CHARLESTON, S.C., Nov. 9, 2017 /PRNewswire/
-- Benefitfocus, Inc. (NASDAQ: BNFT), a leading
provider of cloud-based benefits management software, today
announced Herbalife, OneBeacon, Embassy Management and BCforward
have chosen BENEFITFOCUS® Marketplace. All with diverse populations
of over 1,000 employees, these companies transformed their approach
to benefits administration with online and mobile tools that
personalize benefits enrollment, put all of their employees'
benefits in one place and automate administration.
"With Benefitfocus, the process of shopping for benefits is just
like shopping for any other product online," said Travis McIntyre, Senior Director of Shared
Services at BCforward. "The enrollment experience and communication
tools make it easy to deliver highly personalized educational
content to our geographically dispersed employees and the
investment demonstrates we're committed to helping them make the
best healthcare decisions."
Plan design has become more complex, with the average
Benefitfocus customer now offering more than 15 different types of
benefits. Both BCforward and Embassy Management will work with the
BENEFITFOCUS® Benefitstore to design a tailored benefits offering
that fills coverage gaps with voluntary benefits spanning
financial, health and wellness. To help employees navigate
additional choice in benefits, the Benefitfocus Marketplace will
give employees personalized recommendations based on actual health
care claims data.
For benefits teams, the platform makes it easy to execute a
multimedia communication strategy to deliver personalized
information and engage employees in benefits year-round. It keeps
administrators on-track with real-time visibility into enrollment
status, and automates workflows and complex data transmissions
between the employer, payroll system and carrier. BENEFITFOCUS®
Account Services, a suite of solutions that streamlines enrollment
and account management for FSA, HRA and HSA as well as COBRA
administration, will also help employers like BCforward ease
administrative burden by offering a single platform for all their
benefits management needs.
"Benefits leaders have a great opportunity to reshape the entire
benefits experience and use it as a key differentiator to attract
and retain employees," said Shawn
Jenkins, CEO of Benefitfocus. "This diverse group of
companies all made the move to a cloud-based benefits management
platform. They recognized the imperative to give employees access
to better information to make better decisions. We're proud to be
the technology partner they've entrusted to build a more empowered
benefits team and ensure employees get the coverage they need."
For more information about the Benefitfocus Platform, visit:
https://www.benefitfocus.com/solutions.
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; our
ability to compete effectively; 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 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.