Benefitfocus Outlines 10-Year Vision to Accelerate the Digital Transformation of Employer-Sponsored Health Care, Delivers New Suite of Software-Enabled Services
"With 833 large employers and 53 of the largest insurance carriers on the Benefitfocus Platform, we support a vibrant community that relies on
In the opening keynote, Jenkins shared how the company's extensive investment in research and development is accelerating the company's capability to both innovate and scale. During this past fall's open enrollment period, the Benefitfocus Platform supported over
New product highlights from BENEFITFOCUS®
Access to enterprise-class reporting and analytics to accelerate plan performance
Spanning the employer and insurance carrier ecosystem, the Benefitfocus Platform has a rich legacy of combining enrollment transaction and plan utilization data. New for 2017, Benefitfocus Business Intelligence provides employers, insurance carriers, brokers and consultants with a new enterprise class reporting framework built on the Benefitfocus Data Cloud. From a single interface, a user can unlock new insights from a combined data set that spans enrollment transaction history, plan utilization and third-party data available through the Benefitfocus Ecosystem. Designed with the benefits leader in mind, the new capabilities enable employers and insurance carriers to effectively manage plan costs, engage employees and prioritize investments.
Unprecedented data visibility for employers, insurance carriers, brokers and consultants
In an increasingly complex health care landscape where legacy systems rely on manual data exchanges and email confirmations, the Benefitfocus Platform provides end-to-end data visibility. New for 2017, the Data Dashboard provides a calendar view of scheduled data transmissions across both inbound and outbound file transmissions.
New capabilities to engage employees during the moments that matter
During the course of open enrollment the Benefitfocus Platform enrolled employees in over 600,000 consumer-directed health accounts representing over
New software-enabled services for the benefits administrator
Benefits leaders are focused on helping their employees remain happy, healthy and engaged. But sometimes they lack the time or the team to support their employee population. New for 2017,
New capabilities to streamline administrative tasks for health care plans and employers
With Benefitfocus Account Services, benefits administrators can now turn to
For insurance carriers, an increasing percentage of employers are looking to enroll employees electronically during open enrollment but also submit electronic files throughout the year for new groups of employees. Through the all-new File Based Enrollment feature, an employer or broker can now enroll hundreds of quickly and easily within
"At the end of the day, our technology is about helping people live better lives," said Jenkins. "We position our growing community of employers, carriers, brokers and partners for success by investing in a single code base and providing frequent software releases as they navigate our complex industry. We're thrilled with our progress in 2016 and excited to support the success of our community in 2017."
The features outlined above along with numerous other enhancements will be generally available on the Benefitfocus Platform today and in subsequent quarterly software releases. To learn more, prospective
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
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