Patrick McNamee - Benefytt Technologies CEO and President and Director

CEO

Mr. Patrick R. McNamee is President Chief Executive Officer Director of the Company. Mr. McNamee served as Executive Vice President and Chief Operating Officer of Express Scripts Holding Company a pharmacy benefit management company from February 2007 until March 2014. As Executive Vice President and Chief Operating Officer of Express Scripps he was responsible for overseeing all pharmacies call centers information technology client administration quality member engagement and clinical operations. He joined Express Scripts in 2005 as Senior Vice President and Chief Information Officer expanding his role to EVPChief Operating Officer in 2007. Prior to joining Express Scripts Mr. McNamee worked for Misys Healthcare Systems a healthcare technology company as President Physician Systems from September 2003 to February 2005 since 2015.
Age 55
Tenure 9 years
Phone813 397-1187
Webwww.hiiquote.com
McNamee was employed by various subsidiaries of General Electric Corporationration from July 1989 to September 2003, including as President and Chief Executive Officer, GE Surgery, GE Medical Systems, from July 2002 to September 2003; Chief Information Officer and Chief Quality Officer, NBC, from March 2001 to July 2002; Chief Information Officer and General Manager of eBusiness, GE Transportation Systems, from March 1999 to March 2001; Chief Information Officer, GE Power Plants, from March 1997 to March 1999; and Global Product Manager, Radiology Information Systems, GE Medical, from 1993 through 1997. He currently serves on the board of directors of Valitàs Health Services, Inc. and the board of directors of HD Supply Holdings, Inc., a publiclytraded company. He attended Marquette University and holds a bachelor’s degree in biomedical engineering and a master’s degree in electrical engineering.

Benefytt Technologies Management Efficiency

The company has return on total asset (ROA) of 0.059 % which means that it generated a profit of $0.059 on every $100 spent on assets. This is way below average. Similarly, it shows a return on stockholder's equity (ROE) of 0.31 %, meaning that it created $0.31 on every $100 dollars invested by stockholders. Benefytt Technologies' management efficiency ratios could be used to measure how well Benefytt Technologies manages its routine affairs as well as how well it operates its assets and liabilities.
The company currently holds 179.09 M in liabilities with Debt to Equity (D/E) ratio of 127.9, indicating the company may have difficulties to generate enough cash to satisfy its financial obligations. Benefytt Technologies has a current ratio of 1.67, which is within standard range for the sector. Debt can assist Benefytt Technologies until it has trouble settling it off, either with new capital or with free cash flow. So, Benefytt Technologies' shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Benefytt Technologies sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Benefytt to invest in growth at high rates of return. When we think about Benefytt Technologies' use of debt, we should always consider it together with cash and equity.

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Benefytt Technologies, Inc., a health insurance technology company, primarily engages in the development and operation of private e-commerce health insurance marketplaces, consumer engagement platforms, agency technology systems, and insurance policy administration platforms. The company was formerly known as Health Insurance Innovations, Inc. and changed its name to Benefytt Technologies, Inc. in March 2020. Health Insurance operates under Health Care Plans classification in USA and is traded on NASDAQ General Markets. It employs 342 people. Benefytt Technologies (HIIQ) is traded on NASDAQ Exchange in USA and employs 342 people.

Management Performance

Benefytt Technologies Leadership Team

Elected by the shareholders, the Benefytt Technologies' board of directors comprises two types of representatives: Benefytt Technologies inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Benefytt. The board's role is to monitor Benefytt Technologies' management team and ensure that shareholders' interests are well served. Benefytt Technologies' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Benefytt Technologies' outside directors are responsible for providing unbiased perspectives on the board's policies.
Lori Kosloske, Chief Broker Compliance Officer
Bruce Telkamp, COO and Director
Josef Denother, COO
Paul Gabos, Director
John Fichthorn, Independent Director
Paul Avery, Lead Director
Michael Hershberger, CFO, Treasurer and Secretary
Robert Murley, Independent Director
Michael Kosloske, Founder, Executive Chairman and Chief of Product Innovation
Patrick McNamee, CEO and President and Director
Anthony Barkett, Independent Director
Gavin Southwell, President CEO, Director
Michael Petrizzo, Executive VP, General Counsel and Secretary
Sheldon Wang, CTO and Director

Benefytt Stock Performance Indicators

The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is Benefytt Technologies a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Benefytt Technologies in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Benefytt Technologies' short interest history, or implied volatility extrapolated from Benefytt Technologies options trading.

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Other Consideration for investing in Benefytt Stock

If you are still planning to invest in Benefytt Technologies check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Benefytt Technologies' history and understand the potential risks before investing.
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