Healthequity Inc

F:2HE

Business Description

Sector

Health Care

Industry

Health Care

Headquarters

United States of America US

Employees

2 814

IPO date

Jul 31, 2014

Healthequity helps employers and their workers manage health savings accounts and other tax-advantaged healthcare spending accounts. It provides the account administration, recordkeeping, debit cards, online tools, and payment processing that let people save for medical expenses and pay eligible bills. It also offers ways to invest balances once they grow large enough, usually through partner investment platforms.

Its main customers are employers, health plans, benefits brokers, and individual account holders who need a simple way to manage healthcare money. Employers and benefits partners use Healthequity’s system to offer these accounts as part of employee benefits, while workers use it to pay for care, track claims, and invest unused funds. The company makes money mainly from administration and service fees, plus asset-based and transaction-related fees tied to account activity.

What makes Healthequity different is its role as the financial backbone for consumer-directed healthcare accounts. It sits between the employer, the employee, the health plan, and the payment network, making a complicated set of tax and payment rules easier to use. In simple terms, it sells the infrastructure that keeps these accounts compliant, usable, and connected to everyday healthcare spending.