PlanSource Acquires Next Generation Enrollment
ORLANDO, Fla., Jan. 25, 2017 /PRNewswire/ -- PlanSource, a leading provider of cloud-based benefits and HR software, announced today that it has acquired Next Generation Enrollment, a leading provider of benefits administration services. The combination gives employers of all sizes a single source of software and services for benefits shopping, enrollment, billing, compliance and administration.
Next Generation Enrollment offers services to help automate the process of employee benefits administration, including total benefits outsourcing, call centers, ACA services, billing reconciliation and payment, employee communications, dependent eligibility audits and COBRA and consumer-driven health care account administration. The Ada, Michigan-based company has roughly 900 clients ranging from 50 to 35,000 employees.
"This is a big win for our customers and their employees," said Bradley Taylor, Founder and CEO of Next Generation Enrollment. "We have always focused on the employee experience to ensure that they have the knowledge and services needed to make informed benefits decisions. Together, PlanSource and Next Generation Enrollment have the tools, software and services to help organizations empower their employees with a great benefits experience."
A complete benefits and HCM system
The PlanSource system features an intuitive, configurable employee experience for benefits shopping and enrollment, with educational content, plan recommendations and decision support. For Human Resources teams, PlanSource provides a robust administration experience that includes ACA measurement, reporting and data exchange with leading insurance carriers. By partnering with leading technology and service providers such as Next Generation Enrollment, PlanSource offers a comprehensive solutions for all aspects of human capital mnagement.
"We've worked with Next Generation Enrollment for many years and I have always admired their focus on customer service and ability to give employees a great benefits experience," said Dayne Williams, CEO of PlanSource. "I've seen firsthand how well they work with our joint clients and understand why they have such a stellar reputation. Together, we are going to do great things. We'll be able to serve the industry better than ever and provide a truly complete benefits offering."
A history of innovation and service
Next Generation Enrollment was founded in 2004 by Bradley Taylor, whose vision was to provide the same level of benefits administration services to small and medium-size employers as was available to large employers. The company quickly gained a reputation for innovative technology and services. It has had a rapid growth trajectory, and in 2016 was named an Inc. 5000 fastest-growing company, marking the third time the company has been featured by Inc.
Next Generation Enrollment serves clients nationwide with offices in Michigan, Virginia and Nevada. In 2011, the company partnered with PlanSource to replace its proprietary benefits enrollment system and has since been an official reseller. PlanSource and Next Generation Enrollment have more than 300 clients in common.
"Next Generation Enrollment and PlanSource have each provided excellent support for Learning Care Group as we've worked to ensure comprehensive, high-quality benefit choices for our employees," said Phil Dobias, Vice President, HR Programs & Services at Learning Care Group, the second-largest, for-profit early education and childcare provider in North America. "We look forward to what they will be able to accomplish as one company."
Today's announcement comes after an extended period of growth for PlanSource, which has included the acquisition of ClearBenefits in early 2015, a capital infusion of $70 million, double-digit revenue growth and multiple strategic partnerships with leading insurance carriers and technology companies.
"Benefit Technology Resources is excited to hear that PlanSource is acquiring Next Generation Enrollment," said Jamie Hawkins, President and CEO of Benefit Technology Resources. "We find that employers are now expecting outsourcing services such as call center and dependent verification more frequently so this transaction gives companies access to both benefits technology and services in one place."
The transaction closed on Friday, January 20, 2017 and the two entities are working diligently to ensure a successful transition. In the near term, customers and partners can expect to interact with each company as they always have.
PlanSource is a technology company driven to create a better benefits and HR experience for employers and their employees. By offering flexible and intuitive software for benefits administration, insurance exchanges and human capital management, PlanSource's complete cloud-based technology helps nearly 10,000 employers and 3.5 million consumers with benefits shopping, enrollment, billing, compliance and administration. Learn more at www.plansource.com.
PlanSource is a registered trademark of PlanSource, Inc., and PlanSource owns other registered and unregistered trademarks. Other names used herein may be trademarks of their respective owners.
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