Raising Health Lessons from Healthcare Infrastructure Pioneers with Jeff Margolis
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Dec 30, 2024 Jeff Margolis, founder of TriZetto and a pioneer in healthcare technology, shares his journey of revolutionizing healthcare infrastructure. He discusses the evolution of managed care and the challenges of software fragmentation. Jeff highlights TriZetto’s innovative approaches to value-based care and the significance of data aggregation. The conversation also covers electronic transaction standards and the impact of AI on healthcare data, along with the importance of strategic growth in the ever-changing healthcare landscape.
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TriZetto's Success Story
- TriZetto grew from a startup to a key player in healthcare transactions, culminating in a $2.7 billion acquisition by Cognizant.
- It continues to operate within Cognizant today.
TriZetto's Three-Part Model
- Jeff Margolis's TriZetto was built on a three-part model inspired by musical composition: computing power, software, and data analytics.
- This combined offering, priced based on membership size, simplified healthcare operations.
Early Managed Care Landscape
- Managed care was in its early stages, focusing on IPA models and fee-for-service systems for hospitals.
- TriZetto targeted payers at the top of the economic chain, consolidating fragmented software pieces.