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TriZetto Teams With ACS to Provide Health Savings Accounts to Its Health Plan and Benefits Administrator Customers

Posted on: Tuesday, 15 November 2005, 09:00 CST

The TriZetto Group, Inc. (NASDAQ: TZIX) and Affiliated Computer Services, Inc. (NYSE: ACS) today announced an alliance to provide integrated health savings account (HSA) processing. Through its relationship with Mellon Financial Corporation, ACS is a leading provider in HSAs, offering a complete range of services for health plans and employers and interest-bearing, FDIC-insured accounts for individuals.

TriZetto will offer its health plan and benefits administrator customers the ACS Mellon HSA Solution as part of its comprehensive consumer-directed healthcare (CDH) solution, which it announced in April. TriZetto's CDH solution provides integrated software and services that healthcare payers can use to manage all aspects of CDH - benefits, funds, and member health - all accessible via the Web.

"As payers transform themselves to compete in healthcare's evolving consumer retail market, they will need increasing levels of sophisticated technology that can simplify and accelerate the administration of consumer-directed healthcare," said Kathleen Earley, president and COO for TriZetto. "Bringing together TriZetto's leading administrative software and IT services with the top financial and human resources expertise of Mellon and ACS is a powerful combination. This relationship is an important step in providing end-to-end fund management capabilities to our customers."

TriZetto's goal is to enable full connectivity among payers, providers and financial institutions. By creating a live systems link among these entities, TriZetto's CDH solutions will support real-time healthcare transactions at the point of service, including payment of any balance due from the patient, fund tracking, and claims adjudication. Member debit cards and payment capabilities are provided through TriZetto's alliance with MBI Benefits Inc., a Metavante company and the leader in electronic benefit payment systems with the most widely used benefits debit cards. TriZetto customers will be able to provide a seamless CDH product using MBI's interface with ACS Mellon and other banking partners. With point-of-service financial settlement, providers and health plans alike have the opportunity to significantly reduce administrative costs.

"HSAs represent an important new approach for addressing spiraling health care costs," said Gregg Larson, Principal and ACS' National HSA Product Leader. "We are proud to join with TriZetto to deliver our full-service solution to its customers."

The new alliance between ACS and TriZetto will combine the financial and human resources strength of Mellon and ACS with TriZetto's expertise in healthcare technology to create a single program that results in a seamless experience for employees and employers. The integrated HSA product includes financial services such as checking to pay for qualified medical expenses out of the HSA, an investment account and IRS-required tax reporting, along with health plan services such as claims administration, customer service, online health tools, employee education and enrollment.

The ACS Mellon HSA Solution will also be offered as part of TriZetto's outsourced fund management services for payers. Payers can use TriZetto's outsourced solution to easily service complex CDH accounts, including flexible spending accounts, health reimbursement arrangements, and HSAs. TriZetto's fund management services work separately from the payer's existing claims-processing system, so customers can enter the CDH market quickly and without a major information-technology system overhaul.

About the ACS Mellon HSA Solution and ACS

ACS offers integrated health care funding solutions for health plans, employers and employees in partnership with Mellon Financial Corporation. ACS markets and distributes the Mellon HSA Solution and is responsible for customer service and client relationship management. Mellon is responsible for custodian services, recordkeeping, reporting, technology, and asset management.

Mellon Financial Corporation, a global financial services company, is headquartered in Pittsburgh and is one of the world's leading providers of financial services for institutions, corporations and high net worth individuals, providing institutional asset management, mutual funds, private wealth management, asset servicing, payment solutions and investor services, and treasury services. Mellon has approximately $4.5 trillion in assets under management, administration or custody, including $766 billion under management. Its asset management companies include The Dreyfus Corporation and U.K.-based Newton Investment Management Limited. News and other information about Mellon is available at www.mellon.com.

Affiliated Computer Services, Inc. (ACS) is a FORTUNE 500 company with more than 50,000 people supporting client operations in nearly 100 countries. ACS provides business process and information technology outsourcing solutions to world-class commercial and government clients. The Company's Class A common stock trades on the New York Stock Exchange under the symbol "ACS". ACS makes technology work. Visit ACS on the Internet at http://www.acs-inc.com.

About TriZetto

TriZetto serves the payer market, comprised of national and regional health insurance plans as well as benefits administrators, which provide transaction services to self-insured employer groups. The company offers a broad portfolio of information technology products - software, outsourcing services, and consulting services - tailored to the needs of healthcare payers. Headquartered in Newport Beach, Calif., TriZetto can be reached at (949) 719-2200 or www.trizetto.com.

Important Notice Regarding Forward-Looking Statements

This press release contains forward-looking statements that involve risks and uncertainties. The forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements may include statements about future revenue, profits, cash flows and financial results, the market for TriZetto's services, future service offerings, industry trends, client and partner relationships, TriZetto's operational capabilities, future financial structure, uses of cash or proposed transactions. 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 new and existing products and services, the timing of new bookings, 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 and product offerings, financial stability of our customers, the ability of TriZetto to meet its contractual obligations to customers, including service level and disaster recovery commitments, changes in government laws and regulations and risks associated with rapidly changing technology, as well as the other risks identified in TriZetto's SEC filings, including, but not limited to, its annual report on Form 10-K and quarterly reports on Form 10-Q, copies of which may be obtained by contacting TriZetto's Investor Relations department at 949-719-2225 or at TriZetto's web site at www.trizetto.com. All information in this release is as of November 15, 2005. TriZetto undertakes no duty to update any forward-looking statement to conform the statement to actual results or changes in the company's expectations.

Source: Business Wire

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