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Last $41.38 USD
Change Today +0.41 / 1.00%
Volume 69.0K
BNFT On Other Exchanges
As of 8:10 PM 07/2/15 All times are local (Market data is delayed by at least 15 minutes).

benefitfocus inc (BNFT) Snapshot

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06/18/15 - $47.49
52 Week Low
02/12/15 - $19.58
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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 that provides online enrollment for various benefits; 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 enables carriers to sell policies directly to individuals; Marketplace, an online shopping environment, which allows customers to select from various benefits plan choices; and Data Cloud and Benefits Analytics, a data analytics solution. In addition, the company offers products for employers, including Benefitfocus Marketplace, which supports online enrollment, employee communication, and benefit administration; and Data Cloud and Benefits Analytics. 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. Additionally, it offers partner offerings, such as SuccessFactors that provides employee performance management solutions; WageWorks, which supports various benefits through a single sign-on from its platform; Spectra Integration that provides print fulfillment services; and BenefitStore, a solution that makes available directly to employees an array of ancillary benefits, as well as allows its partners and customers to develop custom apps that integrate directly with HR InTouch. The company was founded in 2000 and is headquartered in Charleston, South Carolina.

1,314 Employees
Last Reported Date: 02/27/15
Founded in 2000

benefitfocus inc (BNFT) Top Compensated Officers

Founder, Chief Executive Officer and Director
Total Annual Compensation: $561.7K
President and Chief Operating Officer
Total Annual Compensation: $181.3K
Chief Financial Officer and Secretary
Total Annual Compensation: $291.8K
Chief Commercial Officer
Total Annual Compensation: $415.0K
Compensation as of Fiscal Year 2014.

benefitfocus inc (BNFT) Key Developments

Benefitfocus, Inc. Partners with HealthTap to Add End-to-End Virtual Care to its New Voluntary Benefits Store

Benefitfocus, Inc. partnered with HealthTap to make it easier for employers, carriers, brokers and consumers to add virtual healthcare services to their benefits packages. BENEFITFOCUS® Platform users will be able to select HealthTap on the same platform that they use to enroll in their traditional benefits via a Benefitfocus voluntary benefit exchange and consultation solution - Benefitstore. Benefitfocus announced the addition of Benefitstore to BENEFITFOCUS® Marketplace at its One Place 2015 conference in March, and designed Benefitstore to help make it easier to integrate supplemental benefits options into comprehensive plans with the support of a dedicated voluntary benefits team. Benefitfocus platform users will be able to select HealthTap at a preferred rate along with a selection of curated voluntary insurance and benefits services such as critical illness, hospital indemnity, accident, legal, permanent life, pet, auto, home and more.

Benefitfocus Launches Year-Round Customer Community with One Place 365 and Event Series

Benefitfocus, Inc. announced the launch of its new online customer engagement portal - BENEFITFOCUS® One Place 365. The new resource went live with the company’s summer software release and establishes an online environment that streamlines two-way communication, enhances transparency and fosters community-driven solutions. One Place 365 is part of a comprehensive engagement initiative aimed at energizing Benefitfocus’ expansive network of benefits management and software solution professionals to provide a powerful community of knowledge and experience. The customer communication resource provides Benefitfocus customers with a secure, streamlined channel to align and manage account information, share documents, connect with support teams, and access new software updates and videos. It has an interactive dashboard that simplifies project tracking and reporting with at-a-glance visibility into active projects, cases, weekly tasks and the ability to manage details such as project status, milestones and support team members. Built on the platform, One Place 365 works across multiple devices to maximize convenience.

Benefitfocus, Inc. Releases New Software Updates for Cloud-Based Benefits Management Solutions

Benefitfocus, Inc. announced 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. 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.


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