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TriZetto to Provide HealthWeb Internet Platform to Premera Blue Cross
Eighth HealthWeb Agreement with a BCBS Plan
NEWPORT BEACH, Calif. – January 10, 2002 – The TriZetto(R)Group, Inc. (Nasdaq: TZIX) has signed an agreement to provide its HealthWeb(R) Internet platform to Premera Blue Cross and its health plan affiliates, serving 1.2 million members in the Pacific Northwest and Alaska. Premera is currently implementing Erisco's Facets(R), TriZetto's health plan administration software. The agreement is the eighth HealthWeb contract that TriZetto has signed with a Blue Cross Blue Shield (BCBS) plan. With seven BCBS plans currently using or implementing HealthWeb, TriZetto is the largest supplier of e-business software to BCBS plans.
"2001 was a banner year, given our success at cross-selling HealthWeb to TriZetto's large base of BCBS and other health plan customers," said Gail Knopf, general manager of TriZetto's HealthWeb unit. "We've proven that HealthWeb provides the Internet capabilities that health plans need to streamline administration and provide online services to their members and other important customers."
Premera is using HealthWeb tools to enable its members, providers, employers and brokers to make online inquiries about eligibility and coverage, ID card requests, health plan enrollment and more.
About Premera
Premera Blue Cross (also operating in eastern Washington under the name "MSC incorporated as Premera Blue Cross," and in Alaska as "Blue Cross Blue Shield of Alaska") is a regional health plan serving more than one million members in Washington and Alaska. Premera Blue Cross is an independent licensee of the Blue Cross Blue Shield Association. The PREMERA family of companies also offers a health plan in Oregon.
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, 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, 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
David Scott
303-495-7197
david.scott@trizetto.com
Schwartz Communications
Caroline Pavis
781-684-0770
trizetto@schwartz-pr.com
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