HealthEquity Inc HQY

HealthEquity Inc is an American healthcare company that is designated as a non-bank health savings trustee by the IRS. The company is based in Draper, Utah, and was founded in 2002. The firm’s founder Steven Neeleman has been working since 1996 to help Americans who struggle with meeting and managing healthcare costs. The firm serves a nationwide audience with customers across the US.

The firm offers technology that allows consumers to make healthcare saving and spending decisions, managing their healthcare through one easily accessed digital channel. The platform lets clients access healthcare savings accounts (HSAs), compare prices and treatment options, pay healthcare bills, access health information, earn wellness incentives, and make well-informed choices that will enable them to grow their healthcare savings.

The firm’s platform has the capability to integrate with any healthcare plan or banking institution. It administers HSAs and other consumer-direct benefits for more than 12,000 customers. The company also provides healthcare solutions for employers, having acquired WageWorks in 2019, which allows it to offer a wide range of benefits to employers in a broad range of markets. HealthEquity Inc is listed on the NASDAQ and trades under the ticker HQY.

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