Last $29.71 USD
Change Today -1.51 / -4.84%
Volume 274.3K
BNFT On Other Exchanges
As of 8:10 PM 09/22/14 All times are local (Market data is delayed by at least 15 minutes).

benefitfocus inc (BNFT) Snapshot

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01/17/14 - $77.00
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05/7/14 - $27.52
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benefitfocus inc (BNFT) Details

Benefitfocus, Inc. provides cloud-based benefits software solutions for consumers, employers, insurance carriers, and brokers under a software-as-a-service model in the United States. The company’s products for insurance carriers include eEnrollment to enhance its user’s experience by presenting information in a user-friendly format and integrating educational videos, and plan comparison and decision support tools to help navigate the enrollment process; eBilling, an electronic invoice presentment and payment solution; eExchange, a solution that bridges the communication gap between carrier and employer systems; and eSales that gives carriers and brokers tools to organize and manage accounts, track leads, generate quotes, and create proposals for various products. Its products for insurance carriers also comprise eDirect that offers an online retail experience for carriers to sell policies directly to individuals; Marketplace, an online shopping environment, which allows customers to select from various benefits plan choices to suit their individual needs; and Benefit Informatics, a data analytics solution that helps carriers and their self-insured employers identify cost drivers, recognize trends, and predict future risks and costs. In addition, the company offers products for employers, including HR InTouch, which supports online enrollment, employee communication, benefit education, and administration; HR InTouch Marketplace that creates a private exchange environment for large employers who offer defined contribution plans; Benefit Informatics, a data analytics solution that helps employers to make more informed and data-driven decisions. Further, it provides professional and customer support services, such as implementation services, discovery, configuration and deployment, integration, testing, training and technical support, HR support center, and media and animation services. The company was founded in 2000 and is headquartered in Charleston, South Carolina.

922 Employees
Last Reported Date: 07/17/14
Founded in 2000

benefitfocus inc (BNFT) Top Compensated Officers

Founder, Chief Executive Officer, President a...
Total Annual Compensation: $536.0K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $291.8K
Chief Commercial Officer
Total Annual Compensation: $400.0K
Compensation as of Fiscal Year 2013.

benefitfocus inc (BNFT) Key Developments

Kootenai Health Selects Benefitfocus, Inc. HR INTOUCH Marketplace

Benefitfocus, Inc. announced that Kootenai Health has selected the Benefitfocus HR INTOUCH MARKETPLACE(R) to support benefit enrollment and employee engagement for the company's workforce of more than 2,500 employees. HR INTOUCH MARKETPLACE transforms the enrollment experience into a Guided Shopping workflow that provides employees with plan recommendations based on historical and expected utilization. Plan comparison tools, educational videos and virtual assistants are incorporated into the portal, helping employees navigate enrollment and focus on selecting the benefits that best meet their individual needs.

Point B, Inc. Selects Benefitfocus HR INTOUCH MARKETPLACE to Support Benefit Enrollment as Well as Employee Engagement Year-Round

Benefitfocus, Inc. announced that Point B, Inc. has selected the Benefitfocus HR INTOUCH MARKETPLACE(R) to support benefit enrollment as well as employee engagement year-round. Point B provides management consulting and venture advisory services to clients across a wide array of industries. The firm has seven offices throughout the U.S. with many of its associates working onsite with clients. HR INTOUCH MARKETPLACE consolidates all benefits-related information and activity in a single cloud-based portal, helping Point B to streamline administrative tasks and simplify enrollment for their whole workforce. Benefitfocus provides the data exchange capabilities that enable Point B to support enrollment for multiple types of benefits and plan designs. Built on a configurable, rules-driven engine, the HR INTOUCH MARKETPLACE portal presents employees with the plans for which they are eligible and information that is relevant to their individual profile. The portal seamlessly incorporates the mandatory public healthcare exchange notice and other required communications within the enrollment workflow along with acknowledgement forms to confirm delivery and employee review of required material.

Benefitfocus, Inc. Appoints Ray August as Chief Operating Officer and Andy Howell as Chief Commercial Officer

Benefitfocus, Inc. has announced that Ray August has joined the company as Chief Operating Officer. In the role of COO, August will oversee all operational functions and customer support efforts to drive seamless scaling as the organization grows. Over the course of a sixteen-year tenure, August held multiple roles at CSC. Most recently, he held the position of General Manager for CSC’s Financial Services Group. Prior to CSC, Mr. August was Chief Technology Officer at Great Plains Software, a solution provider of middle market accounting software that was acquired by Microsoft. Andy Howell has been named Chief Commercial Officer at Benefitfocus. In this new role, Howell will oversee all sales and marketing functions as well as ecosystem partner relationships to help continue significant and sustainable long-term growth. Howell has been with Benefitfocus since 2007, serving in various roles during his tenure including Senior Vice President (SVP) and General Counsel; SVP and General Manager of the insurance carrier business unit; and, most recently, COO.


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