APS Healthcare Realizes Immediate Benefits, ROI from TriZetto's Hosted Facets Software and Business Services.Business Editors 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.--(BUSINESS WIRE)--Jan. 27, 2004 NATIONAL SPECIALTY HEALTHCARE COMPANY GOES LIVE WITH COMPREHENSIVE OUTSOURCED SERVICES The TriZetto Group, Inc. (Nasdaq:TZIX), announced that APS Healthcare(sm) (APS) - a specialty healthcare company serving more than 12 million members in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. and Puerto Rico Puerto Rico (pwār`tō rē`kō), island (2005 est. pop. 3,917,000), 3,508 sq mi (9,086 sq km), West Indies, c.1,000 mi (1,610 km) SE of Miami, Fla. - has successfully transitioned a significant portion of its business to Facets FACETS Fairfax Area Christian Emergency and Transitional Services (Virginia) FACETS Facilities Construction, Engineering and Technical Services FACETS Frequency And Coverage Evaluation in Time-Sharing (R), TriZetto's comprehensive administrative software. TriZetto is hosting and managing Facets for APS, working closely with the APS operations team to improve many of the company's day-to-day business transactions, such as claims processing, member eligibility and enrollment. To date, 1.6 million APS behavioral healthcare members have transitioned to the Facets system. 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. APS Behavioral Health Behavioral health was first used in the 1980's to name the combination of the fields mental health and substance abuse. As an example, an organization serving both mental health and substance abuse clients might refer to its practice as behavioral health or Division President Rick Hafer, Ph.D., outsourcing (1) Contracting with outside consultants, software houses or service bureaus to perform systems analysis, programming and datacenter operations. Contrast with insourcing. See netsourcing, ASP, SSP and facilities management. the company's administrative software and related transaction processes has already provided the company tremendous benefits in customer service and processing claims. "Customer service has always been our top priority, and the new Facets system is helping APS exceed important goals in this area," said Dr. Hafer. APS provides specialty healthcare solutions in the areas of behavioral healthcare, disease management, medical management, disability management, pharmacy and physical medicine, as well as employee assistance programs. Its primary customers include corporations, HMOs, unions, PPOs, indemnity plans indemnity plan, n 1. a plan that provides payment to the insured for the cost of dental care but makes no arrangement for providing care itself. 2. and public sector programs. APS cited another key benefit of Facets: its ability to interact with the wide variety of systems used by APS clients. TriZetto's APS implementation team successfully managed the many challenges typical of large software implementations, including the creation of a single repository of benefit and member data to feed the Facets system. The transfer of all current and historical claims data was completed in a matter of days. Because of this efficiency, APS could continue to function and provide seamless member service during the transition. "Even with this customer's multiple, complex product lines and large data loads, the Facets conversion was essentially invisible to the company's members," said Patricia Gorman, president of TriZetto's outsourcing unit. About APS Healthcare APS is a provider of specialty health care solutions to more than 900 clients, principally corporate employers, commercial health plans and public sector programs, servicing approximately 12 million covered lives in the United States and Puerto Rico. APS' portfolio of products encompasses a full range of healthcare services, including behavioral and medical management, informatics Same as information technology and information systems. The term is more widely used in Europe. tools, targeted disease management programs, employee assistance programs, work/life services, and absence and disability management. All of APS' programs combine the company's core competencies A core competency is something that a firm can do well and that meets the following three conditions specified by Hamel and Prahalad (1990):
About TriZetto The TriZetto Group, Inc. offers a broad portfolio of healthcare information technology (IT) products and services that can be delivered individually or combined to create a comprehensive solution. The company provides: -- leading proprietary and third-party software, including e-business applications; -- outsourced services, such as software hosting, transaction processing and IT department operations; and -- strategic and implementation consulting. TriZetto is focused on three healthcare markets: payers, benefits administrators and physician groups. Its more than 400 customers represent approximately 40 percent of the U.S. insured population. Headquartered in Newport Beach, Calif., TriZetto can be reached at (949) 719-2200 or www.trizetto.com. This press release contains forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. that involve risks and uncertainties. The forward-looking statements are made pursuant to the Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. provisions of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and 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, the ability of TriZetto to meet its contractual obligations to 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 Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. and other SEC filings. TriZetto undertakes no duty to update any forward-looking statement to conform the statement to actual results or changes in the company's expectations. |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion