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., April 18, 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 first quarter 2022 results after U.S. financial markets close on Tuesday, May 3, 2022.

Benefitfocus Announces Date of First Quarter 2022 Financial Results

The 2022 report illustrates how employer benefit plan design and employee decisions are shifting by analyzing enrollments from 361 large employers and more than 4.7 million employees across the last five years. CHARLESTON, S.C.

Benefitfocus' 2022 State of Employee Benefits™ Report Reveals Employers' Persistence in Meeting Employee Needs by Diversifying Benefit Offerings

Enters into Cooperation Agreement with Indaba Capital Management Enters into Cooperation Agreement with Indaba Capital Management

Benefitfocus Announces Appointment of New Director to its Board

CHARLESTON, S.C. , March 10, 2022 /PRNewswire/ -- Today Benefitfocus, Inc. (NASDAQ: BNFT), an industry-leading cloud-based benefits administration technology company that simplifies benefits administration for employers, health plans and brokers, announced that it received a 95% satisfaction rating for open enrollment this year.

Benefitfocus Delivered Exceptional Service and Support to Customers During the 2021 Open Enrollment Season

Benefitfocus, Inc. (BNFT) CEO Matt Levin on Q4 2021 Results - Earnings Call Transcript

Benefitfocus (BNFT) delivered earnings and revenue surprises of 242.86% and 7.40%, respectively, for the quarter ended December 2021. Do the numbers hold clues to what lies ahead for the stock?

Benefitfocus (BNFT) Surpasses Q4 Earnings and Revenue Estimates

Exceeded high end of the R evenue guidance range Delivered Record Adjusted EBITDA for the full year 2021 Completed Strongest Ever Open Enrollment Season with Record Customer Satisfaction R ating Announces Investor Day on May 10, 2022

Benefitfocus Announces Fourth Quarter and Full Year 2021 Financial Results

CHARLESTON, S.C., Feb. 18, 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 that it has been named by Forbes as one of America's Best Midsize Employers in 2022.

Benefitfocus Recognized as One of America's Best Employers by Forbes

CHARLESTON, S.C., Feb. 15, 2022 (GLOBE NEWSWIRE) -- Benefitfocus, Inc. (NASDAQ: BNFT), a leading cloud-based benefits platform and services provider, today announced it will report its fourth quarter and full year 2021 results after U.S. financial markets close on Tuesday, March 1, 2022.

Benefitfocus Announces Date of Fourth Quarter and Full Year 2021 Financial Results

CHARLESTON, S.C., Nov. 18, 2021 (GLOBE NEWSWIRE) -- Benefitfocus, Inc.  (NASDAQ: BNFT), an industry-leading benefits technology platform that simplifies benefits administration for employers, health plans and brokers, today announced its participation in the Piper Sandler 33rd Annual Virtual Healthcare Conference taking place November 30 through December 2, 2021.

Benefitfocus to Participate at Piper Sandler 33rd Annual Virtual Healthcare Conference

Industry-leading solution to strengthen Benefitfocus' benefits administration services, helping to deliver an exceptional, end-to-end customer experience. Industry-leading solution to strengthen Benefitfocus' benefits administration services, helping to deliver an exceptional, end-to-end customer experience.

Benefitfocus Acquires Tango Health, Expanding ACA Compliance and Reporting Capabilities for Employers

CHARLESTON, S.C., Nov. 08, 2021 (GLOBE NEWSWIRE) -- Benefitfocus, Inc.  (NASDAQ: BNFT), an industry-leading benefits technology platform that simplifies benefits administration for employers, health plans and brokers, today announced that Matt Levin, President and Chief Executive Officer, and Alpana Wegner, Chief Financial Officer, will present at the Credit Suisse 30th Annual Virtual Healthcare Conference on Wednesday, November 10, 2021, at 4:20 p.m. Eastern Time. A live webcast of the fireside chat will be available here. A replay of the webcast will be available on the Benefitfocus investor relations website at https://investor.benefitfocus.com/events-presentations.

