Benefitfocus simplifies the management of employee benefits for businesses and insurance carriers through its cloud-based platform, Benefitplace. This platform connects employers, insurance carriers, and brokers, allowing employees to easily select and manage their benefits. It features a user-friendly interface that helps employees understand their options while providing employers with tools for efficient benefits management. For insurance carriers, Benefitplace enhances operational efficiency through automation and scalability. Benefitfocus generates revenue from subscription fees for its software-as-a-service (SaaS) platform, as well as from professional services like implementation support. The company stands out in the market by leveraging artificial intelligence and data analytics to drive cost savings and improve employee engagement, ultimately helping clients reduce complexity and enhance the efficiency of their benefits programs.

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HR Path announces strategic partnership with Benefitfocus to enhance US benefits solutions!

HR Path Announces Strategic Partnership with Benefitfocus to enhance US benefits solutions!

Benefitfocus launches innovative approach to digital health-solution management with 'Care Partner Panel'

NEW YORK, Nov. 25, 2024 /PRNewswire/ -- The global benefits administration service market size is estimated to grow by USD 144.7 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of  3.09%  during the forecast period. Increasing focus on employee wellness is driving market growth, with a trend towards increased adoption of automation in benefits administration services. However, high cost of software acquisition and implementation  poses a challenge. Key market players include Automatic Data Processing Inc., Alight Solutions LLC, Aon plc, Bamboo HR LLC, Benefit Administration Services LLC, Benefitfocus.com Inc., Businessolver.com Inc, Cognizant Technology Solutions Corp., Dayforce Inc., Empower Annuity Insurance Co

Benefits Administration Service Market Size Is Set To Grow By Usd 144.7 Billion From 2024-2028, Increasing Focus On Employee Wellness Boost The Market- Technavio

Wellthy announces strategic collaboration with Benefitfocus to expand benefits solutions for employee caregivers and their families.

Wellthy Announces Strategic Collaboration with Benefitfocus to Expand Benefits Solutions for Employee Caregivers and Their Families

Benefitfocus announced the release of its "2024 State of Employee Benefits(TM) Report," a detailed look at how employers support today's workforce through workplace benefits and savings programs.

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CHARLESTON, S.C.--(BUSINESS WIRE)--Benefitfocus, one of the leading benefits administration providers in the industry, announced today that Tom Klonecki has joined the company as chief operating officer (COO), effective Feb. 26, 2024. Klonecki will report to Andrew Frend, president, Benefitfocus. As COO, Klonecki will oversee the teams that deliver implementation, client management, contact center support, data exchanges and administrative services for clients. Klonecki will also work closely with the product and engineering teams to further advance the company’s full-service customer success organization, which in 2023 achieved a net promoter score — the gold standard for measuring customer experience and loyalty — that increased nearly 40 points over the prior year.1. “I’m excited to welcome Tom to the Benefitfocus team,” said Frend

Tom Klonecki Joins Benefitfocus As Chief Operating Officer

Benefitfocus launches new care navigation solution to make it easier for individuals to find high-quality Health care.

Benefitfocus launches new care navigation solution to make it easier for individuals to find high-quality Health care

Benefitfocus, a benefits administration company committed to helping organizations and the people they serve get the most out of their health care and benefit programs, today announced it is launching a new decision support tool that provides guidance to help workers make more informed decisions when selecting their workplace benefits.

Benefitfocus Launches Personalized Decision Support Tool to

In all, Benefitfocus has received $294.7M from investors over 4 investment rounds.

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CHARLESTON, S.C., April 06, 2023 (GLOBE NEWSWIRE) -- Benefitfocus, a Voya Financial business, today announced that it has named Andrew Frend as president, effective immediately. Frend succeeds Benefitfocus CEO Matt Levin, who has decided to pursue opportunities outside of Benefitfocus.Prior to his appointment, Frend – who has more than 20 years of experience across the employee benefits industry – was most recently the Senior Vice President and Head of Workplace Strategy and Solutions at Voya Financial, where he was instrumental in advancing Voya’s workplace strategy and product roadmap.“Over the past several years, Benefitfocus has made significant progress on its transformational plan, and I’m excited to work with this incredibly seasoned leadership team to continue helping organizations and the people they serve get the most out of their health and benefit investments,” said Frend. “With the support of Voya, we will accelerate our ability to expand our capabilities across workplace benefits and savings, foster our commitment to maintaining our open architecture, product-agnostic approach and enhance our strategic partnerships with clients, brokers and intermediaries.”Reporting to Frend is a Benefitfocus leadership team that has more than 100 years of combined experience in the benefits administration industry:Greg Mercer, Sales and MarketingTina Provancal, Product and StrategyEd Rumzis, TechnologyTim Sand, Customer Operations“Over the course of my tenure at Benefitfocus, the team has made great strides in advancing our mission and vision and positioning ourselves as the safest set of hands for our customers,” said Levin. “Andrew has extensive knowledge of the employee benefits business and is a strong advocate for taking a customer-centric approach to serving clients and developing talent and people. With this leadership structure in place and our talented team of associates, I couldn’t be more confident in the future of the company and its ability to support the needs of organizations through an end-to-end continuum of offerings across health, wealth and investment.”In addition to his role leading product and strategy for workplace solutions, Frend has also led product and strategy for Voya’s Health Solutions business and was a key driver of Voya’s entrance into the HSA/FSA business. He joined Voya in 2009 and, during the course of his career, he has also held leadership roles at ADP and Mutual of Omaha, working directly with carriers, brokers and some of the world’s most leading technology companies.“I would like to thank Matt for his leadership of Benefitfocus over the past several years,” said Heather Lavallee, CEO, Voya Financial

Benefitfocus Appoints Andrew Frend As President

Cloud-based platform for employee benefits management

Benefitfocus

Cloud-based platform for employee benefits management

Benefitfocus

Cloud-based platform for employee benefits management

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