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.

Benefitfocus (BNFT) delivered earnings and revenue surprises of 260.00% and 2.47%, respectively, for the quarter ended December 2020. Do the numbers hold clues to what lies ahead for the stock?

Benefitfocus (BNFT) Q4 Earnings and Revenues Surpass Estimates

Shares of Benefitfocus (NASDAQ:BNFT) moved lower in after-market trading after the company reported Q4 results. Quarterly Results Earnings per share increased 200.00% over the past year to $0.18, which beat the estimate of $0.05.

Benefitfocus: Q4 Earnings Insights

Delivers record Q4 adjusted EBITDA of $20.2 million, GAAP EPS of $0.04 and non-GAAP EPS of $0.18 Executing on clear priorities to drive growth and operating leverage

Benefitfocus Announces Fourth Quarter and Full Year 2020 Financial Results

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.

Earnings Preview: Benefitfocus (BNFT) Q4 Earnings Expected to Decline

CHARLESTON, S.C., March 1, 2021 /PRNewswire/ -- Benefitfocus, Inc. (NASDAQ: BNFT), an industry-leading benefits technology platform that simplifies benefits administration for employers, health plans and brokers, has published an ebook containing highlights of a study identifying superior...

Benefitfocus-Sponsored Research Identifies Strategic Value of the Platform Service Model for Health Insurers

CHARLESTON, S.C., Feb. 25, 2021 /PRNewswire/ -- Benefitfocus, Inc. (NASDAQ: BNFT), an industry-leading benefits technology platform that simplifies benefits administration for employers, health plans and brokers, announces its full slate of speakers for One Place 2021, its annual...

Benefitfocus' One Place 2021 to Address "The Future of Work" and "The Impact of 2020 on the Future of Health Care"

Announces Date of Fourth Quarter and Full Year 2020 Financial Results Announces Date of Fourth Quarter and Full Year 2020 Financial Results

Benefitfocus Invites Investor Community to Join One Place 2021

CHARLESTON, S.C., Feb. 15, 2021 /PRNewswire/ -- Following a review of performance metrics and customer feedback, Benefitfocus, Inc. (NASDAQ: BNFT), an industry-leading benefits technology platform that simplifies benefits administration for employers, health plans and brokers, shares...

Employers and Health Plans Solve Pandemic-Era Health and Benefits Administration Challenges Through Technology

CHARLESTON, S.C., Feb. 11, 2021 (GLOBE NEWSWIRE) -- Benefitfocus, Inc. (NASDAQ: BNFT), an industry-leading benefits technology platform that simplifies benefits administration for employers, health plans and brokers, today issued the following statement in response to the press release issued by Indaba Capital Management, L.P. a debtholder and recent shareholder of the company:

Benefitfocus Reaffirms Value-Creating Strategy

SAN FRANCISCO--(BUSINESS WIRE)--Indaba Capital Management, L.P. (together with its affiliates, “Indaba” or “we”), a significant shareholder of Benefitfocus, Inc. (NASDAQ: BNFT) (“Benefitfocus” or the “Company”), today issued the below letter to the Company's Board of Directors. In addition, Indaba filed a Schedule 13D Amendment with the U.S. Securities and Exchange Commission and disclosed its recent communications with the Company. The Board of Directors Benefitfocus, Inc. 100 Benefitfocus Way

Indaba Capital Issues Letter to the Board of Directors of Benefitfocus

Company advances its strategic plan  following successful open enrollment period

Benefitfocus Provides Corporate Update and Announces Governance Enhancements

CHARLESTON, S.C., Jan. 4, 2021 /PRNewswire/ -- Benefitfocus, Inc. (NASDAQ: BNFT), an industry-leading benefits technology platform that simplifies benefits administration for employers, health plans and brokers, announces it earned a coveted Brandon Hall Group Silver Award for excellence...

Benefitfocus Earns Silver in The 2020 Brandon Hall Group Excellence Awards in Technology

CHARLESTON, S.C., Dec. 10, 2020 /PRNewswire/ -- Benefitfocus, Inc. (NASDAQ: BNFT), an industry-leading benefits technology platform that simplifies benefits administration for employers, health plans and brokers, announces today an enhanced partnership with Transamerica that enables...

