Benefitfocus

Benefitfocus, Inc. provides cloud-based benefits management technology solutions for employers and health plans. The Benefitfocus Platform has a multi-tenant architecture and a user-friendly interface designed for employees to access their benefits in one place. The company’s solutions support medical benefit plans and non-medical benefits, such as dental, life, disability insurance, income protection, digital health, and financial wellness. Its target market consists of the Employers and Health Plans market segments. The Employers market segment includes the sale of technology solutions on an annually recurring or multi-year subscription basis. Employers use these solutions to streamline benefits processes and control costs, keep up with regulatory requirements, and offer a variety of benefit options to attract, retain, and motivate employees. The Health Plans market segment is involved in the sale of solutions on a subscription basis to health plans, enabling the expansion of the company’s overall footprint in the benefits marketplace by aggregating key constituents, including consumers, employers, and brokers. Health Plans, also known as health insurers, health insurance carriers, or medical insurance carriers, use these solutions to market offerings to benefits-eligible employees, simplify billing, and improve the enrollment process. Brokers use the platform to manage employer portfolios. The company was founded by Mason R. Holland and Shawn A. Jenkins in June 2000 and is headquartered in Charleston, SC.

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Benefitfocus is a provider of a cloud-based benefits management platform for health care and benefits administration. More than 20 million consumers manage all types of benefits in the Benefitfocus cloud. By delivering technology that integrates all benefits in one place, Benefitfocus provides a better way to engage consumers, educate employees and simplify benefit enrollment and management. The company was founded in 2000 and is based in Charleston, South Carolina.

CHARLESTON, S.C., Oct. 20, 2022 (GLOBE NEWSWIRE) -- Benefitfocus, Inc.  (NASDAQ: BNFT), a cloud-based benefits administration technology company committed to helping organizations and the people they serve get the most out of their health care and benefit programs, has taken several steps to support a seamless open enrollment experience this fall. These include new features, resources and enhancements to its Benefitplace™ platform that are designed to enhance the user experience and further reduce administrative complexity for benefits managers.

Benefitfocus Poised to Deliver Enhanced Open Enrollment Experience to Benefits Leaders

CHARLESTON, S.C., Sept. 29, 2022 (GLOBE NEWSWIRE) -- For many U.S. employers, open enrollment (OE) season is right around the corner. According to experts from Benefitfocus, (NASDAQ: BNFT), a cloud-based benefits administration technology company committed to helping customers and the people they serve get the most out of their health care and benefit programs, preparation is key to ensuring a successful enrollment.

Benefitfocus Offers Benefits Managers Helpful Tips for a Successful Open Enrollment Season

LOS ANGELES--(BUSINESS WIRE)---- $BNFT #BNFT--The Schall Law Firm Encourages Investors in Benefitfocus, Inc. with Losses of $100,000 to Contact the Firm

INVESTIGATION REMINDER: The Schall Law Firm Encourages Investors in Benefitfocus, Inc. with Losses of $100,000 to Contact the Firm

Wilmington, Delaware--(Newsfile Corp. - September 21, 2022) - Rigrodsky Law, P.A. is investigating potential claims against the officers and directors of Benefitfocus, Inc. (NASDAQ: BNFT) on behalf of stockholders.To learn more about this investigation and your rights, visit: https://www.rl-legal.com/cases-benefitfocus-inc.To contact Seth D. Rigrodsky or Gina M. Serra cost free, call or text (302) 295-5310 or email info@rl-legal.com.Rigrodsky Law, P.A.

SHAREHOLDER ALERT: Rigrodsky Law, P.A. Is Investigating Benefitfocus, Inc.

INVESTIGATION ALERT: The Schall Law Firm Encourages Investors in Benefitfocus, Inc. with Losses of $100,000 to Contact the Firm

CHARLESTON, S.C., Aug. 30, 2022 (GLOBE NEWSWIRE) -- Benefitfocus, Inc. (NASDAQ: BNFT), a cloud-based benefits administration technology company committed to helping customers and the people they serve get the most out of their health care and benefit programs, today announced Advanced Engagement Services, a personalized and action-oriented communications solution that helps employers and health plans create a more connected and engaging benefits experience.

