Benefitfocus Winter Software Release Helps Customers Navigate Health Care in a Post-election Consumer-driven Environment
"Our customers tell us they need greater flexibility to manage costs and compliance uncertainty, while continuing to provide more personalized benefits plans that attract and retain talent," said
The software release features enhanced reporting and data insights that help HR leaders optimize plan fit and performance. Readily configurable to address potential compliance changes, the new features help increase engagement, improve productivity and reduce costs in several areas:
- HR administration - new reporting enhancements improve productivity by highlighting premium billing adjustments and reducing time spent reconciling carrier bills.
- Compliance - smart features simplify 1094-C and 1095-C reporting by applying benefits selections and eligibility patterns to automate Offer of Coverage and Safe Harbor and Certifications of Eligibility codes, freeing time for HR administrators to focus on exceptions.
- Employee experience - with additional automation, benefits administrators can easily communicate to discrete populations within the workforce with relevant, timely messages.
The release also optimizes platform performance in preparation for 2018 fall open enrollment season when an even greater volume of interactions is expected to cross the platform. This year, the platform scaled to manage millions of benefits transactions from its more than 825 large employer customers and 50+ insurance carriers.
To learn more about the Winter Release, 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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