Company Research Report: Businessolver

Company Overview

• Name: Businessolver

• Mission of the Company: Grow business and delight clients by creating innovative technology to drive transformation in the healthcare ecosystem, transforming "annual enrollment events" into personalized, year-round benefits journeys.

• Founded: Information not provided

• Founders: Information not provided

• Key People:

• Jon Shanahan, President and CEO

• Derrick Barker, Chief Financial Officer

• Jeff Mortland, Chief Sales Officer

• George Lo, Chief Technology Officer

• Rae Shanahan, Chief Strategy Officer

• Allison Wallace, Chief Legal Officer

• Don Smith, Chief Delivery Officer

• Marcy Klipfel, Chief Engagement Officer

• Carey Mckenzie, Chief Client Officer

• Headquarters: Information not provided

• Number of Employees: Information not provided

• Revenue: Information not provided

• What is the Company Known For: Businessolver is known for its technology solutions that enhance the total healthcare and benefits experience for year-round engagement.

Products

• Benefits Technology:

• SaaS-based platform that facilitates benefits enrollment and administration.

• Features include a configurable enrollment system, integration with Sofia(SM) — an AI benefits assistant, and omni-channel engagement options for year-round communication.

• Consumer Accounts Technology:

• Technology designed to manage health and wealth programs, providing a comprehensive understanding of benefits and compensation.

• Integrated Offerings:

• Combines disparate systems for a seamless employee experience through a single platform that offers complete visibility and engagement with benefits programs.

• AI and Machine Learning:

• AI-driven decision support embedded within benefits enrollment processes for a personalized and empathetic service experience.

Recent Developments

• New Products Launched:

• Service innovations for unmatched employee support.

• MyChoice® Accounts upgrades, with new control avenues for employees' dollars.

• New Features Added:

• Enhancements to the MyChoice® Accounts for better financial management.

• New AI-powered supports to drive empathetic, personal engagement.

• Partnerships:

• Businessolver announced as a founding partner of TGL presented by SoFi.

• Strategic integration with Benefex to provide a complete benefits solution globally.

Additional Highlights

• State of Workplace Empathy: The 2024 study reveals demand for workplace empathy is not met with expected implementation, impacting mental health and performance.

• Investment in Innovation: Businessolver emphasizes continuous development in technology, notably AI-driven benefactions and weekly functionality upgrades.

Community Engagement

• The Businessolver Foundation:

• Focused on DEIB, mental health, and STEM education, donating over $1 million and 7,000 volunteer hours to causes.

• Three Pillars: Mental Health, STEM and Career Education, Diversity, Equity, Inclusion, and Belonging.