FACILITIES; Benefitfocus announces major expansion
Benefitfocus, a provider of software and services for the healthcare benefits market, will hold a ribbon-cutting ceremony for its new international corporate headquarters located in Charleston, South Carolina on Daniel Island.
Joining the Benefitfocus staff will be South Carolina Governor Mark Sanford and M. Edward Sellers, president and CEO of Blue Cross and Blue Shield of South Carolina. The new state-of-the- art 140,000 square foot facility is the result of a 25 million dollar capital investment.
The new Benefitfocus headquarters will be home to the 300 current Benefitfocus Associates. In addition, 300 new high technology positions are expected to be filled within the next 36 months. Job opportunities range in scope from software development and engineering positions to customer relationship and project management opportunities.
The facility was completed in 9.5 months, one of the fastest commercial builds in Charleston. In keeping with that spirit, the move went quickly too. "We accomplished a zero down time move," said Mason Holland, chairman of the board for Benefitfocus. "We started at 6:01 pm on Friday and the move was complete at noon on Saturday. We were up and running at 100% on Monday morning with no impact on customer service and a first class facility for our fantastic staff."
"Our list of clients is growing rapidly," said Shawn Jenkins, president and CEO of Benefitfocus. "In order to keep up with the explosive demand for technology in the healthcare industry, we will need to continue to expand our highly-skilled workforce of engineering and technology associates. Our goal is to continue to drive technology innovation and opportunity in South Carolina."
Benefitfocus' client list includes premier national and international corporations in all fifty U.S. states, Puerto Rico and 26 countries. It touches 40 million lives and serves 89,000 corporate clients and 22 health plans. Benefitfocus has a large concentration of health insurance partners in the Southeast and the Midwest. In 2005 and 2006, Benefitfocus has expanded its health plan network by developing partnerships with large national insurance plans in the northeastern and western United States.
These companies use Benefitfocus technology to streamline the administration of healthcare. The technology allows consumers, employers and benefit providers to manage complex decisions in an ever-changing healthcare environment. Benefitfocus currently offers five products designed to streamline healthcare benefits management for individual consumers, employers, health plans, financial institutions and brokers. Benefitfocus products can be purchased separately but together form an integrated suite offering an end-to-end healthcare benefit management solution.
The coming months promise to be very exciting and rewarding time for Benefitfocus. "We have experienced tremendous growth since our founding in 2000 and we've been recognized as the fastest growing technology company in our state," said Jenkins.
Benefitfocus has officially been recognized as the fastest growing technology company in the state as well as one of the most dynamic in the United States. The South Carolina Technology Alliance databases and technology records, as well as other state economic development databases available to SCTA, support this top ranking.
This article was prepared by Health Insurance Law Week editors from staff and other reports. Copyright 2006, Health Insurance Law Week via NewsRx.com.