HealthEquity empowers Americans to build health savings for life through Health Savings Accounts (HSAs). Established in 2002 with the aim of transforming healthcare by helping Americans better save and spend their health care dollars, HealthEquity’s 3.5 million members at the end of its most recent fiscal quarter make it the largest independent HSA custodian nationwide. HealthEquity is headquartered in Draper, Utah, in the Salt Lake Valley. It is a public company with stock traded under the symbol HQY. HealthEquity has established an enviable record of shareholder value creation since its initial public offering in 2014 by consistently delivering on its commitments to rapid growth, rising profitability and demonstrable competitive advantage.
Vision and Mission
With consumers shouldering more first-dollar responsibility for their medical costs, our mission is to give every American family an HSA and the support to spend and save wisely, and in doing so, to save American healthcare, by giving the healthcare system the incentive to deliver affordable, quality, consumer centered care. We measure incremental progress towards that vision based on the growth of our members' assets under HealthEquity's management, which has accelerated rapidly, from $10 million in 2006, to $100 million in 2009, to $1 billion in 2011 and more than $5 billion today.
Still, we believe these are early days. Today, Americans have just $34 billion in HSA assets market-wide, according to Devenir Research. We believe that figure will rise to between $600 billion and $1 trillion at market maturity, transforming how Americans consume healthcare and save for retirement. HealthEquity intends to lead that change in a positive direction.
HealthEquity’s more than 1,000 team members embrace a unique culture symbolized by the purple in the Company’s logo and branding. Being “purple” means being remarkable, standing out from the crowd by going above and beyond to help others, including customers, fellow team members, business partners, and our community. To keep its culture strong in the context of rapid growth, HealthEquity has a deliberate strategy to develop talented team members for promotion. About 40% of new positions at HealthEquity are filled by existing team members and another 30% from team member referrals.
This executive position will report directly to the Chief Executive Officer. The Chief Information Security Officer, (CISO) will be an influential, collaborative, and passionate leader, serving as a central point of strategic planning, coordination and execution of cyber and information security activities across the company. This role will directly manage our information security team focused on physical security, application and software development security, identity and access management, infrastructure security, cloud computing security, contracting, sales support including presentations to potential customers, compliance, and incident response. The CISO will work across multiple departments to bring a holistic approach to the company’s information security initiatives.
As a member of the executive team, the CISO will have previous hands-on experience with complex Information Security solutions and business applications, communicate clearly, and juggle multiple priorities in a fast-paced environment. This role supports and provides critical analyses and insights to help drive business decisions in a dynamic and fluid organization. This role focuses on staying abreast of the latest thought leadership, technology, and industry developments around cybersecurity, is the primary liaison to peers, partners, and law enforcement as it relates to security activities and incident response.
HealthEquity, Inc. is a proud promoter of equal opportunities for training, compensation, transfer, promotion, and other aspects of employment for all qualified applicants and employees. HealthEquity, Inc. support Equal Employment Opportunities without regard to sex, race, color, religion, national origin, age, disability, sexual orientation or veteran status when hiring – under federal, state and local laws. Active supporters of the Corporate and Individual Parity Pledge™ for gender parity at the highest levels of business.