CHARLESTON, S.C., May 11, 2017 /PRNewswire/ -- Benefitfocus,
Inc. (NASDAQ: BNFT), a leading provider of cloud-based benefits
management software, was named the winner of a Gold Stevie® Award
in the 15th Annual American Business Awards, which saw more than
3,600 nominations from organizations of all sizes and in virtually
every industry. Its BENEFITFOCUS® Marketplace, consisting of an
integrated portfolio of products and services that has enabled
countless employees and employers to efficiently shop for, enroll
in, manage and exchange benefits information, was recognized as the
best new human capital management solution.
"Today's progressive employers use benefits as part of their
employment brand strategy to attract and retain top talent and to
seek innovative ways to engage current employees in their benefits,
not only during open enrollment, but year round," said Benefitfocus
Co-founder and CEO Shawn Jenkins.
"As employees take on more responsibility for choosing and paying
for their health care plans, they're looking to their employer for
resources to guide them in the process. We're thrilled to be
recognized by the American Business Awards for meeting this
critical need."
As the leading software as a service platform for enterprise
benefits management, the Benefitfocus Marketplace helps
employers keep pace in today's complex regulatory environment.
Developed on a single code base, employers and their employee's
benefit from quarterly software releases. Unique features for the
employee include:
- Full mobile enrollment – through the Benefitfocus App,
employees have full mobile access to complete open enrollment and
monitor benefits throughout the year.
- Employee focused user experience – unlike traditional
workflow driven benefits modules, the user friendly experience
provides employees with relevant, point-in-time information to help
them make the best decision based on their health and financial
needs.
- Recommendation engine, comparison and decision support
tools – provide real-time cost estimates to help employees make
the right decision, by calculating total out of pocket cost
for each plan based on actual historical claims data.
For employers/benefits managers, the platform offers:
- Compliance automation – automation of complex ACA
compliance reports, benefits administration and management
tasks.
- Data and analytics – insight into key drivers of
employee benefits and health care costs to design smarter health
care plans with Core Analytics, powered by the Hadoop data
cloud.
- Multi-level search and filtering – shares administrative
insights to show employers how much employees' chronic conditions
will cost the company and informs decision making on alternatives
for managing chronic conditions.
- Event driven messaging – integrated messaging
capabilities enable benefits leaders to proactively communicate
with key employee segments through highly personalized
communications via SMS or email.
To learn more about the Benefitfocus Marketplace, visit
www.benefitfocus.com/employer-solutions/benefitfocus-marketplace.
About Benefitfocus
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 the consumers they serve 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.
Learn more at www.benefitfocus.com, LinkedIn and Twitter.
Except for historical information, all of the statements,
expectations, and assumptions contained in this press release are
forward-looking statements. Actual results might differ materially
from those explicit or implicit in the forward-looking statements.
Important factors that could cause actual results to differ
materially include: the need to innovate and provide useful
products and services; changes in government regulations; the
immature and volatile nature of the market for our products and
services and other factors that could impact our anticipated
growth; management of growth; fluctuations in our financial
results; general economic risks; reliance on key personnel; our
ability to compete effectively; our ability to maintain our culture
and recruit and retain qualified personnel; privacy, security and
other risks associated with our business; and the other risk
factors set forth from time to time in our SEC filings, copies of
which are available free of charge within the Investor Relations
section of the Benefitfocus website at
http://investor.benefitfocus.com/sec.cfm or upon request
from our investor relations department. Benefitfocus assumes no
obligation and does not intend to update these forward-looking
statements, except as required by law.
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SOURCE Benefitfocus, Inc.