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Hospital Enterprise
Software |
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CareSource Selects
TriZetto's CareAdvance Enterprise Software and Specialized
Components to Help It Administer Medicaid Business
Other Topics: Genomic
Research Grants, Informatics
Trademarks
BUSINESS WIRE
September 5, 2006
Existing Facets Customer Expands Relationship with TriZetto
Newport Beach, CA -- The TriZetto Group Inc. (NASDAQ: TZIX)
announced that CareSource, one of the largest and
fastest-growing Medicaid managed care plans in the nation, has
purchased its CareAdvance Enterprise software and NetworX
Modeler(TM) and Facets e2 Workflow specialized applications to
help it efficiently manage the demands of the growing Medicaid
market. The customer has also signed an additional professional
services agreement with TriZetto to install CareAdvance
Enterprise and integrate it with its existing Facets(R)
administration system, which CareSource has been using since
2003. Facets is now used to process medical transactions for
approximately 25 percent of the managed Medicaid market. |
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"Our mission at
CareSource is to make a difference in the lives of underserved
people by improving their healthcare," said Mike Knellinger,
chief information officer for CareSource. "TriZetto has the
expert staff and highly automated and functional technology that
can help us continue to be an innovative national leader in the
management of quality public-sector healthcare programs."
CareAdvance Enterprise is a single platform that health plans
can use to automate utilization, case, disease and population
management, and to extend a personal health record and personal
health management tools to their members.
"TriZetto's care management solutions can help our customers
better manage growing healthcare costs and the demands of caring
for chronic, high-cost populations," said Robert London, M.D.,
chief clinical officer and head of the Cost and Quality of Care
unit for TriZetto. "CareAdvance Enterprise is a highly efficient
technology that supports improved communications and increased
collaboration with members."
NetworX Modeler is software that predicts the financial impact
of new or revised provider contracts, allowing health plans to
structure the most strategic pricing arrangements with doctors
and hospitals. Facets e2 Workflow is another specialized
component that can increase ROI and operational efficiency by
automating manual tasks, intelligently prioritizing and
funneling work to the right person at the right time.
"Because TriZetto is exclusively focused on the needs of
healthcare payers, we develop our enterprise software and
specialized components with integrated features to address their
specific business requirements," said Tony Bellomo, executive
vice president of TriZetto's software unit. "TriZetto continues
to invest extensively in research and development to support the
rapidly changing healthcare market, including the unique
administrative and IT challenges of government-sponsored
programs."
About CareSource
CareSource is a nonprofit healthcare plan that serves more than
438,000 Medicaid consumers in Ohio and more than 80,000 Hoosier
Healthwise consumers in Indiana. CareSource covers all required
services and offers extra benefits such as a 24-hour nurse
advice line, programs for pregnant members and transportation to
doctor's appointments. CareSource is serviced by CareSource
Management Group, which offers a full spectrum of services for
the administration of public-sector healthcare programs. Among
these services are general administration, including claims
processing, case and medical management, provider relations,
decision support informatics, quality improvement, and
regulatory compliance; member services, including a member call
center and 24-hour nurse hotline; and financial consultation and
turnaround. For more information, visit www.csmg-online.com.
About TriZetto
Touching more than 35% of the U.S. insured population, TriZetto
is distinctly focused on accelerating the ability of healthcare
payers to lead the industry's transformation. The company
provides premier information technology solutions that enhance
its customers' revenue growth, drive their administrative
efficiency, and improve the cost and quality of care for their
members. Healthcare payers include national and regional health
insurance plans, and benefits administrators that provide
transaction services to self-insured employer groups. The
company's broad array of payer-focused information technology
offerings include enterprise and component software, hosting and
business process outsourcing services, and consulting.
Headquartered in Newport Beach, Calif., TriZetto can be reached
at 949-719-2200 or at 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 revenue, profits,
cash flows and financial results, the market for TriZetto's
services, future service offerings, industry trends, client and
partner relationships, TriZetto's operational capabilities,
future financial structure, uses of cash or proposed
transactions. 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 September 5, 2006. 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
Investor Contact:
Brad Samson, 949-719-2220
brad.samson@trizetto.com
or
Media Contact:
Audrey McDill, 303-495-7197
audrey.mcdill@trizetto.com |
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