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
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BeneStream Announces Partnership with Walton Management Services

BeneStream Announces Partnership with Walton Management Services, Inc.to Bring New Cost-Savings Program to Businesses
Partnership combines Walton’s Work Opportunity Tax Credit platform      with BeneStream’s Medicaid Migration™ product
June 01, 2016 09:21 AM Eastern Daylight Time
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 . Contacts


BeneStream Announces Partnership with Walton Management Services, Inc. to Bring New Cost-Savings Program to Businesses

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BeneStream Offers Employers Help Shifting Workers To Medicaid Coverage

Stax DevCorp Portfolio Company BeneStream Secures .26MM in Series A Funding
Following Congress’s retroactive extension of the popular Work      Opportunity Tax Credit (“WOTC”), BeneStream officially unveiled its WOTChealth platform, the only      one-stop-shop for businesses to marry, for the first time, traditional      WOTC benefits and Medicaid expansion, two powerful government programs      that help businesses to increase cash flow and deliver high-quality      benefits when they hire targeted groups like veterans and food stamp      recipients. View the full release here: http://www.businesswire.com/news/home/20160108005394/en/
“For decades the federal government has offered businesses help when      hiring veterans and other target populations. The latest powerful      addition to this world is Medicaid Expansion pays the health costs for      eligible workers earning up to $33,500/year.” said Benjamin Geyerhahn,      CEO and co-founder, BeneStream. “BeneStream created WOTChealth as      a way for companies to take advantage of both of these programs at once. Combining the traditional WOTC advantages with the new opportunities      provided by Medicaid Expansion is the future for businesses that utilize      these benefits. The rest will just be leaving money on the table.”
WOTChealth is an electronic platform that integrates seamlessly      with a business's existing employee onboarding system. WOTChealth allows      BeneStream to screen its clients employees for WOTC and Medicaid      eligibility as well as CHIP ( Children ’s Health Insurance Program), food      stamps, and ACA Marketplace assistance. WOTC often saves employers from      $1,200 to $9,600 per qualifying employee and average Medicaid Migration™      savings can range from $4,000 to $10,000 per employee annually for      workers who choose Medicaid over a company plan. In addition to providing employees with less expensive and often superior      health insurance , Medicaid Migration™, as heard on National Public Radio recently , saves employers the cost of insuring qualified employees, reducing premium cost and adverse      selection by helping them access affordable, quality health coverage. An      employee in a household of four earning up to $33,500 may qualify for      Medicaid. The Work Opportunity Tax Credit targets individuals in a      similar population. Eligible individuals may include welfare and food      stamps recipients as well veterans re-entering the workforce. BeneStream continues to build partnerships with the nation’s leading      WOTC providers, including National      Tax Credit (“NTC”). NTC has seamlessly incorporated BeneSteam’s      signature product, Medicaid      Migration™ into its WOTC and state tax credit screening technology      platform, forming the backbone of WOTChealth. “WOTC providers are      innovators in folding multiple government benefits into their client      offerings and the future of WOTC processing includes offering Medicaid      screening and enrollment services,” said Geyerhahn. “We are the first to      offer this product in conjunction with our partners and we expect the      marketplace will follow.”
BeneStream is a health technology company that reduces costs for      businesses by connecting qualified employees to government benefits. NTC, an Inc. 500 Company, is a leading expert in federal and state tax      credit processing, along with green incentives and carbon credits, with      clients nationwide. 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 . View source version on businesswire.com: http://www.businesswire.com/news/home/20160108005394/en/
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BeneStream Announces FirstofitsKind WOTChealth Initiative Combining Decades Old Tax Credit Benefit with New Medicaid Expansion Benefits

BeneStream Raises $4.26M Series A
11/2/15
NEW YORK–(BUSINESS WIRE)–BeneStream today announced its Series A round of financing. BeneStream is a health technology company that connects qualified employees to government health benefits, saving their employers the cost of insuring those employees. The company raised $4.26 million from health insurance industry investors and existing investors to support anticipated demand leading up to and through the fall enrollment period. The company is currently working with more than half of the top 10 largest brokerages in the country. “Our Series A financing is led by health insurance professionals who understand the need for a product that reduces the overall cost of health insurance to businesses while increasing employee access to health benefits,” said Ben Geyerhahn, CEO and Founder. “With this round of funding, BeneStream will deepen its broker partner networks as well as begin to expand its relationships among companies that process the Work Opportunity Tax Credit (WOTC).”
BeneStream’s process moves eligible employees onto free government sponsored health insurance and is proven to deliver cost savings as a component of a healthcare package for qualified companies. The process utilizes the Medicaid expansion portion of the ACA which was designed to help employers save and provide employees with quality insurance through Medicaid enrollment. “I am thrilled to join BeneStream’s board as Chairman. Enrolling eligible workers in Medicaid will become an industry standard best practice for businesses to manage their healthcare costs. BeneStream created the market and will lead it,” said Michael Sachs, who led the Series A round with his firm TLSG Investments, LLC, and who will join and chair the BeneStream board. Sachs was co-founder of bSwift, recently acquired by Aetna, Inc., and is a veteran health care executive who brings substantial experience to the board. Sachs is a pioneer in the healthcare analytics field, founding several companies in the area, and most recently selling Sg2, LLC to MedAssets, Inc.
Sachs will join existing board members Julius Mokrauer and Kevin Hill. Mokrauer is an investment manager for Serious Change Investments LP, which led BeneStream’s Seed investment round. Hill is a former EVP of Oxford Health Plans and CEO of United Healthcare’s Northeast Division. He has served as an advisor, board member, or chairman of several VC-backed entities including Liazon, HealthPlanOne, Symbiosis Health, Picwell and CheckPointHR. BeneStream provides a powerful government incentive to businesses, lowering burdensome healthcare costs and providing risk mitigation to spur new job creation. In addition to its existing sales channel, BeneStream has identified significant synergies between its Medicaid Migration™ product and the utilization of federal and state hiring incentives for employers. Accordingly, the company is investing in partnerships with Human Capital Management providers who administer WOTC, a federal tax credit designed to encourage employers to hire targeted populations including veterans and low-income individuals who participate in the Temporary Assistance for Needy Families (TANF) and the Supplemental Nutrition Assistance Program (SNAP). The lead investor in the Series A round is TLSG Investments, LLC. Other Series A investors include Kapor Capital and Relativity Healthcare Partners as well as seed investors Serious Change, LP, Kevin Hill, Martin Babinec, and George V. Duczak. A complete list of BeneStream’s board members can be found at http://benestream.com/about/. 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. BeneStream’s founders launched the business with a grant from the Ford Foundation and with support from Stax Inc.’s Dev Co. With this support the company developed its value proposition and core business model in time to meet the demand created by full implementation of the Affordable Care Act. Stories you Need to Know
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BeneStream Raises $4.26M Series A

Walton Management Services (WMS) delivers a tax credits platform that screens employees to determine tax credit eligibility. It is based in Eatontown, New Jersey.

Walton Management Services

NEW YORK -- -- BeneStream today announced a partnership with Walton Management Services , a leading provider of tax credit and incentives consulting services .

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HR Tech

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

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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.

Name	Title	Status
Benjamin Geyerhahn	Chief Executive Officer	Current
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