CHARLESTON, S.C.--(BUSINESS WIRE)--Benefitfocus, Inc. (NASDAQ: BNFT), a leading provider of cloud-based benefits software solutions, announced today that The GEO Group, Inc. (NYSE: GEO) selected BENEFITFOCUS® Advanced Analytics to provide actionable healthcare data insights that can impact plan design. GEO has managed its employee benefits administration on BENEFITFOCUS® Marketplace since 2013 and will now have new tools to quickly see and report on its health plan costs, enrollment and utilization as well as employee wellness trends via the platform’s data analytics solution.
GEO is the world's leading provider of correctional, detention and community re-entry services with approximately 20,000 employees around the globe. With a large and diverse workforce focused on everything from facility design to correctional training programs to monitoring technology, GEO has been advancing its HR operations to provide an optimized employee benefits program.
“GEO is committed to the well-being of our employees and their families and will be using Benefitfocus Analytics to target leading edge trends in health, wellness, pharmacy and medical benefit utilization for employees, as measured against Johns Hopkins Advanced Clinical Group Systems,” said Senior Vice President for Human Resources, Stephen V. Fuller.
Core & Advanced Analytics was recently announced at Benefitfocus’ One Place conference and provides benefits administrators with convenient access to data that can drive strategies for cost control, compliance management and employee engagement. The system features data dashboards that provide snapshots of real-time information including health plan cost, enrollment and utilization along with trend data to help administrators determine actions necessary to improve plans and workforce health.
The system also integrates medical claims and prescription data from multiple sources for use in the BENEFITFOCUS® Plan Shopping App, so employees can compare plan costs based on their historical health data and make informed decisions on what benefits are right for them and their families.
“Harnessing the power of data can really amplify benefit performance,” said Benefitfocus CEO Shawn Jenkins. “We are excited to support GEO with an elegant solution that aggregates complex data from multiple sources and distills it into information that will help them build smarter plans and ensure that their employees are getting the most from their benefits.”
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 25 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.
About The GEO Group
The GEO Group, Inc. (NYSE: GEO) is the first fully integrated equity real estate investment trust specializing in the design, financing, development, and operation of correctional, detention, and community re-entry facilities around the globe. GEO is the world's leading provider of diversified correctional, detention, community reentry, and electronic monitoring services to government agencies worldwide with operations in the United States, Australia, South Africa, and the United Kingdom. GEO's worldwide operations include the ownership and/or management of 106 facilities totaling approximately 85,500 beds, including projects under development, with a growing workforce of approximately 20,000 professionals.
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; changes in government regulations; 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; fluctuations in our financial results; general economic risks; reliance on key personnel; our ability to compete effectively; our ability to maintain our culture and recruit and retain qualified personnel; privacy, security and other risks associated with our business; 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.