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HealthEquity: Navigating Health Accounts
09/05/2014 7:00 am EST
This featured small-cap stock is a leader and an innovator in the high growth category of technology-enabled services platforms that empower consumers to make healthcare saving and spending decisions, explains Jim Oberweis, editor The Oberweis Report.
HealthEquity (HQY) offers a platform that provides an ecosystem where consumers can access their tax-advantaged healthcare savings.
Consumers can then compare treatment options and pricing, evaluate and pay healthcare bills, receive personalized benefit and clinical information, and make educated investment choices to grow their tax-advantaged healthcare savings.
The core of their ecosystem is the Health Savings Account, or HSA, a financial account through which consumers spend and save long-term for healthcare on a tax-advantaged basis.
The company is the integrated HSA platform for 20 of the 50 largest health plans in the country and more than 25,000 employer clients, including industry leaders such as American Express Company, Dow Corning Corporation, Google, Inc., and Kohl’s Corporation.
In the company’s latest reported first fiscal quarter, sales increased approximately 38% to $20.2 million from $14.6 million in the first quarter of last year.
HealthEquity grew net income 54% in the latest first quarter to $2.7 million versus $1.7 million in the same quarter of last year.
Clients of Oberweis Asset Management own approximately 244,000 shares. These shares may be appropriate for risk oriented investors.
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