Work Here?
Work Here?
Work Here?
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. Benefitplace features a user-friendly interface that helps employees understand their options while providing employers with tools for efficient benefits management. For insurance carriers, the platform 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 utilizing 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.
Company Stage
IPO
Employees
1,001-5,000
Industries
Enterprise Software, AI & Machine Learning, Healthcare
Total Funding
$561.7M
Headquarters
Charleston, South Carolina
Founded
2000
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Flexible work policy & schedule
Parental leave
Employee discounts
Generous PTO
Comprehensive healthcare package
Financial wellness programs
Employee Stock Purchase Program
Donation match
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