BNFT - Benefitfocus Inc: Its Business Isn't Scaling Management Is Turning Over And Strategic Investors Are Selling
Benefitfocus Inc. (BNFT) is a provider of cloud-based benefit solutions for consumers, employers, carriers, suppliers and brokers in the United States. Employee benefits can often be a very complex and administrative process for everyone involved. By bringing more choices together in one place, they should be able to offer great selection and options to tailor to the end customers, employers and employees. Benefitfocus serves as the middle man, taking commissions or a percentage of premiums for its efforts from the carriers and suppliers:
Source: Company Presentation, December 2018
As of 2018, the Company