Benefitfocus Expands Its Partnership with Transamerica to Provide Seamless Retirement Plan Enrollment

CHARLESTON, S.C., Nov. 17, 2020 /PRNewswire/ -- Benefitfocus, Inc. (NASDAQ: BNFT), an industry-leading benefits technology platform that simplifies benefits administration for employers, health plans and brokers, today launched the third phase of "Open Enrollment Success in the Era of...

Third Phase of Benefitfocus' "Open Enrollment Success in the Era of COVID" Offers Guidance on Evaluating OE Effectiveness

CHARLESTON, S.C., Nov. 11, 2020 /PRNewswire/ -- Benefitfocus, Inc. (NASDAQ: BNFT), an industry-leading benefits technology platform that simplifies benefits administration for employers, health plans and brokers, today opens registration for its annual benefits technology and business...

Benefitfocus Opens Registration for One Place® 2021

CHARLESTON, S.C., Nov. 09, 2020 (GLOBE NEWSWIRE) -- Benefitfocus, Inc.  (NASDAQ: BNFT), an industry-leading benefits technology platform that simplifies benefits administration for employers, health plans and brokers, today announced Steve Swad, President and Chief Executive Officer, and Alpana Wegner, Chief Financial Officer, will present at the Credit Suisse 29th Annual Virtual Healthcare Conference on November 11, 2020 at 8:45am ET. A live audio webcast of the presentation will be available on the Benefitfocus Investor website at: https://investor.benefitfocus.com/events-presentations where a replay will also be available.

Benefitfocus Announces Participation in Credit Suisse 29th Annual Virtual Healthcare Conference

Benefitfocus, Inc. (BNFT) CEO Stephen Swad on Q3 2020 Results - Earnings Call Transcript

Exceeds  high end of revenue and adjusted EBITDA  guidance O utlines priorities to unlock shareholder value  

Benefitfocus Announces Third Quarter 2020 Financial Results 

CHARLESTON, S.C., Nov. 4, 2020 /PRNewswire/ -- Benefitfocus, Inc. (NASDAQ: BNFT), an industry leading benefits technology platform that simplifies benefits administration for employers, health plans and brokers, today kicked off phase two of "Open Enrollment Success in the Era of COVID,"...

Phase Two of Benefitfocus' "Open Enrollment Success in the Era of COVID" Focuses on Communications

CHARLESTON, S.C., Nov. 2, 2020 /PRNewswire/ -- Benefitfocus, Inc. (NASDAQ: BNFT), a benefits technology platform enabling rapid innovation for employers, health plans and consumers, today announces the appointment of John Thomas to the newly created role of chief data officer. Thomas will...

Benefitfocus Hires Chief Data Officer to Lead Data Strategy

CHARLESTON, S.C., Oct. 20, 2020 /PRNewswire/ -- Benefitfocus, Inc. (NASDAQ: BNFT), a technology platform provider enabling rapid innovation for employers, health plans and consumers, today kicked off "Open Enrollment Success in the Era of COVID," a six-week, three-phase educational series...

Benefitfocus Offers "Open Enrollment Success in the Era of COVID"

CHARLESTON, S.C., Oct. 15, 2020 (GLOBE NEWSWIRE) -- Benefitfocus, Inc. (NASDAQ: BNFT), a leading cloud-based benefits platform and services provider, today announced that it will report its third quarter 2020 results after U.S. financial markets close on November 5, 2020.

Benefitfocus Announces Date of Third Quarter Financial Results

CHARLESTON, S.C., Oct. 5, 2020 /PRNewswire/ -- Benefitfocus, Inc. (NASDAQ: BNFT), a leading technology platform provider enabling rapid innovation for employers, health plans and consumers, today announced software updates to its platform. Updates focus on leveraging AI and analytics to...

Navigating Benefits: Benefitfocus Delivers Enhancements to Streamline Open Enrollment

Experienced customer-focused technologist brings product innovation and platform transformation expertise to build on company’s strong technical foundation Experienced customer-focused technologist brings product innovation and platform transformation expertise to build on company’s strong technical foundation

Benefitfocus Appoints Ravi Metta as Executive Vice President, Product and Engineering

CHARLESTON, S.C., Sept. 17, 2020 /PRNewswire/ -- Benefitfocus, Inc. (NASDAQ: BNFT), a technology platform provider enabling rapid innovation for employers, health plans and consumers, announced today it has added PayActiv to the ever-growing range of products and services in its Benefit...

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