CHARLESTON, S.C., Sept. 9, 2020 /PRNewswire/ -- Benefitfocus,
Inc. (NASDAQ: BNFT), a leading technology platform provider
enabling rapid innovation for employers, health plans and
consumers, today announced that the University of Texas System (UT System), comprising
eight universities and six health institutions, completed full
implementation across all institutions with the Benefitfocus
Benefitplace™ solution.
![Benefitfocus logo (PRNewsFoto/Benefitfocus, Inc.) (PRNewsfoto/Benefitfocus, Inc.) Benefitfocus logo (PRNewsFoto/Benefitfocus, Inc.) (PRNewsfoto/Benefitfocus, Inc.)](https://mma.prnewswire.com/media/339766/Benefitfocus_Logo.jpg)
Benefitplace provides the UT System an innovative, end-to-end
platform to replace its highly customized legacy mainframe system.
The platform modernizes the UT System's benefits administration and
member engagement with innovative, user-friendly and
easy-to-integrate solutions. It can reduce costs for the UT System
by helping to streamline and automate data exchange. Benefitfocus'
experienced business and technical subject matter experts can
provide platform and technology support for the UT System, allowing
its Office of Employee Benefits more time to focus on important
benefit programs for its institutions and employees.
"This implementation represents 125,000 UT System employees and
retirees who are now experiencing our state-of-the-art enrollment
system. We are proud to be their innovative technology and business
partner, that improves lives with benefits," said Steve Swad,
President and CEO of Benefitfocus. "We believe this project
also represents a new standard for public sector benefits
administration and is another example of our ability to
successfully deliver our technology solution in the middle of an
unprecedented pandemic."
The University of Texas System
includes 14 institutions, an enrollment of nearly 240,000 students
and produces 60,000 graduates annually. It is one of the largest
public university systems in the United
States, with more than 21,000 faculty – including Nobel
laureates and members of the National Academies – and more than
85,000 health care professionals, researchers and support
staff.
Connect with Benefitfocus
To learn more about the
Benefitfocus platform, click here.
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About Benefitfocus
Benefitfocus (NASDAQ: BNFT) unifies the entire U.S. benefits
industry on a single technology platform to protect consumers for
life. Our powerful cloud-based software, data-driven insights and
thoughtfully-designed services enable employers, insurance brokers,
health plans and suppliers to simplify the complexity of
benefits administration and deliver health, wealth, property and
lifestyle products through a world-class benefits experience. 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 or performance might
differ materially from those explicit or implicit in the
forward-looking statements. Important factors that could cause
actual results to differ materially
include: our ability to compete
effectively; the need to innovate and provide useful products and
services; risks related to changing healthcare and other applicable
regulations; the immature and volatile nature of the market for our
products and services; our ability to maintain our culture
and recruit and retain qualified
personnel; privacy; security and other
risks associated with our business; management of growth; 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-filings 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.