Benefitfocus, a healthcare and volunteer benefits software provider, has acquired Benefits Informatics Inc., an Oklahoma-based benefit information management company and data analytics technology and services provider, in a transaction is designed to add claims data analytics, data warehousing, trending, forecasting and financial analysis to the Benefitfocus Platform. The acquisition will add 2.7 million members to the Benefitfocus Platform membership base. Benefit Informatics will continue to run under its current management.
Benefitfocus’ technology, which follows the Software-as-a-Service (SaaS) model, is designed for CFOs, benefit administrators, human resource managers and their consultants. The program is designed to predict increases in claims and pharmacy expenses, audit for fraud, and allow users to pare down plans from the overall health plan level to the individual member explanation of benefits (EOB) level.
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