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San Diego, CA - February 15, 2000 – Hawthorne Benefit Technologies announced today that its leading program for online benefits tracking, BeneTrac (www.benetrac.com), will now be available nationally. Launched as one of the first products of its kind in California, BeneTrac now offers a complete Internet-based solution for benefits management needs nationwide. BeneTrac is available through insurance brokers and benefits consultants.
"BeneTrac has been successfully deployed in California, satisfying the benefits administration needs of thousands of employees. We have seen our momentum increase to the point where embarking on a national launch is the next logical step. Our goal of developing a paperless benefits administration program is now a reality," said Jerry Hawthorne, chief executive officer of Hawthorne Benefit Technologies, Inc.
In its first year of operation, the company has significantly increased its brokerage distribution. In California alone, the company has relationships with major carriers that include Blue Shield of California, Health Net, CIGNA, Prudential, Ameritas, MaxiCare, Sharp Health Plan, Pacificare and numerous others. The company has increased its base of billable employees by 324%, now servicing an employee base of significant proportions. Average weekly enrollment transactions increased 853% for the last six months of 2000, according to company officials.
BeneTrac offers a highly flexible and scalable architecture that can be easily configured to any company's needs. BeneTrac's secure ASP enables personnel managers to accomplish the following tasks online:
"Perhaps most importantly, BeneTrac is affordably priced and easy to implement. The product is easily used by people who have very little computer experience," Hawthorne adds.
Hawthorne Benefit Technologies was one of the first companies to offer a B-to-B real-time online employee benefits administration and tracking solution (BeneTrac) for human resource managers. Hawthorne Benefit Technologies also pioneered an ASP for insurance brokers (BeneQuote) that provides online quotes from a variety of insurance carriers. As a subscriber to BeneQuote, brokers can instantly obtain information on group programs. Established in 1999, Hawthorne Benefits Technologies is privately held and headquartered in California. With a management team that collectively has more than 75 years of insurance industry experience, the technology solutions from Hawthorne are designed to combine the efficiencies of the Internet with established insurance distribution models to reduce paperwork and supply accurate, up-to-the-minute employee benefit information within organizations. Both products have received widespread industry adoption, including participation by the leading insurers and brokerage firms. For more information on either BeneTrac or BeneQuote, please contact Hawthorne Benefit Technologies directly at 877-645-4342 (toll free), or write to them at 2251 San Diego Avenue, Suite A-150, San Diego, CA 92110, www.benetrac.com
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