CHARLESTON, S.C., Sept. 17, 2014 /PRNewswire/ -- Benefitfocus, Inc. (NASDAQ: BNFT), a leading provider of cloud-based benefits software solutions, today announced that Kootenai Health has selected the Benefitfocus HR INTOUCH MARKETPLACE® to support benefit enrollment and employee engagement for the company's workforce of more than 2,500 employees. Kootenai Health provides a comprehensive range of medical services to patients across several facilities in Idaho, eastern Washington and the inland Northwest including its main campus in Coeur d'Alene, ID. HR INTOUCH MARKETPLACE consolidates benefits-related information within a centralized portal that is accessible from any web-enabled device, allowing Kootenai Health to offer employees a more convenient way to shop for, and enroll in their benefits.
HR INTOUCH MARKETPLACE transforms the enrollment experience into a Guided Shopping workflow that provides employees with plan recommendations based on historical and expected utilization. Plan comparison tools, educational videos and virtual assistants are incorporated into the portal, helping employees navigate enrollment and focus on selecting the benefits that best meet their individual needs.
With established data exchange connections, Benefitfocus seamlessly transmits data between HR INTOUCH MARKETPLACE, insurance carriers and payroll systems to streamline the enrollment process. Kootenai Health will also leverage the flexible reporting tools available through the portal to track employee activity, measure participation rates and monitor enrollment data. This provides the company with a greater understanding of how its employees are using the portal and what changes could be made to drive participation in plans that are more cost-effective for the employee and organization.
"Benefitfocus offers a higher level of customization and interaction that we need in order to improve the enrollment experience," said Koko Brockhoff, Compensation and Benefits Manager at Kootenai Health. "We believe the portal's suite of administration and communication tools will help us deliver a more effective message to get our employees in the right plans while creating efficiency for the benefits team."
In addition, the Self-Service Total Compensation App offers Kootenai Health the ability to create a Total Compensation App with custom copy, images and benefits data, giving employees insight into the value their employer provides them beyond a paycheck.
"Kootenai Health demonstrates its dedication to patient-focused care by equipping them with the knowledge and tools to make the best decisions for their health," said Benefitfocus President and CEO Shawn Jenkins. "At Benefitfocus, we are committed to designing technologies that enable smarter decision-making and create a better benefits experience for both employers and consumers."
Kootenai Health plans to go live in the Benefitfocus Cloud in time for its open enrollment this fall.
About Kootenai Health
Kootenai Health provides a comprehensive range of medical services to patients in north Idaho, eastern Washington, Montana and the Inland Northwest at several facility locations. The main campus at Kootenai Health is located in Coeur d'Alene, Idaho and includes a 254-bed community-owned hospital. For more information, visit kh.org.
About Benefitfocus
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 23 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 need to innovate and provide useful products and services; the immature and volatile nature of the market for our products and services and other factors that could impact our anticipated growth; management of growth; our ability to compete effectively; reliance on key personnel; our ability to maintain our culture and recruit and retain qualified personnel; changes in government regulations; privacy, security and other risks associated with our business; fluctuations in our financial results; general economic risks; and the other risk factors set forth from time to time in our 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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SOURCE Benefitfocus, Inc.
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