Corporate Profile for The TriZetto Group, dated Friday, May 17, 2002.Business Editors --(BUSINESS WIRE) The following Corporate Profile is available for inclusion in your files. News releases for this client are distributed by Business Wire and also become part of the leading databases and online services, including all of the leading Internet-based services.
Published Date: May 17, 2002
Company Name: The TriZetto Group
Address: 567 San Nicolas Drive, Suite 360
Newport Beach, CA 92660
Main Telephone
Number: 949-719-2200
Internet Home
Page Address
(URL) www.trizetto.com
Chief Executive
Officer: Jeff Margolis
Chief Financial
Officer: Mike Sunderland
Investor Relations
Contact: Anna Marie Dunlap
Business number: 949-719-2236
E-mail address: am.dunlap@trizetto.com
Public Relations
Contact: Alicia Allen
Business number: 781-684-0770
E-mail address: trizetto@schwartz-pr.com
Industry: Healthcare IT
Trading Symbol/
Exchange: Nasdaq: TZIX
Market Makers: Thomas Weisel Partners, Bear, Sterns & Co., Inc.,
Jefferies & Company, Inc., and CIBC World Markets
Inc.
Company Description: The TriZetto Group, Inc. offers a broad suite 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 Updating the appropriate database records as soon as a transaction (order, payment, etc.) is entered into the computer. It may also imply that confirmations are sent at the same time. Transaction processing systems are the backbone of an organization because they update constantly. , 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 500 customers represent approximately 40 percent of the U.S. insured population. FINANCIAL STATS: Revenue: 2002 Q1 Revenue: $59.7 million for Q1 ended March 31, 2002 2001 Revenue: $218 million for year ended December 31, 2001 2000 Revenue: $89 million for the year ended December 31, 2000 Nasdaq symbol: TZIX Fiscal Year-End Fiscal Year-End The completion of a one-year, or 12-month, accounting period. Notes: The reason that a company's fiscal year often differs from the calendar year and does not close on Dec 31, is due to the nature of company's needs. : December 31 EMPLOYEES: TriZetto employs 1,700 people nationwide. CUSTOMERS: TriZetto's larger customers include: Anthem anthem [ultimately from antiphon], short nonliturgical choral composition used in Protestant services, usually accompanied and having an English text. The term is used in a broader sense for "national anthems" and for the Latin motets still used occasionally in Blue Cross Blue Shield Blue Shield A US not-for-profit health care insurer that is a reimbursement intermediary for physicians. Cf Blue Cross. , UnitedHealth Group's Specialized spe·cial·ize v. spe·cial·ized, spe·cial·iz·ing, spe·cial·iz·es v.intr. 1. To pursue a special activity, occupation, or field of study. 2. Care Services Division, Humana, Blue Cross Blue Shield of Michigan Michigan (mĭsh`ĭgən), upper midwestern state of the United States. It consists of two peninsulas thrusting into the Great Lakes and has borders with Ohio and Indiana (S), Wisconsin (W), and the Canadian province of Ontario (N,E). , Mutual of Omaha Mutual of Omaha, best known for sponsoring the popular television show Mutual of Omaha's Wild Kingdom, is a Fortune 500 insurance and financial services company headquartered in Omaha, Nebraska. , PacifiCare 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 , The Regence Group, John Deere Health, GE Financial, and Walgreens. |
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