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Erisco Gains Ability to Pre-integrate Its Software with Blue Cross and Blue Shield Association's Computer Network Through Participation in Vendor Program
NEWPORT BEACH, CA – January 23, 2001 – The TriZetto(R) Group, Inc. (Nasdaq: TZIX), announced today that its subsidiary, Erisco, Inc., a leading provider of software-based business solutions for healthcare payer organizations, has been named the first software vendor to participate in the Blue Cross and Blue Shield Association's (BCBSA) Inter-plan Teleprocessing Services (ITS) Vendor Program. Through the agreement, Erisco will develop integrated software solutions and provide enhanced services to the BCBSA member plans. Erisco currently provides Facets(R), the industry leading client/server system, to 27 percent of all Blue Cross and Blue Shield member plans, the largest share served by a payer administration software vendor.
As part of the ITS Vendor Program, Erisco's services will allow BCBSA and its member plans to better communicate as a system, making it more efficient and effective for the end consumer. The ITS system enables Blue Cross and Blue Shield plan subscribers to obtain healthcare services while traveling or living in another Blue plan's service area, linking participating providers and the independent BCBS plans across the country through a single electronic network.
As a program member, Erisco is able to pre-integrate its Facets software with the ITS system. Currently, BCBS member plans' licensing administration software must develop an individual solution and perform ongoing modifications in order to communicate via the national networks. The agreement also will give Erisco access to periodic updates to the system, ensuring rapid implementation of changes.
"Erisco is committed to serving the unique needs of Blue Cross Blue Shield plans across the country," says Rich Kerian, senior vice president of operations at Erisco. "Our agreement with the BCBS Association gives us the tools to provide advanced customer service to member plans by enabling us to provide a comprehensive solution and remove the burden from our BCBS customers."
About BCBSA
The Blue Cross and Blue Shield Association is composed of 47 independent, locally operated Blue Cross and Blue Shield plans that collectively provide health care coverage to 78 million -- one in four -- Americans. For more information on the Blue Cross and Blue Shield Association, please visit http://www.BCBS.com.
About Erisco and TriZetto
Erisco is a provider of technology solutions for healthcare payer organizations. Erisco solutions are used by more than 125 payer organizations serving over 70 million lives globally. Erisco integrates advanced technology and clinical information with enterprise-wide business applications and Internet strategies to address the needs of HMOs, PPOs, and Blue Cross Blue Shield organizations. For more information about Erisco, visit http://www.erisco.com.
The TriZetto(R) Group, Inc., is an information technology and services company focused on the healthcare industry. The company hosts and licenses software and provides e-business platforms, serving approximately 600 customers with more than 90 million enrollees. TriZetto's application service provider (ASP) unit hosts a broad selection of applications from multiple vendors for a predictable monthly fee. All of TriZetto's ASP offerings are configured for use over the Internet. TriZetto's HealthWeb(R) technology allows all healthcare participants -- health plans, providers, employers and members -- to exchange information and conduct business over the Internet. HealtheWare(TM), the software engine unit, develops and licenses premium Erisco and RIMS applications for payers and benefits administrators. Headquartered in Newport Beach, Calif., TriZetto can be reached at (949) 719-2200, www.trizetto.com.
This press release may contain 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, and risks associated with rapidly changing technology, as well as the other risks identified in TriZetto's Form 10-K and other SEC filings.
CONTACT:
TriZetto Media Relations
Jodi Amendola
480-657-9966
jamendola@cpronline.com
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