TZIX Trizetto Grp. (MM)

The TriZetto Group Inc. (NASDAQ: TZIX) announces the general-availability release of Facets� 4.51, the newest version of TriZetto�s enterprise-wide core administration software to help healthcare payers improve productivity, enhance service and enable growth. Seventy-nine U.S. health insurance companies, including 18 BlueCross BlueShield plans, use TriZetto�s Facets system, and nearly half of all Americans receive health insurance from payers using the company�s Facets or other software applications. The Facets product is part of TriZetto�s suite of core administration systems that help payers efficiently execute core administrative functions, including claims processing, premium billing and customer service. �The newest release of the Facets software includes more than 100 enhancements that further ease and speed the administration of health benefits by our customers,� said Rob Scavo, TriZetto�s president of core administration solutions. �This recent release demonstrates TriZetto�s ongoing commitment to continually provide our customers with improved functionality that helps streamline their operations and meet new market challenges.� With enhancements to Facets 4.51, customer service representatives at health plans can use a new keyword feature to more easily find specific benefit information when fielding telephonic inquiries. The Facets application can now be supported in other languages, and the new version includes a feature for customization of screen views. New functionality in Facets 4.51 enables payers to make changes and corrections to debit cards used for medical services by members enrolled in consumer-driven health plans. Additionally, flexible spending account claims that cannot be auto-adjudicated can now be handled using the Workflow feature to increase administrative efficiency. As part of an ongoing effort to support TriZetto customers who administer Medicare health plans, Facets Billing now supports expanded split-billing processing so that multiple entities (i.e. member, employer groups and CMS) can each be billed for specific percentages of an insurance premium. TriZetto has a long and proven track record of providing comprehensive, robust, enterprise-wide software for healthcare payers. TriZetto works with its extensive user community and monitors industry trends to ensure that it is providing functionality that meets current and emerging business needs. New versions of TriZetto�s Facets and QNXT� systems are introduced annually, Scavo explained, �to enhance their utility for payers, meet changing regulatory requirements, accommodate developments in plan design, such as CDHC, and help payers evolve from a purely transaction-oriented business to one that further integrates with providers, brokers, employers and members to better manage the cost and quality of care.� About TriZetto TriZetto is Powering Integrated Healthcare Management�. With its technology touching nearly half of the U.S. insured population, TriZetto is uniquely positioned to drive the convergence of health benefit administration, care management and constituent engagement. The company provides premier information technology solutions that enable payers and other constituents in the healthcare supply chain to improve the coordination of benefits and care for healthcare consumers. Healthcare payers include national and regional health insurance plans, and benefits administrators that provide transaction services to self-insured employer groups. The company�s 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.