85 Leading Healthcare Organizations Discuss the Industry's Direction and Key Issues at 2006 TriZetto Payer Conference.NEWPORT BEACH Newport Beach, residential and resort city (1990 pop. 66,643), Orange co., S Calif., on Newport Bay and the Pacific Ocean; inc. 1906. It is a popular seaside resort and yachting center. Manufactures include electrical and medical equipment, computers, boats, and adhesives. , Calif. -- Payers Representing More than 80 Million Insured Individuals Gain Insight into Real-Time Point-of-Service, Consumer-Retail Healthcare, Medicare Part D, Advanced Care Management, and More The TriZetto Group Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : TZIX) continued its leadership in the health plan market with its 2006 Payer Conference this week, attended by more than 500 individuals representing 85 leading healthcare organizations. TriZetto systems currently serve one-third of the 100 largest health plans in the U.S. "TriZetto's annual payer conference is a unique and intimate forum for health plans to experience the full scope of TriZetto's solution portfolio, which we've designed to help our customers enhance revenue growth, drive administrative efficiency, and improve the cost and quality of care," said Kathleen Earley, president and COO for TriZetto. TriZetto, a technology leader for the consumer-retail healthcare market, unveiled at the conference a live demonstration of its forthcoming Provider POS (1) See point of sale and packet over SONET. (2) "Parent over shoulder." See digispeak. POS - point of sale Direct(TM) solution, which will enable real-time adjudication The legal process of resolving a dispute. The formal giving or pronouncing of a judgment or decree in a court proceeding; also the judgment or decision given. The entry of a decree by a court in respect to the parties in a case. of claims and real-time patient liability estimation for providers. Provider POS Direct, which will be fully integrated with TriZetto's Facets Extended Enterprise(TM) administrative system, is a comprehensive package of software and services that a health plan's providers can use to collect accurate payment from members at the point of care. TriZetto expects to begin offering it to its health plan customers later this fall. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Dan Spirek, chief solutions officer at TriZetto, administering benefits in an increasingly consumer-oriented world requires this type of advanced retail healthcare solution. "As consumers shoulder more of the actual cost of their healthcare services, providers face an alarming rate of growing accounts receivables accounts receivable n. the amounts of money due or owed to a business or professional by customers or clients. Generally, accounts receivable refers to the total amount due and is considered in calculating the value of a business or the business' problems in paying and bad debt," said Spirek "In the new retail market, the actual cost of a healthcare transaction will be determined - and paid for - at the point of service. Before the patient leaves the doctor's office, the provider will be able to access the health plan's system and calculate what balance the patient owes for a service. By using debit cards debit card, card that allows the cost of goods or services that are purchased to be deducted directly from the purchaser's checking account. They can also be used at automated teller machines for withdrawing cash from the user's checking account. or other means and settling the patient's financial responsibility in real time, providers and health plans significantly reduce senseless administrative costs administrative costs, n.pl the overhead expenses incurred in the operation of a dental benefits program, excluding costs of dental services provided. . TriZetto's Provider POS Direct can be a differentiator for payers, who can improve the member experience, help providers manage growing receivables, and benefit from additional administrative savings." TriZetto's entire conference showcase was aligned with the pressing business needs of a health plan. Key areas of focus included the consumer retail market, Medicare and Medicaid Medicare and Medicaid U.S. government programs in effect since 1966. Medicare covers most people 65 or older and those with long-term disabilities. Part A, a hospital insurance plan, also pays for home health visits and hospice care. programs, care management, and network management. TriZetto experts conducted 130 in-depth workshops across 10 different tracks, designed to enhance conference attendees' understanding of market trends and specific supporting technology. Topics included: --Consumerism: Reaching the Changing Market --Real-time Point-of-Service Provider Adoption Strategy --The Future of Care Management: Where Are We Headed and What Tools Do We Need To Get There? --Web Solutions for Health Plan Members and CDH Congenital diaphragmatic hernia (CDH) A condition in which the fetal diaphragm—the muscle dividing the chest and abdominal cavity—does not close completely. Mentioned in: Prenatal Surgery Accounts --Quality Care Initiatives to Manage Your Members --Rethinking Medicare Workflows and Reports for Success --Entering the Consumer-Directed Market Quickly Through Outsourcing --How Do You Measure Up? A Benchmark Assessment of Key Health Plan Operations Performance Indicators --The Future of Provider Network Management: Are you Prepared? Over 100 "touch and feel" workstations also offered participants live demonstrations of TriZetto's products and services to address these business requirements. "TriZetto is uniquely focused on maintaining the payer's central role in the healthcare industry's supply chain, as these payers connect consumers to their care within an organized economic framework," added Earley. "TriZetto has a history of introducing business thought leadership into the market, while also providing the technology roadmaps The context of product management The existence of product managers in the product software industry indicates that software is becoming more and more commercialized as a standard product. for payers to evolve and strengthen their positions as the industry changes." TriZetto's acquisition of CareKey(R) in late 2005 marked an important broadening of TriZetto's core capabilities to help payers address efficient management of the entire healthcare premium dollar. With the TriZetto CareAdvance(TM) Enterprise system, payers can benefit from a single platform for automating case, disease and population management. CareAdvance Enterprise can be combined with TriZetto's core administrative solutions, Facets(TM) and QicLink(TM), along with the company's other components, to deliver the industry's most powerful total enterprise solution. In addition to its solutions showcase and workshops, TriZetto's payer conference featured entertaining and informative presentations from Bob Costas Robert Quinlan Costas (born March 22, 1952) is an American sportscaster, on the air for the NBC network since the early 1980s. Life and honors Bob Costas was born in Queens, New York, and grew up in Commack on Long Island and went to Commack South High School. , Emmy-award winning Olympics and sports commentator, and Maddy Dychtwald, noted author and futurist. One of the nation's leading authorities on the age wave, Dychtwald has been actively involved in analyzing and forecasting lifestyle and consumer marketing trends pertaining per·tain intr.v. per·tained, per·tain·ing, per·tains 1. To have reference; relate: evidence that pertains to the accident. 2. to the different generations. Now more than ever, it's imperative that health plans understand the impact of these trends on their businesses, so they can be competitive both today and in the future. TriZetto's 2006 Payer Conference took place June 4 - 7 at the JW Marriott Desert Ridge Resort & Spa in Phoenix. For more information about TriZetto's comprehensive health-plan technology solutions, or next year's payer conference, please visit www.trizetto.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 employer group Association of employers Managed care An entity with a current group benefits agreement in effect with a health plan to provide covered health care services to its employee-subscribers and eligible dependents. . The company's broad array of payer-focused information technology offerings include enterprise and component software, hosting and business process outsourcing Business process outsourcing (BPO) is the contracting of a specific business task, such as payroll, to a third-party service provider. Usually, BPO is implemented as a cost-saving measure for tasks that a company requires but does not depend upon to maintain its position in services, and consulting. Headquartered in Newport Beach, California Newport Harbor redirects here. For the MTV reality series, see . Newport Beach, incorporated in 1906, is a city in Orange County, California, 10 miles south of downtown Santa Ana. , TriZetto can be reached at 949-719-2200 or at www.trizetto.com. |
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