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Posted November 25 , 2021

 

CHARLESTON, S.C., Nov. 17, 2021 (GLOBE NEWSWIRE) -- Today Benefitfocus, Inc. (NASDAQ: BNFT), an industry-leading benefits technology platform that simplifies benefits administration for employers, health plans and brokers, announced it has acquired Tango Health, an innovative software and services company offering Affordable Care Act (ACA) compliance and benefit decision support solutions. The acquisition of Tango Health enables Benefitfocus to offer its customers a best-in-class ACA compliance and reporting solution.

“The burden on employers is greater than ever as the health care industry continues to evolve and compliance requirements become increasingly complex and costly for employers to manage. We are committed to helping our customers manage these complexities through comprehensive administrative capabilities underpinned with service excellence,” said Matt Levin, president and CEO of Benefitfocus. “Consistent with our strategy to strengthen the foundation of our core offerings, the acquisition of Tango Health enables us to offer our customers an industry-leading ACA compliance and reporting solution to complement their overall benefits strategy. We are excited to extend this best-in-class solution to our customers and welcome this accomplished and experienced team to the Benefitfocus family.”

“In addition to being a market leader for ACA compliance and reporting, Tango Health also brings promising decision support, benefits communication and engagement capabilities,” said Tina Provancal, Chief Strategy Officer of Benefitfocus. “Their solutions empower employees to make more informed plan decisions and increase their benefits utilization, which in turn has been proven to lower costs for employers and their employees. These capabilities fit squarely into our longer-term roadmap, and we're excited about the potential to increase employee engagement while helping our joint customers earn a better yield on their health care investment.”

Founded in 2008 and based in Austin, Texas, Tango Health serves top brands, academic institutions, large hospital systems, and Fortune 500 companies such as, SCL Health, Teva Pharmaceuticals, The Michaels Organization, Turner Industries, the University of Massachusetts Medical Center, the University of North Texas, and the University of Rochester, all of which trust Tango Health to successfully meet their open enrollment and ACA compliance goals.

 

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