Benefitfocus
Benefitfocus, Inc. is a provider of a cloud-based benefits management platform that serves consumers, employers, insurance brokers, carriers, and suppliers primarily in the United States. Founded in 2000 and headquartered in Charleston, South Carolina, the company offers a suite of products designed to streamline benefits enrollment and administration. Its offerings for insurance carriers include solutions for automating enrollment, invoicing, and managing accounts. For employers, Benefitfocus provides tools for online enrollment, data analytics, compliance management, and billing synchronization. The platform supports various core benefits plans such as health, dental, life, and disability insurance. Benefitfocus also features a marketplace that connects various stakeholders in the benefits ecosystem. The company operates on a subscription model, generating revenue primarily through annual contracts with employers and multi-year agreements with insurance carriers, facilitating efficient management of benefits for over 20 million consumers.
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Tango Health
Acquisition in 2021
Tango Health, Inc. is a company that specializes in web-based services designed to enhance consumer-directed healthcare. Its primary focus is on providing a Health Savings Account (HSA) management platform that assists both employers and employees in optimizing their health insurance savings. By addressing the significant financial loss associated with HSA under-use, Tango Health aims to improve the overall benefits experience. The company collaborates with financial institutions, benefits brokers, consultants, and carriers to strategically enhance their service offerings. In addition to HSA management, Tango Health also provides reporting and compliance, benefits management, and decision support software, further supporting organizations in delivering effective benefits to their employees.
Benefit Informatics
Acquisition in 2010
Benefit Informatics is a company that specializes in the planning, management, and analysis of employee benefit plans. It offers a customizable benefits enrollment and administration platform designed for employers and insurance carriers, facilitating processes such as shopping for benefits and enrollment. Additionally, the company provides healthcare data integration and reporting services, enabling organizations to analyze and manage their healthcare costs effectively. By leveraging advanced software solutions, Benefit Informatics helps clients streamline their benefits administration while maintaining a focus on cost control and efficiency in employee benefits management.
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