The board of directors at payer/provider software vendor TriZetto Corp. announced on May 3 that Chair and CEO Trace Devanny was leaving immediately to pursue other options.
Vicky Gregg, a member of the board, will serve as non-executive chair while a search is underway for a permanent CEO. Jude Dieterman, who has served as executive vice president and COO, has been appointed to the new position of President.
Company spokespersons would not comment on whether Devanny, an industry veteran who served at TriZetto for two-and-one-half years and previously was president of Cerner Corp. for 16 years, left on his own accord or was terminated. In a company statement, Dieterman said, “Today’s announcement represents an opportunity to renew TriZetto’s focus on our clients and our core business, as we continue to invest in our employees and quality initiatives.”
TriZetto is best known for its suite of payer software products, but also offers claims clearinghouse services and revenue cycle management software to providers. The Colorado-based firm a month ago opened a new corporate headquarters in Douglas County, 12 miles south of Denver, to consolidate employees in one location. At a ribbon-cutting ceremony, Devanny told Our Colorado News, a local newspaper, that TriZetto expected to lease more space to house 200 new employees this year. “We’re growing fast and should be close to 1,100 strong by the end of the new,” he told the newspaper. “The fact that we’ve outgrown the facility already is a good problem to have.”
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