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TriZetto to Speak on Consumer Retail Healthcare and Technology at World Research Group's Cost & Quality Conference

Posted on: Monday, 22 January 2007, 09:00 CST

Dawn Burriss, vice president of Provider Solutions for The TriZetto Group Inc. (Nasdaq: TZIX), will speak at the World Research Group's first-of-its-kind conference, "Achieving Transparency in Cost & Quality." Burriss will be conducting a session titled, "Real-Time, Point-of-Service Financial Settlement -- The Key to Solving the Healthcare Affordability Crisis and to a Successful Consumer Retail Program." The presentation will review technology strategies that can provide value to payers, providers, and consumers, given significant changes going on in the way Americans think about, pay for, and manage their healthcare.

TriZetto is also demonstrating at the conference its patent-pending Provider POS Direct™ software, which enables health plans to provide exact real-time eligibility, benefit and financial responsibility information to providers who care for their members. The software also provides the option of real-time claims adjudication and financial settlement among the patient, provider and health plan before the patient leaves the provider's office.

Providers are already demanding tools from health plans to enable real-time patient and financial transactions to help them with accounts receivable issues. As patients shoulder more of the actual cost of their healthcare services, providers face an alarming rate of bad debt. If a provider fails to collect full payment prior to the patient's check-out, the chance of ever recovering full payment drops substantially. Health plans that provide the technology for real-time and up-to-date information at all points-of-service can retain and contract the best providers in their networks, while also retaining and improving support to members as they navigate the complex healthcare system.

"With TriZetto's Provider POS Direct, health plans can transform the way they do business in order to satisfy the needs of providers, consumers and other constituents given the emerging consumer retail healthcare model," said Burriss. "Our goal is to assist health plans with improving the cost and quality of care by delivering affordable solutions that engage consumers and providers to solve business issues. At the same time, TriZetto solutions can help deliver effective supply chain integration capabilities to address all the health plan's constituents, including employers and brokers."

Settling the patient's financial responsibility in real time provides cost transparency and increased satisfaction to members, and improved cash flow for providers, while significantly reducing administrative costs for providers and health plans alike.

Recently, TriZetto's Provider POS Direct software was recognized as "Best in Show" across all 34 award categories and "Best Consumer-Friendly Technology for Improvement of Transaction Processing" by Consumer Health World. The software was chosen over entries from multiple product and service companies, non-profit organizations, foundations, government agencies, hospitals, and academic entities.

World Research Group's conference, "Achieving Transparency in Cost & Quality," January 22 -- 24 in Las Vegas, provides attendees with best-in-class case studies from leading health plans on partnering with providers to deliver useful, understandable, and transparent information on cost and quality.

About TriZetto

With its technology touching nearly half of the U.S. insured population, TriZetto is distinctly focused on accelerating the ability of healthcare payers to lead the industry's transformation to consumer-retail healthcare. The company provides premier information technology solutions that enhance its customers' revenue growth, increase their administrative efficiency and improve the cost and quality of care for their members. Healthcare payers include national and regional health insurance plans, and benefits administrators that provide transaction services to self-insured employer groups. The company's broad array of 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.

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, anticipated dilution or accretion of the QCSI acquisition, and other acquisitions or proposed transactions. Actual results may differ materially from those stated in any forward-looking statements based on a number of factors, including the ability of TriZetto to successfully integrate the businesses of TriZetto and its acquisitions or partners; the contributions of acquisitions to TriZetto's operating results; 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, other 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 TriZetto's 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 January 22, 2007. 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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