SeeBeyond Introduces HIPAA Solution Set for Healthcare Payers; New Process-Driven Solution Set Enables HIPAA Compliance For Healthcare Payers Within 12 Weeks

Business Wire, Oct 7, 2002

Business Editors/High-Tech Writers

REDWOOD SHORES, Calif.--(BUSINESS WIRE)--Oct. 7, 2002

SeeBeyond (Nasdaq:SBYN), the leading global provider of eBusiness and Application Integration (eAI) solutions, today announced that it has further affirmed its leadership position within the healthcare integration market by unveiling the SeeBeyond HIPAA Solution Set for Payers, a pre-packaged, process driven integration solution designed to enable HIPAA (Health Insurance Portability and Accountability Act) transaction compliance. The HIPAA Solution Set for Payers provides payer organizations a HIPAA compliant foundation architecture and production HIPAA transactions within 12 weeks, enabling automation and management of key business processes.

The HIPAA Solution Set for Payers comes at an optimal time, as healthcare payers are required to adhere to national standards for the electronic exchange of healthcare data by October 2003. As a recognized leader in providing integration solutions to healthcare organizations for more than a decade, SeeBeyond continues to offer in-depth, targeted solutions with even shorter time to value propositions for its growing customer base by delivering the critical enablers and components for successful HIPAA implementations. The SeeBeyond HIPAA Solution Set for Payers specifically enables payers to:

-- Reduce the number of manual claims investigations and eligibility responses,

-- Increase information accuracy and timeliness while reducing errors,

-- Decrease the operational costs associated with claims processing, and

-- Eliminate the risk associated with lengthy implementations.

The SeeBeyond HIPAA Solution Set consists of pre-built, pre-configured software, a HIPAA Implementation Guide that provides a tailored tool-kit, a best practices HIPAA foundation architecture, and pre-packaged HIPAA transactions.

"Healthcare organizations are facing significant integration challenges in a competitively charged environment with looming HIPAA deadlines," said Reed Henry, senior vice president, Services, Support and Alliances for SeeBeyond. "While other companies have come to market with `starter kits' to try to meet integration needs, the SeeBeyond HIPAA Solution Set for Payers is a process-driven integration solution designed to meet HIPAA-mandated deadlines and enable customers to rapidly implement best practice business process architecture for the HIPAA transaction set at reduced cost, complexity and time to deployment. Ultimately, our valued healthcare customers will benefit from the creation of a solid architectural foundation for an enterprise integration infrastructure that can easily scale for the future."

The SeeBeyond HIPAA Solution Set for Payers is available today.

About SeeBeyond

As the leading global provider of eBusiness and Application Integration (eAI) solutions, SeeBeyond (Nasdaq:SBYN) provides a unified, comprehensive platform for business integration, enabling a Real-Time Information Network to facilitate the seamless flow of information. Delivering Visibility, Velocity and Value across global operations, the SeeBeyond(TM) Business Integration Suite helps organizations dramatically improve business operations resulting in reduced costs, increased market share and improved customer service. SeeBeyond has more than 1,700 customers worldwide, including ABB, ABN Amro, Bausch & Lomb, BHP Billiton, BMW Group, The Dial Corporation, DuPont, Florida Power & Light, Fluor Daniel, General Motors, Hewlett-Packard, Pfizer and Sprint. For more information, please visit www.seebeyond.com.

Note to Editors: SeeBeyond is a trademark of SeeBeyond Technology Corporation. All other brands or product names are trademarks of their respective owners.

Certain statements in this press release, including those related to SeeBeyond releasing a new solution sets for health care customers and the business value related to this solution set constitute forward-looking statements as that term is defined in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Exchange Act of 1934, as amended. Actual results in future periods are subject to risks and uncertainties which could cause actual results to differ materially from those projected. Such risks include the demand, acceptance and performance of the new solution set, the level of demand for our current products and services from new customers as well as existing customers, the timing and amount of information technology-related spending, the general state of the economy, unpredictable and lengthy sales cycles, dependence on revenues from a single software suite, dependence on the success of the Company's relationships with system integrators and other partners, and the impact of competition in the market for eBusiness and Applications Integration software. The forward-looking statements contained in this press release are also subject to other risks and uncertainties, including those more fully described in the Company's filings with the Securities and Exchange Commission including its Annual Report filed on Form 10-K for the year ended December 31, 2001, and its quarterly reports on Form 10-Q. The Company does not undertake to update any forward-looking statements.