Edited Transcript of BNFT earnings conference call or presentation 3-Mar-20 10:00pm GMT [Yahoo! Finance News]
Benefitfocus, Inc. (BNFT)
Last benefitfocus, inc. earnings: 3/3 04:05 pm
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US:NASDAQ Investor Relations:
investor.benefitfocus.com
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Source: Yahoo! Finance News
First, the scale of our platform is accelerating with over 25 million consumer lives on our platform. In Q4, we added over 500,000 net benefit eligible lives. The total number of net benefit eligible lives has grown to 17.3 million, representing a 30% increase in 2019. We are pleased with this growth in Q4. Our broker network continues to expand. At the end of 2019, we had over 800 premier brokers on our platform as a cost-efficient and effective distribution channel promoting Benefitfocus services and capabilities. These brokers play a key role in the recommendation and utilization of our platform. Increasingly, the scale we have achieved will be a key element of our story as the investments we have made and success of our efforts give us tremendous operating leverage. Second, our investments in benefits innovation are paying off. Our new medical carrier offering is quickly materializing. Since our last call, 3 medical carriers purchased our new quote-to-pay solution. Based on our op
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