TriZetto Announces Software and Service Agreement with Puerto Rico's Largest Managed Care Health Plan
March 31 2008 - 7:30AM
Business Wire
The TriZetto Group Inc. (NASDAQ: TZIX) announced today that
Triple-S Management Corporation (NYSE: GTS) signed a software
licensing and professional services agreement in December for
TriZetto�s QNXTTM core administrative enterprise system and
associated implementation, training and other professional
services. Based in San Juan, Triple-S is Puerto Rico�s largest
managed care health plan, serving approximately 1 million members.
The three-year, $35 million system replacement and modernization
project will give Triple-S the flexibility and scale in its
technology to expand into additional plan designs and markets and
more efficiently serve its members, providers and employer
customers. As an independent licensee of the Blue Cross Blue Shield
Association, Triple-S is among more than 60 percent of Blues plans
nationwide using TriZetto software. �We selected TriZetto as our IT
solutions partner because its systems utilize the most flexible and
advanced technologies in the marketplace,� said Socorro Rivas,
president of Triple-S. �With more than 45 years of experience in
providing healthcare to the people of Puerto Rico, we have always
looked for the most innovative ways to develop the highest-quality
healthcare coverage at the most reasonable cost, and TriZetto has
proven to be the best solution.� �Throughout the competitive
bidding process, we emphasized not just the superior flexibility
and Web services architecture of our applications,� said Tim
Hascall, executive vice president of professional services at
TriZetto. �We emphasized, and Triple-S appreciated, our commitment
to follow through with system implementation, staff training and
business process improvements to deliver an on-time, on-strategy
solution integrated with their operational model.� TriZetto�s QNXT
system supports greater efficiency in payers� claims processing,
claims re-pricing, premium billing, membership administration,
customer service and other core administrative operations. The
company�s professional services team performs strategic planning,
business process reengineering and implementation services to help
improve payer organizations using TriZetto and third-party
applications. About Triple-S Management Corporation Triple-S
Management Corporation is an independent licensee of the Blue Cross
Blue Shield Association. It is the largest managed care company in
Puerto Rico, serving approximately 1 million members across all
regions. Triple-S offers a broad portfolio of managed care and
related products in the commercial, Medicare and Reform (similar to
Medicaid) markets. In addition to its managed care business,
Triple-S provides life and property and casualty insurance in
Puerto Rico. 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.
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