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MarketScreener Homepage  >  Equities  >  Nasdaq  >  Benefitfocus, Inc.    BNFT

BENEFITFOCUS, INC.

(BNFT)
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Navigating Benefits: Benefitfocus Delivers Enhancements to Streamline Open Enrollment

10/05/2020 | 04:05pm EST
AI-backed platform enhancements remove friction in benefits management for employers, brokers and health plans

Charleston, S.C. - October 5, 2020 - 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 better support health plans, brokers, employers and consumers as they navigate benefit enrollment and administration, remote work, a multigenerational workforce, and the economic downturn.

'Benefitfocus continues to deliver value and ease of use for its customers by leveraging artificial intelligence, data and insights to improve our platform, the consumer experience and the entire benefits ecosystem,' said Annmarie Fini, Executive Vice President, Customer Success, Benefitfocus. 'Benefits administration is often challenging, and we want to help our customers by removing friction, improving insights and ensuring our connected ecosystem has the highest quality data to get the information they need quickly and easily.'

How the software updates will simplify the benefits experience:

  • Quote-to-Pay Management for Health Plans: A single, end-to-end solution that allows for the quoting, selling, enrollment and billing of insurance products through one system.
  • Smart Moments Event-Driven Messaging: Usability enhancements including the ability to multi-select message settings and content, preview projected recipients, and access pre-built messages and templates from the Benefitfocus Community Resource Center.
  • Enhanced Online Chat Creates Ease for Consumers: Allows another avenue for consumers to have their questionsanswered . Consumers can also use the AI-driven chat tool to submit documentation and access previous chat transcripts.
  • Deeper Insights to Help Employers Control Health Care Costs:Includes new Health Insights Administrator Dashboard for employers, which provides access to health plan cost information, specific cost drivers and compliance categories, along with peer benchmarks, in an easy-to-consume dashboard format.

The Community Resource Center

Benefitfocus' investment in optimizing its solutions is enabled by the world's largest benefits community. Health plans, brokers, and employers all participate in an interactive online community generating new solution ideas that inform each of the Benefitfocus releases.

Connect with Benefitfocus

To learn more about the Benefitfocus platform, click here.

Like Benefitfocus on Facebook: https://www.facebook.com/Benefitfocus

Follow @benefitfocus on Twitter

Follow Benefitfocus on LinkedIn

Follow Benefitfocus on Instagram

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:the need to innovate and provide useful products and services; our ability to compete effectively; the immature and volatile nature of the market for our products and services; risks related to changing healthcare and other applicable regulations; 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 athttp://investor.benefitfocus.com/sec-filingsor 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.

Disclaimer

Benefitfocus Inc. published this content on 05 October 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 05 October 2020 20:04:03 UTC


© Publicnow 2020
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Financials (USD)
Sales 2020 267 M - -
Net income 2020 -30,1 M - -
Net Debt 2020 103 M - -
P/E ratio 2020 -13,5x
Yield 2020 -
Capitalization 416 M 416 M -
EV / Sales 2020 1,94x
EV / Sales 2021 1,84x
Nbr of Employees 1 560
Free-Float 88,5%
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Mean consensus OUTPERFORM
Number of Analysts 7
Average target price 16,83 $
Last Close Price 12,92 $
Spread / Highest target 124%
Spread / Average Target 30,3%
Spread / Lowest Target -7,12%
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Managers
NameTitle
Stephen M. Swad President, Chief Executive Officer & Director
Mason R. Holland Executive Chairman
Ken Haderer Executive Vice President-Global Operations
Alpana Wegner Chief Financial Officer
Ravi Metta Executive Vice President-Product & Engineering
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