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TriZetto is distinctly focused on accelerating healthcare payers' ability to lead the industry's transformation by providing information technology solutions that enhance revenue growth, drive administrative efficiency and improve the cost and quality of care for their members. We offer a broad portfolio of proprietary information technology products and services targeted to the payer industry, which is comprised of health insurance plans and third party benefits administrators. These include:
- Enterprise core administration software, including Facets®, Facts™ , QicLink ™ and QNXT, including add-on modules such as Workflow, HealthWeb®, HIPAA Privacy, CDH Account Management and FXI to provide enhanced functionality for advanced automation, web-based e-business, HIPAA regulations, consumer functionality and inoperability, respectively;
- Cost and quality of care solutions, including our NetworX™ suite of products for provider network management and CareAdvance™ suite of care management solutions for both traditional and advanced care management;
- Revenue enhancement software and administrative efficiency solutions for payers that service members in Medicare Advantage, Medicare Part D and Medicaid plans;
- Software hosting services and select business process outsourcing services, and
- Strategic, installation, and optimization consulting services.
In the U.S. healthcare system, payers effectively balance the demands of all the different constituents in the healthcare system including employers, providers, consumers and brokers. As a result, payers are the central aggregation point for data from across the systems and payers are information-intensive businesses. New government regulations, shifting market trends and competition constantly pressure these payers to change their product offerings, business policies and processes. To enable these changes, payers must continually upgrade their information technology systems. Many payers, especially the largest, have traditionally developed their own information systems in-house. But, increasingly in recent years, payers have utilized commercial systems to reduce information technology and business costs, and accelerate their time-to-market for new products and enhanced efficiency.
TriZetto's large footprint of payers and their members provides unique opportunities to develop and accelerate the adoption of new information technology solutions that will help payers respond and to capitalize on market changes. Including the company's recent acquisitions, TriZetto technology touches approximately 120 million lives, or nearly half the insured population of the U.S.
We provide products and services to 362 unique customers, including our recent acquisitions, in the health plan and benefits administrator markets. In 2006, these markets represented 90% and 10% of our total revenue, respectively.
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Nasdaq : TZIX
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2006 Revenue : $347.9 million
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2006 New Contract Bookings : $381.6 million
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2006 Net Income : $15.1 million
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2006 Adjusted EBITDA : $66.7 million
(For reconciliation to GAAP, see the company's earnings announcement dated February 5, 2007 in the press release section.)
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Cash and Equivalents (12/31/06) : $108.0 million
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Total Assets (12/31/06) : $369.3 million
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Shares Outstanding (12/31/06) : 46.3 million
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Fiscal Year : December 31
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Company Profile
