HealthEquity Inc (HealthEquity) is a healthcare service provider that offers health savings management services. The company provides integrated health accounts such as health savings accounts, health reimbursement arrangements, flexible spending accounts for health plans and health incentive accounts. HealthEquity also offers benefit advisory services, financial advisory services, COBRA administration solutions, direct billing services and employee retirement income plans, among others. The company provides a supported health account solution to its members with medical and pharmacy claims. It serves individuals and businesses. HealthEquity is headquartered in Draper, Utah, the US.
Headquarters
United States of America
Address
15 W Scenic Pointe Dr Ste 100, Draper, Utah, 84020-6120
Website
healthequity.com
Telephone
1 801 7271000
No of Employees
3,170
Industry
Financial Services
Ticker Symbol & Exchange
HQY (NASD)
Revenue (2023)
$861.7M
13.9%
(2023 vs 2022)
EPS
XYZ
Net Income (2023)
XYZ
41%
(2023 vs 2022)
Market Cap*
$6.9B
Net Profit Margin (2023)
XYZ
48.2%
(2023 vs 2022)
* As of and is in US$
HealthEquity Inc premium industry data and analytics
Products and Services
| Products | Services |
|---|---|
| Health Savings Accounts | Health Savings Management Services |
| Flexible Spending Account | COBRA Administration Solutions |
| Health Reimbursement Arrangements | Financial Advisory Solutions |
| XYZ | |
| XYZ | |
| XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2023 | Contracts/Agreements | In September, the company entered into an agreement to acquire BenefitWallet HSA Portfolio from Conduent. |
| 2023 | Contracts/Agreements | In April, the company entered into a partnership with Microsoft to modernize healthcare benefits administration through Microsoft Azure. |
| 2022 | Acquisitions/Mergers/Takeovers | In March, the company acquired the US-based Health Savings Administrators, L.L.C. |
Competitor Comparison
| Key Parameters | HealthEquity Inc | UnitedHealth Group Inc | Prudential Financial Inc | U-Haul Holding Co | IMPAC Mortgage Holdings Inc |
|---|---|---|---|---|---|
| Headquarters | United States of America | United States of America | United States of America | United States of America | United States of America |
| City | Draper | Hopkins | Newark | Reno | Newport Beach |
| State/Province | Utah | Minnesota | New Jersey | Nevada | California |
| No. of Employees | 3,170 | 400,000 | 39,854 | 17,901 | 98 |
| Entity Type | Public | Public | Public | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Stephen D. Neeleman, MD | Vice Chairman | Executive Board | 2014 | 55 |
| Jon Kessler | President; Chief Executive Officer; Director | Executive Board | 2009 | 55 |
| James M. Lucania | Executive Vice President; Chief Financial Officer | Senior Management | 2023 | - |
| Eli Rosner | Chief Technology Officer; Executive Vice President | Senior Management | - | - |
| Tia Padia | Chief Marketing Officer; Executive Vice President | Senior Management | - | - |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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