Cognizant Announces Partnership with TriZetto to Enhance Integration and Development of TriZetto's Leading Managed Care Applications.Business Editors TEANECK, N.J.--(BUSINESS WIRE)--June 17, 2002 Cognizant Technology Solutions Cognizant redirects here. For a definition of the word see the entry for at Wiktionary Cognizant Technology Solutions (NASDAQ: CTSH) is an information technology services company with headquarters in New Jersey U.S.A. Corp. (Nasdaq: CTSH), a leading provider of custom software development, integration and application outsourcing services, today announced that it has expanded its relationship with The TriZetto(R)Group, Inc. (NASDAQ: TZIX). Cognizant is a strategic partner for TriZetto's Facets(R), the industry leading managed care administrative application for healthcare payers. Cognizant has played the lead role in technical integration of Facets for over 15 clients and has recently added six new Facets clients including Fortis Health, Premera Blue Cross Premera Blue Cross is a nonprofit Blue Cross Blue Shield licensed health insurance company based in Mountlake Terrace, Washington. It sells health insurance plans under the Blue Cross license in Washington state except Clark County and under both the Blue Cross and Blue Shield and Boston Medical Center Boston Medical Center (BMC) is a non-profit 581-bed medical center in Boston, Massachusetts. It was created by the formal merger of Boston City Hospital (BCH) and Boston University Medical Center Hospital (BUMCH). . Cognizant will now expand its relationship with TriZetto by providing integration and development support for additional software products, including HealthWeb(R), TriZetto's Internet platform; QicLink(TM), the leading application for benefits administrators; NetworX(TM), a powerful claims-repricing system; and TriZetto HIPAA (Health Insurance Portability & Accountability Act of 1996, Public Law 104-191) Also known as the "Kennedy-Kassebaum Act," this U.S. law protects employees' health insurance coverage when they change or lose their jobs (Title I) and provides standards for patient health, Gateway(TM), an application that receives, routes, stores and queries electronic transactions in compliance with the Health Insurance Portability and Accountability Act The Health Insurance Portability and Accountability Act (HIPAA) was enacted by the U.S. Congress in 1996. According to the Centers for Medicare and Medicaid Services (CMS) website, Title I of HIPAA protects health insurance coverage for workers and their families when of 1996 (HIPAA). Cognizant will help healthcare customers integrate TriZetto products with their existing information systems and, within TriZetto, will support further development of these software applications. "Cognizant has proven expertise in software development, integration and implementation," said Bruce R. Kaurene, Vice President and Chief Technology Officer for TriZetto's software division. "That, combined with their knowledge of the managed care industry and TriZetto's software products, has made them a trusted and reliable partner throughout the years. For these reasons, we've decided to expand Cognizant's role in serving TriZetto customers and supporting TriZetto's internal development teams." Cognizant's healthcare practice, comprised of more than 650 consultants with domain and technology expertise, helps leading managed care organizations cut operating costs operating costs npl → gastos mpl operacionales , boost efficiency, speed and responsiveness, develop new market opportunities, and remain compliant with increasingly demanding government regulations, including HIPAA. "We've chosen Cognizant to help us implement a comprehensive healthcare application package," said Pete Bedell Bedell could refer to A person:
"Cognizant is asserting leadership in the healthcare space, due to our unmatched expertise in key technologies and business processes," said Kumar Mahadeva, Chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Cognizant. "Cognizant has gained industry leading knowledge in the healthcare industry and more and more organizations, including TriZetto, are asking us to deepen our partnerships as their investments with us pay off." About TriZetto The TriZetto(R) Group, Inc. offers a broad portfolio of healthcare IT products and services that can be delivered individually or combined to create a comprehensive solution. The company provides proprietary and third-party software on a licensed or hosted basis, e-business applications, consulting services Noun 1. consulting service - service provided by a professional advisor (e.g., a lawyer or doctor or CPA etc.) service - work done by one person or group that benefits another; "budget separately for goods and services" and business services, such as claims, billing and enrollment processing. Focused exclusively on healthcare, TriZetto serves more than 500 payers, providers and benefits administrators. Its customers serve more than 100 million health plan members, or approximately 40 percent of the insured population of 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. . Headquartered in 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., TriZetto can be reached at (800) 569-1222, www.trizetto.com. About Cognizant Technology Solutions Cognizant Technology Solutions (Nasdaq: CTSH) is a leading provider of custom software development, integration and maintenance services that link e-business with core information systems for companies worldwide. Cognizant operates under a high quality, high value onsite/offshore model that enables better, faster and more cost effective development and deployment of large-scale systems across a wide range of transaction intensive business needs. Its 3,900 employees are committed to partnerships that sustain long-term, proven value in order to win in today's global marketplace. Cognizant was listed as one of the "Best Small Companies in America," by Forbes and as the top solutions provider and one of the top 200 Hot Companies by Business Week. Cognizant has been assessed at SEI/CMM Level 5, the highest possible rating. Certain statements contained herein, including statements regarding the development of the Company's services, markets and future demand for the Company's services, projections on future growth potential, and other statements regarding matters that are not historical facts, are 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. (as defined in 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). Such forward-looking statements include risks and uncertainties; consequently, actual results may differ materially from those expressed or implied thereby. Factors that could cause actual results to differ materially include, but are not limited to, variability of quarterly operating results, reliance on large projects, concentration of revenue, ability to attract and retain professional staff, dependence on key personnel, ability to manage growth effectively, risks associated with rapid technological advances, risks associated with possible acquisitions, risks associated with the Company's strategic partnerships, various project-associated risks, substantial competition, general economic conditions, risks associated with intellectual property rights, risks associated with international operations Internal Operations (I.O., IO or I/O) is a fictional American Intelligence Agency in Wildstorm comics. It was originally called International Operations. I.O. first appeared in WildC.A.T.S. volume 1 #1 (August, 1992) and was created by Brandon Choi and Jim Lee. and other risk factors listed from time to time in the Company's filings and reports with the Securities and Exchange Commission. |
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