Benefitfocus Enhances Engagement Capabilities to Help Drive Better Outcomes and Reduce Administrative Burden

Extends Debt Maturity Profile through Repurchase Extends Debt Maturity Profile through Repurchase

Benefitfocus Agrees to Repurchase Certain of Its Outstanding Convertible Senior Notes

Extends Maturity Profile and Reinforces Liquidity Position Extends Maturity Profile and Reinforces Liquidity Position

Benefitfocus Announces Successful Completion of $140 Million New Senior Secured Credit Facility

CHARLESTON, S.C., Aug. 09, 2022 (GLOBE NEWSWIRE) -- Benefitfocus Inc. (NASDAQ: BNFT) (“Benefitfocus” or the “Company”), a cloud-based benefits administration technology company committed to helping customers and the people they serve get the most out of their health care and benefit programs, today announced that, in connection with the appointment of Ed Rumzis as executive vice president and chief technology officer, and in accordance with the terms of his employment agreement with the Company, the Compensation and Talent Committee of Benefitfocus' Board of Directors approved an initial equity grant to Mr. Rumzis of 187,664 restricted stock units (“RSUs”) with a value of $1,500,000 (the “Initial Grant”).

Benefitfocus Announces Inducement Grant Under NASDAQ Listing Rule 5635(c)(4)

Benefitfocus, Inc. (NASDAQ:BNFT ) Q2 2022 Earnings Conference Call August 3, 2022 5:00 PM ET Company Participants Doug Kuckelman - Head, IR Matt Levin - President and CEO Alpana Wegner - CFO Conference Call Participants Anne Samuel - JPMorgan Jessica Tassan - Piper Sandler Operator Good afternoon ladies and gentlemen and welcome to the Benefitfocus Second Quarter of 2022 Earnings Call. During the presentation, all participants will be in a listen-only mode.

Benefitfocus, Inc. (BNFT) CEO Matt Levin on Q2 2022 Results Earnings Call Transcript

Benefitfocus (BNFT) delivered earnings and revenue surprises of 37.50% and 0.38%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?

Benefitfocus (BNFT) Reports Q2 Loss, Tops Revenue Estimates

Delivered on Second Quarter Financial Commitments

Benefitfocus Announces Second Quarter 2022 Financial Results

CHARLESTON, S.C., Aug. 01, 2022 (GLOBE NEWSWIRE) -- Benefitfocus, Inc.  (NASDAQ: BNFT), a cloud-based benefits administration technology company committed to helping customers and the people they serve get the most out of their health care and benefit programs, today announced Ed Rumzis will be named as its new Chief Technology Officer effective August 8, 2022. In this role, Rumzis will oversee Benefitfocus' global engineering, platform and cybersecurity teams and lead the growth, evolution and innovation of the Benefitfocus technology portfolio.

Benefitfocus Names Ed Rumzis as Chief Technology Officer

CHARLESTON, S.C., July 28, 2022 (GLOBE NEWSWIRE) -- Benefitfocus, Inc.  (NASDAQ: BNFT), a cloud-based benefits administration technology company committed to helping customers and the people they serve get the most out of their health care and benefit programs, today announced it is offering Claims Audit & Recovery Services as an extension of its Benefitplace™ Health Insights data analytics platform.

Benefitfocus Enhances Health Insights Platform to Include Claims Audit and Recovery Services

CHARLESTON, S.C., July 20, 2022 (GLOBE NEWSWIRE) -- Benefitfocus, Inc. (NASDAQ: BNFT), an industry-leading cloud-based benefits administration technology company that simplifies benefits administration for employers, health plans and brokers, today announced it will report its second quarter 2022 results after U.S. financial markets close on Wednesday, August 3, 2022.

Benefitfocus Announces Date of Second Quarter 2022 Financial Results

CHARLESTON, S.C., July 06, 2022 (GLOBE NEWSWIRE) -- Benefitfocus, Inc.  (NASDAQ: BNFT), a cloud-based benefits administration technology company committed to helping customers and the people they serve get the most out of their health care and benefit programs, today announced the release of its annual Environmental, Social and Governance (ESG) Report. The report highlights Benefitfocus' progress on its ESG commitments across several areas, including governance and ethics; client service; associate engagement; diversity, inclusion and belonging; community engagement; and sustainability.

