Healthcare disruption and consumerism fuel fresh technology advancements
Charleston, S.C. – June 8, 2015 – Benefitfocus, Inc. (NASDAQ: BNFT), a leading provider of cloud-based benefits software solutions, announced today the release of more than 400 new software features and enhancements that will optimize benefits administration and enrich its consumer-focused enrollment experience. The company also launched BENEFITFOCUS® One Place 365 – a new customer engagement site that provides customers with 24x7 access to communications resources such as release information, videos, project management insight and more.
“The summer software release is the second of four major releases in 2015 and part of our quarterly release cycle which drives continuous innovation with valuable insight from our customer community,” said Benefitfocus President and COO Ray August. “The sophisticated suite of features rolling out today is the product of our design and engineering team’s commitment to delivering the best employee benefits software available.”
With an increase in demand for pragmatic big data from benefits administrators, data-rich functionality highlights include an enhanced benefits participation widget, additional user metrics and new options to quickly filter, download, delete or safely share automated reports.
The software upgrades also focus on making it easier for administrators to quickly assist employees navigating the benefit election process. Benefitfocus will provide new capabilities to view, update and add beneficiaries and dependents with a few clicks, view employee eligibility at a glance and track an employee’s benefit status history down to a particular point in time.
Employees and other consumers logging on to the platform to enroll in their benefits will have a more personalized, user-friendly experience with additional smart functionality built into the home page. New feature highlights for consumers include cost calculators and personalized information that is specific to their needs and eligibility to help guide them through enrollment. Employees will also have access to a total compensation snapshot that can help them realize the full value of their compensation package.
“Consumers are starting to take more ownership of their benefits choices, so having solutions that provide them with all of the information they need in one place can empower informed benefits decisions,” said August. “Making it easier for individuals to get the most out of their benefits and make the right choices for their family’s health and financial wellbeing is what it’s all about.”
Benefitfocus, Inc. (NASDAQ: BNFT) is a leading provider of cloud-based benefits software solutions for consumers, employers, insurance carriers and brokers. Benefitfocus has served more than 25 million consumers on its platform that consists of an integrated portfolio of products and services enabling clients to more efficiently shop, enroll, manage and exchange benefits information. With a user-friendly interface and consumer-centric design, the Benefitfocus Platform provides one place for consumers to access all their benefits. Benefitfocus solutions support the administration of all types of benefits including core medical, dental and other voluntary benefits plans as well as wellness programs. For more information, visit https://www.benefitfocus.com.
Except for historical information, all of the statements, expectations, and assumptions contained in this press release are forward-looking statements. Actual results 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; changes in government regulations; the immature and volatile nature of the market for our products and services and other factors that could impact our anticipated growth; management of growth; fluctuations in our financial results; general economic risks; reliance on key personnel; our ability to compete effectively; our ability to maintain our culture and recruit and retain qualified personnel; privacy, security and other risks associated with our business; 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 at http://investor.benefitfocus.com/sec.cfm or 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.