Benefitfocus provides a cloud-based benefits management platform that connects employers, insurance carriers, and brokers to simplify employee benefits and health insurance administration. Its AI-powered platform, Benefitplace, helps employees understand and enroll in benefits, while giving employers tools to manage benefits and enabling carriers to automate workflows. The product works as a SaaS system with modules for benefits administration, data analytics, and employee engagement, plus professional services for implementation and consulting. What sets Benefitfocus apart is its integrated ecosystem and data-driven approach: it combines AI, analytics, and automation across employers, carriers, and brokers to improve efficiency and transparency, rather than focusing on a single segment. Its goal is to reduce complexity, lower costs, and boost employee engagement by streamlining benefits selection, enrollment, and ongoing management across the entire benefits lifecycle.
Company Size
501-1,000
Company Stage
Acquired
Total Funding
$425.5M
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
The Top Benefits Administration Software vendors according to the FeaturedCustomers Fall 2026 Customer Success Report. September 15, 2026, 13:36 GMT FeaturedCustomers releases the Fall 2026 Benefits Administration Software Customer Success Report. COOPER CITY, FL, UNITED STATES, September 15, 2026 / EINPresswire.com / - Today FeaturedCustomers published the Fall 2026 Benefits Administration Software Customer Success Report to give prospects better insight on which Benefits Administration Software would work best for their business according to real customer references. The highest rated vendors according to the Fall 2026 Benefits Administration Software Customer Success Report are: Market Leaders - ADP, BambooHR, Benefitfocus, Castlight Health, Gusto, Namely, Paychex, Paycom, Paycor, Paylocity, PlanSource, Rippling, and TriNet were given the highest "Market Leader" award. Market Leaders are vendors with a substantial customer base & market share. Market Leaders have the highest ratio of customer reference content, content quality score, and social media presence relative to company size. Top Performers - bswift, Businessolver, Employee Navigator, Lumity, Inc., Netchex, PeopleKeep, and TELUS Health were awarded "Top Performer" honors. Top Performers are vendors with significant market presence and enough customer reference content to validate their vision. Top Performers' products are highly rated by its customers but have not achieved the customer base and scale of a Market Leader relative to company size. Rising Stars - Bentek, Noyo, and VBASoftware were awarded the "Rising Star" honor. Rising Stars are vendors that do not have the market presence of Market Leaders or Top Performers but understand where the market is going and has disruptive technology. Rising Stars have been around long enough to establish momentum and a minimum amount of customer reference content along with a growing social presence. About the Fall 2026 Benefits Administration Software Customer Success Report: The customer success report is based on over 4,000 pieces of verified customer reference content. A vendor's overall customer success score is reached via a weighted average of their Content, Market Presence, and Company Scores. Of the vendors listed in the FeaturedCustomers' Benefits Administration Software category, 23 vendors met the minimum requirements needed to be considered for the customer success report. About FeaturedCustomers: FeaturedCustomers, the world's only customer reference platform for B2B business software and services, helps potential B2B buyers research and discover business software and services through vendor validated customer reference content such as customer testimonials, success stories, case studies, and customer videos. Every day the platform helps influence the purchasing decisions of thousands of B2B buyers in the final stages of their buying cycle from Fortune 500 companies to SMB's. For more information, visit https://www.featuredcustomers.com. Legal Disclaimer: EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above. You just read: September 15, 2026, 13:36 GMT EIN Presswire's priority is author transparency. We do our best to weed out false and misleading content. The content above is the sole responsibility of the author who makes it available. If you have any complaints, kindly contact the author above. Maggie Mei FeaturedCustomers +1 888-763-8927
Waystar announces appointment of Alpana Wegner as Chief Financial Officer. Published on July 29, 2026 Accomplished technology CFO to help advance Waystar's growth strategy and value creation LEHI, Utah and LOUISVILLE, Ky., July 29, 2026 - Waystar (Nasdaq: WAY), a provider of leading healthcare payment software, today announced the appointment of Alpana Wegner as Chief Financial Officer, effective August 1, 2026. Wegner joins Waystar to help accelerate the company's continued expansion and extend the value of its platform, bringing decades of experience scaling technology businesses, driving disciplined execution, and achieving value creation at publicly traded companies. "Following a robust national search, we are excited to welcome Alpana Wegner to Waystar," said Matt Hawkins, Chief Executive Officer of Waystar. "Alpana is a proven financial leader growing public technology companies, demonstrating operational excellence and expanding profitability. As we extend the reach of our platform and bring the autonomous revenue cycle to life, she will be an excellent guide for our finance organization with a focus on capitalizing on the significant opportunities ahead." Wegner succeeds Steve Oreskovich, who has served as Waystar's CFO for the past eight years and will be transitioning from the role for personal reasons. He will remain with the company as an advisor to support a seamless transition through June 15, 2027. "Steve has served as a trusted partner in driving Waystar's long-term growth across major financial milestones, including our successful initial public offering. We are grateful he will advise the company during this transition, and we wish him the best in his next chapter," said Hawkins. Wegner brings more than 25 years of finance and operational leadership experience, including as Chief Financial Officer at several publicly traded companies. Most recently, she served as CFO of Integral Ad Science, a global media technology platform. Previously, Wegner served as CFO of Secureworks, a cybersecurity provider, and Benefitfocus, a software platform for employee benefits administration serving the healthcare and employer market. Earlier in her career, she held senior finance leadership roles at Blackbaud, a publicly traded cloud software provider. Wegner earned a Bachelor of Science in Accounting from Arizona State University. About Waystar Waystar's mission-critical software is purpose-built to simplify healthcare payments so providers can prioritize patient care and optimize their financial performance. Waystar serves over 30,000 clients, representing over 1 million distinct providers, including 16 of 20 institutions on the U.S. News Best Hospitals list. Waystar's enterprise-grade platform annually processes over 7.5 billion healthcare payment transactions, including over $2.4 trillion in annual gross claims and spanning approximately 60% of U.S. patients and one in three U.S. hospital discharges. Waystar strives to transform healthcare payments so providers can focus on what matters most: their patients and communities. Discover the way forward at waystar.com. Forward-Looking Statements This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements include, but are not limited to, statements regarding leadership transitions, the anticipated contributions of new members of the management team, and Waystar's growth strategy and strategic direction. Forward-looking statements are based on Waystar's current expectations and assumptions and are subject to known and unknown risks and uncertainties that could cause actual results to differ materially from those expressed or implied. These risks include those described under "Risk Factors" in Waystar's most recent Annual Report on Form 10-K and its subsequent filings with the U.S. Securities and Exchange Commission. Forward-looking statements speak only as of the date of this release, and Waystar undertakes no obligation to update any forward-looking statement, whether as a result of new information, future events, or otherwise, except as required by law.
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
Wellthy announces strategic collaboration with Benefitfocus to expand benefits solutions for employee caregivers and their families.