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Leading retirement communities manager to transition benefits administration to the Benefitfocus Cloud
CHARLESTON, S.C., Feb. 4, 2014 /PRNewswire/ -- Benefitfocus, Inc. (NASDAQ: BNFT), a leading provider of cloud-based benefits software solutions, today announced that Midwest Health, Inc. has selected Benefitfocus HR INTOUCH® to support benefits administration, enrollment and employee communication. Headquartered in Topeka, Kansas, Midwest Health offers quality long-term care in communities throughout Kansas, Iowa, Nebraska and Oklahoma. HR InTouch incorporates all employee benefit plan options into a single online portal that can also be accessed from a mobile device to provide Midwest Health employees a more convenient way to shop and enroll in their benefits.
With an intuitive user interface and integrated decision support features, HR InTouch offers Midwest Health the ability to simplify enrollment and provide benefits education for its geographically dispersed workforce of more than 1,900 benefit eligible employees across four states. The portal incorporates plan comparison tools that break down out-of-pocket costs and details of coverage to help employees understand their defined benefit options and the impact of their decisions. As employees select their benefits, a shopping cart feature displays a cost summary as well as the employer's contribution to provide additional transparency while communicating the value of the benefits offering. Additionally, HR InTouch offers more than 300 informative videos throughout the enrollment process to provide clear explanations of complex health and benefit-related topics.
"Employee satisfaction is a principal factor in the success of our company," said Jennifer Sourk, In-House Counsel at Midwest Health. "HR InTouch provides the tools we need to communicate the value of the benefits we offer as well as the functionality and capabilities that will help us complete tasks much more efficiently. Implementing Benefitfocus Technology is a step in the right direction to offer our employees an engaging enrollment experience."
HR InTouch automates the transmission of benefits data to insurance providers, payroll systems and third parties for account-based options. Employers can leverage the data exchange connections Benefitfocus has established to enhance their overall benefits package with additional voluntary benefit enrollment options and manage all of their benefits in one place. By exchanging data across these systems, administrators can improve the accuracy of their data and eliminate the need to enter the same information into multiple systems. In addition, employees can access the most current information about their policies and easily initiate changes to their benefits for a qualified life event.
"Midwest Health's strategy centers on ensuring that seniors experience quality care," said Shawn Jenkins, President and CEO of Benefitfocus. "At Benefitfocus, our goal is to deliver software that simplifies benefits administration and allows our clients to concentrate on their core business. We are excited that Midwest Health will implement our technology so they can focus on providing quality care for those living in their retirement communities."
Midwest Health is scheduled to go live on the Benefitfocus Cloud in Summer 2014.
About Midwest Health, Inc.
Midwest Health, Inc. is dedicated to delivering senior services through innovation, quality, and customer satisfaction. Midwest Health manages 48 long-term care facilities and other businesses related to senior services. Our Vision is to be recognized as the best in the industry in Clinical Excellence, Financial Excellence, and Customer Satisfaction.
Benefitfocus, Inc. (NASDAQ: BNFT) is a leading provider of cloud-based benefits software solutions for consumers, employers, insurance carriers and brokers. Benefitfocus has served more than 20 million consumers on its platform that consists of an integrated portfolio of products and services enabling clients to more efficiently shop, enroll, manage and exchange benefits information. With a user-friendly interface and consumer-centric design, the Benefitfocus Platform provides one place for consumers to access all their benefits. Benefitfocus solutions support the administration of all types of benefits including core medical, dental and other voluntary benefits plans as well as wellness programs. For more information, visit www.benefitfocus.com.
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 lack of a long-term public market for Benefitfocus' stock and potential volatility; reliance on key personnel; competition, privacy, security and other risks associated with our business; and the other risk factors set forth from time to time in our Form S-1 and other SEC filings, copies of which are available free of charge within the Investor Relations section of the Benefitfocus website at http://investor.benefitfocus.com/sec.cfm or upon request from our investor relations department. Benefitfocus assumes no obligation and does not intend to update these forward-looking statements, except as required by law.
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