Benefitfocus to Participate at Credit Suisse 30th Annual Virtual Healthcare Conference

Benefitfocus' (BNFT) CEO Matt Levin on Q3 2021 Results - Earnings Call Transcript

Delivers on third quarter financial commitments Focused on providing service excellence to deliver enhanced stakeholder value

Benefitfocus Announces Third Quarter 2021 Financial Results

Accomplished executive brings diverse leadership skills and extensive health care industry expertise Accomplished executive brings diverse leadership skills and extensive health care industry expertise

Benefitfocus Names James Bradley Wilson to Board of Directors

CHARLESTON, S.C., Oct. 28, 2021 /PRNewswire/ -- Today Benefitfocus, Inc. (NASDAQ: BNFT), an industry-leading benefits technology platform that simplifies benefits administration for employers, health plans and brokers, announced the addition of COVID-19 vaccination tracking features to the Benefitplace platform.

Benefitfocus Adds COVID-19 Vaccination Tracking Features to Help Employers Comply with Government Mandates and Refine Return-to-Work Policies

Benefitfocus (BNFT) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Analysts Estimate Benefitfocus (BNFT) to Report a Decline in Earnings: What to Look Out for

CHARLESTON, S.C., Oct. 13, 2021 (GLOBE NEWSWIRE) -- Benefitfocus , Inc. (NASDAQ: BNFT), a leading cloud-based benefits platform and services provider, today announced it will report its third quarter 2021 results after U.S. financial markets close on Wednesday, November 3, 2021.

Benefitfocus Announces Date of Third Quarter 2021 Financial Results

Sales and earnings erosion continue for this small provider of HR and insurance analytics

Bear of the Day: Benefitfocus (BNFT)

CHARLESTON, S.C ., Aug. 30, 2021 /PRNewswire/ -- Benefitfocus, Inc. (NASDAQ: BNFT), an industry-leading benefits technology platform that simplifies benefits administration for employers, health plans and brokers, announces the appointment of Ana Perez as Chief Marketing Officer (CMO).

Benefitfocus Appoints Ana Perez, Chief Marketing Officer

CHARLESTON, S.C., Aug. 26, 2021 /PRNewswire/ -- Benefitfocus, Inc. (NASDAQ: BNFT), an industry-leading benefits technology platform that simplifies benefits administration for employers, health plans and brokers, has added a full suite of benefits offerings from American Public Life Insurance Company (APL), a leading provider of voluntary worksite benefits, to the growing range of products and services on its Benefit Catalog.

Benefitfocus Adds American Public Life's Full Suite of Voluntary Insurance Offerings to Benefit Catalog

CHARLESTON, S.C., Aug. 24, 2021 /PRNewswire/ -- Benefitfocus, Inc. (NASDAQ: BNFT), an industry-leading benefits technology platform that simplifies benefits administration for employers, health plans and brokers, has issued an ebook detailing the key elements of a benefits administration strategy as the repercussions of COVID-19 pandemic continue.

Benefitfocus Provides Strategies for Employee Wellbeing to HR and Benefits Leaders

CHARLESTON, S.C., Aug. 11, 2021 /PRNewswire/ -- Benefitfocus, Inc. (NASDAQ: BNFT), an industry-leading benefits technology platform that simplifies benefits administration for employers, health plans and brokers, today announced its core benefits administration platform Benefitplace for both Employers and Health Plans has earned Certified status for information security by HITRUST.

Benefitfocus Achieves HITRUST CSF® Certification to Enhance Third-Party Privacy, Security and Compliance for Customer Data

CHARLESTON, S.C., Aug. 9, 2021 /PRNewswire/ -- Benefitfocus, Inc. (NASDAQ: BNFT), a leading technology platform provider enabling rapid innovation for employers, health plans and consumers, today announces it is supporting the State of Nevada's efforts to modernize its eligibility and enrollment benefits management system.

State of Nevada Public Employees' Benefits Program (PEBP) Selects Benefitfocus for Employee Enrollment Benefits Management System Modernization

CHARLESTON, S.C., Aug. 5, 2021 /PRNewswire/ -- Benefitfocus, Inc. (NASDAQ: BNFT), a leading technology platform provider enabling rapid innovation for employers, health plans and consumers, today announces the award of a contract supporting the State of Wisconsin's efforts to modernize its insurance administration system for the Department of Employee Trust Funds.

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