release is as of July 28, 2004. 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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For more detailed information, please call 1-800-569-1222. |
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