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benestream.com

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Founded Year

2013

Stage

Acquired | Acquired

Total Raised

$10.48M

About BeneStream

BeneStream offers programs that ensure employees receive government benefits to which they are entitled like food stamps, Medicaid and Child Health Plus.On December 18, 2019, BeneStream was acquired by WBF. The terms of the transaction were not disclosed.

BeneStream Headquarter Location

220 East 23rd Street Suite 605

New York, New York, 10010,

United States

212-231-9720

Latest BeneStream News

BeneStream Announces Partnership with Walton Management Services

Jun 2, 2016

BeneStream Announces Partnership with Walton Management Services 6/1/16 NEW YORK--( BUSINESS WIRE )-- BeneStream today announced a partnership with Walton Management Services , a leading provider of tax credit and incentives consulting services. This relationship will enable the seamless incorporation of BeneStream’s signature product, Medicaid Migration™ into Walton’s award-winning Work Opportunity Tax Credit (“WOTC”) screening technology platform. BeneStream is a health technology company that reduces costs for businesses by connecting qualified employees to government benefits including Medicaid for the Workplace and CHIP . Walton identifies, secures, and administers Federal and State tax credit and incentive (“TCI”) opportunities for businesses of ranging from Fortune 50 corporations to promising new ventures. “Our goal is to help our clients maximize the myriad of tax credit, and discretionary and statutory incentive opportunities afforded by the federal, state, and local governments, to encourage their growth and success,” said Phil Ownbey, Walton Management Services. “We are committed to working with best-in-class industry leaders and BeneStream’s Medicaid Migration™ is the type of innovative product that Walton is proud to bring to our clients and integrate with our products.” “Businesses should think of WOTC and Medicaid as complementary benefits since they impact similar groups of employees. Walton is a driving force within the WOTC industry and we are excited to combine our efforts to benefit businesses everywhere. Our product reduces costs for our clients while lowering turnover and providing quality benefits to employees," said Ben Geyerhahn, CEO of BeneStream. Medicaid Migration™ saves employers the cost of insuring qualified employees by helping them access affordable, quality health coverage. An employee in a household of four earning up to $33,500 may qualify for Medicaid. WOTC targets individuals in a similar population. Eligible individuals may include welfare and food stamps recipients as well as veterans re-entering the workforce. By integrating Medicaid screening questions into its WOTC platform, Walton can easily screen and identify candidates who qualify for WOTC as well as for potential health insurance through Medicaid. Walton’s WOTC screening solutions save employers up to $9,600 per eligible employee, and average Medicaid Migration™ savings can range from $4,000 to $10,000 per employee annually. ABOUT BENESTREAM—The Medicaid Migration Company™ BeneStream provides businesses with innovative, cost-saving products and services by connecting their qualified employees to government benefits. The company's exclusive product, Medicaid Migration™, delivers proven savings to employers by moving qualified employees onto free government-sponsored health insurance. Watch BeneStream’s explainer video here . ABOUT WALTON MANAGEMENT SERVICES, INC. Walton Management Services, Inc. delivers the most advanced tax credits screening solution to employers across all industries. Unlike other providers, Walton has successfully maintained a sole focus on tax credits and incentives for over thirty-five years, delivering unparalleled tax savings using state-of-the-art integrated technology. Walton’s WOTC technology platform was recently named as one of the Top 10 emerging technologies by the American Staffing Association. For more information, visit www.waltonmgt.com . Stories you Need to Know Stories you Need to Know It's on us. Share your news here.

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Expert Collections containing BeneStream

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

BeneStream is included in 5 Expert Collections, including HR Tech.

H

HR Tech

3,838 items

HR tech startups are helping companies manage critical pain points in HR processes such as recruitment, automation, career development, compensation, and benefits management, through a mix of software and services.

H

HR Tech Top Investors

85 items

U

US HR Tech Startups

289 items

I

InsurTech

1,635 items

Companies and startups that use of technology to improve core and ancillary insurance operations. Companies in this collection are creating new product architectures, improving underwriting models, accelerating claims and creating a better customer experience

F

Fintech

26,163 items

US-based companies

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