TriZetto CEO Jeff Margolis Issues 2010 Predictions for U.S. Healthcare Industry Amid Sweeping Reform
NEWPORT BEACH, Calif. - January 7, 2010 - The TriZetto Group, Inc., today announced the release of six predictions for the healthcare industry by its founder, chairman and chief executive officer, Jeff Margolis. Shared with customers during TriZetto's annual Executive Vision Summit in late 2009, Margolis's predictions span a number of topical industry issues, including healthcare reform, reimbursement, delivery of care, personal health records and value-based benefits.
"These predictions are meant to jump-start constructive business and policy discussions and are not limited to a time-frame of 2010 alone," said Margolis. "They are meant to help guide and focus discourse on the industry's top priorities for the months and years ahead."
Margolis's predictions include the following:
- Payer-populated personal health records (PHRs) - previously rejected by providers and academicians as "containing only administrative data" - will become recognized as efficiently complementary to electronic health record (EHR) efforts and will enter the mainstream of consumer and ambulatory provider interaction;
- In order to contain the potential impact of expanded government-imposed (non-competitive) pricing in U.S. healthcare, private health plans and providers of all types will enter a new era of win-win supply chain partnerships; and
- While early efforts at qualitative provider transparency for "value-based" care will be academically and clinically oriented, providers and plans will learn that consumers drive their own definitions of quality, and those definitions will be simple and understandable to laypeople.
Widely regarded as a visionary in the application of innovative technology to the complex and rapidly changing healthcare industry, Margolis founded TriZetto in 1997. He has more than 25 years of experience architecting and managing information technology and services for some of the nation's largest and most innovative healthcare organizations. He is the former senior vice president and chief information officer of FHP International Corp., a $4 billion healthcare company that operated health plans, multi-specialty physician clinics and hospitals, serving more than 2 million members and patients. Margolis serves on the national board for the Crohn's and Colitis Foundation of America, the board of directors of Hoag Hospital and the advisory board of the University of California, Irvine's Center for Healthcare Management & Policy. Margolis is a frequent guest lecturer at healthcare programs of major universities in the United States, including Wharton and Harvard, and is the author of The Information Cure. In his book, Margolis describes specific steps to dramatically improve U.S. healthcare through Integrated Healthcare Management.
To receive the full list of the predictions or arrange an interview with Jeff Margolis, please contact Schwartz Communications at 781-684-0770 or trizetto@schwartz-pr.com.
About TriZetto
Founded in 1997, TriZetto is the leading privately held healthcare information technology company to the healthcare payer industry. With its technology touching half of the U.S. insured population, TriZetto is Powering Integrated Healthcare Management®, the systematic application of processes and shared information to optimize the coordination of benefits and care for the healthcare consumer. The company's offerings include enterprise and component software, hosting, outsourcing services and consulting that help payers implement and optimize their operations and minimize the risk of bringing to market new products that drive competitive differentiation.
Media Contacts:
Loren Finkelstein
The TriZetto Group
303-542-2460
loren.finkelstein@trizetto.com
Melissa Bruno
Schwartz Communications
781-684-0770
trizetto@schwartz-pr.com