
About The Regence Group
The Regence Group, headquartered in Portland, Oregon, is a close affiliation of Regence BlueShield of Idaho, Regence BlueCross BlueShield of Oregon, Regence BlueCross BlueShield of Utah, and Regence BlueShield, serving much of Washington State. It provides hospital, medical and dental coverage to group and individual members through traditional health plans, preferred provider organizations, point of service products, and health maintenance organizations. Dental, vision, life and disability coverage, as well as third-party administration services, are available through individual plans or affiliated companies. Services for Medicare beneficiaries are also provided. Through a unique business model, the affiliates of The Regence Group enjoy economies of scale without sacrificing their local presence, local focus, and local leadership. As a not-for-profit entity without shareholders, the company can operate in ways that benefit customers and communities first, without pressures from financial markets or shareholders anxious to make a profit on their investments. The company is currently in the midst of building a single suite of systems to act as a common platform for processing and accessing membership, claims, and related system information, such as finance, medical management and pharmacy, across all four of its affiliates. Once implemented, the systems will enhance productivity and customer service, reduce administrative costs, and support shared resources, consistent business practices, and a common "look and feel" throughout the organization. The Regence Group employs 6,500 workers and provides coverage for 2.9 million members. In 2001, its assets were valued at $2.5 billion and income from net earned premiums totaled $5.7 billion. The company traces its roots back to 1917, when a group of physicians in Pierce County, Washington, formed the nation’s first pre-paid health plan and sold coverage to local lumber companies. By 1946, each of the states had health plans that grew independently until becoming The Regence Group in 1995.
About Livelink
Livelink is the leader in collaboration and knowledge management for the global enterprise. Its richly-featured enterprise services include virtual team collaboration, business process automation, enterprise group scheduling and information retrieval services, all tightly integrated into a solution that is easily customized and extended. Livelink is essential to the effective management and development of communities of interest that span organizations and industries. For everything from the creation of complex e-community relationships to the automation of simple e-business processes, Livelink delivers true dynamic collaboration between individuals, organizations and large trading communities. Livelink servers are fully Web-based and open-architected to ensure rapid deployment and easy access to its full functionality through a standard Web browser. For more information, visit www.opentext.com/livelink/.
About Open Text
Since 1991, Open Text Corporation has delivered innovative software that brings people together to share knowledge, achieve excellence, deliver innovation, and enhance processes. Its legacy of innovation began with the successful deployment of the world's first search engine technology for the Internet. Today, as the leading global supplier of collaboration and knowledge management software for the enterprise, Open Text supports five million users across 4,500 corporations in 31 countries and 12 languages throughout the world. As a publicly traded company, Open Text manages and maximizes its resources and relationships to ensure the success of great minds working together. For more information, visit http://www.opentext.com/.
Trademark
Copyright © 2002 by Open Text Corporation. LIVELINK and OPEN TEXT are trademarks or registered trademarks of Open Text Corporation in the United States of America, Canada, the European Union and/or other countries. This list of trademarks is not exhaustive. Other trademarks, registered trademarks, product names, company names, brands and service names mentioned herein are property of Open Text Corporation or other respective owners.
Release Disclaimer
This news release may contain forward-looking statements relating to the deployment of Livelink by customers, and future performance of Open Text Corporation. Forward-looking statements are subject to certain risks and uncertainties, and actual results may differ materially. These risks and uncertainties include, among others, risks involved in the completion and integration of acquisitions, the possibility of technical, logistical or planning issues in connection with deployments, the continuous commitment of the Company's customers and other risks detailed from time to time in the Company's filings with the Securities and Exchange Commission (SEC), including the final prospectus for the Company's initial public offering of common stock in January 1996, Form 10-K for the years ended June 30, 1998, June 30, 1999, June 30, 2000, and June 30, 2001, and Form 10-Q for the quarters ended September 30, 2001 and December 31, 2001. Forward-looking statements are based on management's beliefs and opinions at the time the statements are made, and the Company does not undertake any obligations to update forward-looking statements should circumstances or management's beliefs or opinions change.
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