Benefitfocus Releases Latest ESG Report, Highlighting Commitment to Corporate Social Responsibility

CHARLESTON, S.C., May 17, 2022 (GLOBE NEWSWIRE) -- Benefitfocus Inc. (NASDAQ: BNFT) (“Benefitfocus” or “the Company”), an industry-leading cloud-based benefits administration technology company that simplifies benefits administration for employers, health plans and brokers, today announced its participation in the J.P. Morgan 50th Annual Global Technology, Media and Communications Conference taking place May 23 through May 25, 2022.

Benefitfocus to Participate at J.P. Morgan 50th Annual Global Technology, Media and Communications Conference

Company to host Investor Day in New York City today Will provide further details on strategy to drive growth by year end 2022 Will present ongoing product and technology improvements, service investments and go-to-market strategy

Benefitfocus Hosts Investor Day and Provides an Update on Progress Against its Transformational Strategy

Benefitfocus, Inc. (NASDAQ:BNFT ) Q1 2022 Earnings Conference Call May 3, 2022 5:00 PM ET Company Participants Doug Kuckelman - Head, Investor Relations Matt Levin - President and Chief Executive Officer Alpana Wegner - Chief Financial Officer Conference Call Participants Jessica Tassan - Piper Sandler Operator Greetings and welcome to the Benefitfocus First Quarter of 2022 Earnings Call. [Operator Instructions] As a reminder, this conference is being recorded.

Benefitfocus, Inc. (BNFT) CEO Matt Levin on Q1 2022 Results - Earnings Call Transcript

CHARLESTON, S.C., May 04, 2022 (GLOBE NEWSWIRE) -- Benefitfocus, Inc.  (NASDAQ: BNFT), an industry-leading cloud-based benefits administration technology company that simplifies benefits administration for employers, health plans and brokers, will host its Investor Day in New York City on May 10.

Benefitfocus to Host Investor Day on May 10 to Discuss Progress on its Transformational Strategy and Significant Growth Opportunity Ahead

Benefitfocus (BNFT) delivered earnings and revenue surprises of 109.09% and 0.89%, respectively, for the quarter ended March 2022. Do the numbers hold clues to what lies ahead for the stock?

Benefitfocus (BNFT) Tops Q1 Earnings and Revenue Estimates

Delivered Revenue and Adjusted EBITDA in Excess of Guidance Ranges Executing on Strategic Plan to Return to Sustainable Growth

Benefitfocus Announces First Quarter 2022 Financial Results

CHARLESTON, S.C. , April 26, 2022 /PRNewswire/ -- Today, Benefitfocus, Inc. (NASDAQ: BNFT), a cloud-based benefits administration company committed to helping organizations and their people get the most out of their health care and benefits programs, announced its recognition as one of America's Best Employers for Diversity by Forbes.

Benefitfocus Recognized as One of the Best Employers for Diversity by Forbes

CHARLESTON, S.C. , April 22, 2022 /PRNewswire/ -- Today, Benefitfocus, Inc. (NASDAQ: BNFT), a cloud-based benefits administration company committed to helping organizations and their people get the most out of their health care and benefits programs, announced Kristin Adams as Executive Vice President and Chief People Officer (CPO).

Benefitfocus Appoints Kristin Adams as Chief People Officer

CHARLESTON, S.C., April 20, 2022 (GLOBE NEWSWIRE) -- Benefitfocus, Inc. (NASDAQ: BNFT), an industry-leading cloud-based benefits administration technology company that simplifies benefits administration for employers, health plans and brokers, today announced it will hold an Investor Day in New York City on May 10, 2022, from 8:30 a.m. to 12:30 p.m. E.T. The event will feature presentations and a Q&A session with members of the management team. Interested parties may reach out to ir@benefitfocus.com to register for the in-person event or watch the webcast live via the link available at https://investorday.benefitfocus.com. A replay of the event will be available following the conclusion of the broadcast and will be accessible on the company's website.

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