Benefitfocus (NASDAQ: BNFT) provides a leading cloud-based benefits management platform that simplifies how organizations and individuals shop for, enroll in, manage and exchange benefits. Every day leading employers, insurance companies and millions of consumers rely on our platform to manage, scale and exchange benefits data seamlessly. In an increasingly complex benefits landscape, we bring order to chaos so our clients and their employees have access to better information, make better decisions and lead better lives.
Founded in 2000, Benefitfocus provides the technology large employers and insurance carriers use to connect with their employees and consumers through personalized, meaningful benefit interactions. Publicly traded on the NASDAQ under the ticker symbol BNFT, the company employs more than 1,300 benefits, design and software professionals dedicated to creating the world’s leading cloud-based benefits management platform. Customers across all industries rely on Benefitfocus to engage employees and consumers, improve plan fit, reduce administrative strain and improve the overall health of their organizations.
Benefitfocus is one of the largest software platforms that is 100 percent focused on enterprise benefits management, and was recently named a top-10 human capital management provider—based on a 0M+ in revenue and .1B market cap.
Organizations spend billions of dollars each year on their benefits programs across health, life, critical illness, wellness and increasingly new services such as telemedicine. Yet today, this investment is managed through a combination of manual paper-based processes, standalone apps and rigid human capital management systems with stale, inflexible benefits modules.
The outcome? Confused employees and consumers, poor plan fit and low participation in voluntary benefits and wellness programs designed to reduce costs. This disengagement compounds, and costly employee churn, jaded consumers and burdensome administration hinder many organizations from transforming benefits into a strategic asset.
Benefitfocus brings order to chaos through a unified Enterprise Benefits Management Platform. Developed and configured to meet the needs of large organizations across all industries, the Benefitfocus Platform utilizes user-first design principles, advanced predictive modeling and forecasting to:
• Predict and manage healthcare costs through better plan design
• Improve plan selection and fit through better information
• Reduce plan administration costs through automated data exchanges
• Automate IRS reporting and avoid compliance penalties through ACA support
• Boost employee satisfaction and participation in benefits programs
- HR TECH
- ACA Reporting Software
- Benefits Administration Solution Companies
- HSA Administrators
Benefitfocus Terms and Executive Summary – Final.docx
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