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Benefitfocus
At Benefitfocus, a Voya Financial business, our mission is simple: To improve lives with benefits. We are committed to helping organizations, and the people...
Benefitfocus
At Benefitfocus, a Voya Financial business, our mission is simple: To improve lives with benefits. We are committed to helping organizations, and the people they serve, get the most out of their health care and benefit programs. Through exceptional service and innovative benefits administration technology we help simplify the complexity of benefits and deliver an experience that engages people for better health and improved outcomes.
General information
Firm type
other
Location
Region
North America
Country
United States
City
Charleston
Corporate office
Charleston, United States
Sector focus
Frequently asked questions
Who owns Benefitfocus?
Benefitfocus is owned by Thoma Bravo, a private equity firm that acquired the company in 2022. It was previously a public company listed on the Nasdaq. The acquisition took the firm private, and it now operates as a portfolio company within Thoma Bravo's enterprise software holdings.
What does Benefitfocus' software do?
Benefitfocus provides a cloud-based platform for benefits administration, including enrollment, billing, and compliance. It serves both employers and health plans, offering data analytics to help manage health care costs. The software covers medical, dental, vision, and voluntary benefits.
Who are Benefitfocus' main competitors?
Competitors include companies like Alight Solutions, Workday, and ADP in the benefits administration space. Benefitfocus differentiates by focusing specifically on health plan connectivity and data-driven cost reduction, rather than broader HR functions.
Does Benefitfocus operate in markets outside the US?
Based on available public information, Benefitfocus focuses on the US market. Its website and content reference US-specific health care cost trends and employer practices. No international offices or operations have been disclosed.
How large is Benefitfocus in terms of revenue or members?
Benefitfocus has not publicly disclosed current revenue or member counts since going private in 2022. Prior to the acquisition, it served millions of consumers through employer and health-plan clients. Specific figures are no longer available in public filings.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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