IMS Health Announces Partnership with The Regence Group for Erisco's Facets System

IMS Health, a leading provider of information solutions to the pharmaceutical and healthcare industries, has announced that its Erisco Managed Care Technologies unit has signed The Regence Group, a Blue Cross Blue Shield organization serving 3 million members, to its fast-growing customer roster for Facets, Erisco's industry-leading client/server system for payer managed care administration. The agreement is one of the largest ever signed by Erisco, a leading provider of technology-based business solutions for healthcare payer organizations that manage healthcare administration for more than 70 million members worldwide.

Key Takeaways:

• The Regence Group, a Blue Cross Blue Shield organization, has signed a deal with Erisco's Facets, an industry-leading client/server system for payer managed care administration, to handle its massive administrative load and provide greater efficiency and value to its customer base.
• The Regence Group selected Facets for its flexibility and track record with other large managed care organizations, planning to go live with the system next year and migrate all of its products to Facets over the next 36 months.
• Erisco President Tony Bellomo stated that the agreement is the latest example of Erisco's delivery of total systems solutions, citing Facets' ability to empower managed care organizations to achieve greater administrative efficiencies, manage growing membership rosters, and bring new products to market with confidence.
• The Regence Group serves 3 million people in four states with over $4 billion in combined annual revenue, and has networks of more than 22,000 professional providers and nearly 1,000 institutional providers.
• Erisco's solutions are used by more than 125 payer organizations serving over 70 million members worldwide, and the company has been a leading provider of IT solutions for healthcare payer organizations for over 20 years.
• IMS Health is the world's leading provider of information solutions to the pharmaceutical and healthcare industries, with $1.4 billion in 1999 revenue and operations in over 100 countries.

Statistics:

• 3 million: The number of members served by The Regence Group, a Blue Cross Blue Shield organization.
• 4 billion: The combined annual revenue of The Regence Group's four plans.
• 22,000: The number of professional providers in The Regence Group's network.
• 1,000: The number of institutional providers in The Regence Group's network.
• 70 million: The number of members served by Erisco's payer organizations worldwide.
• 125: The number of payer organizations using Erisco's solutions worldwide.
• 20 years: The number of years Erisco has been a leading provider of IT solutions for healthcare payer organizations.
• $1.4 billion: IMS Health's revenue in 1999.
• 100: The number of countries where IMS Health operates.

Sources:

• IMS Health (NYSE: RX)
• The Regence Group
• Erisco Managed Care Technologies
• Facets (Erisco's industry-leading client/server system for payer managed care administration)
• IMS Health press release, February 22, 2000.