Welcome to our dedicated page for Healthequity news (Ticker: HQY), a resource for investors and traders seeking the latest updates and insights on Healthequity stock.
HealthEquity Inc (HQY) provides essential news and updates for stakeholders tracking America's leading health savings account administrator. This page aggregates official press releases, financial disclosures, and strategic developments related to HSAs, consumer-directed benefits, and healthcare finance innovation.
Investors and benefits professionals will find timely updates on earnings announcements, regulatory changes, and technology enhancements shaping the health savings landscape. Our curated feed includes partnership developments with national health plans, employer benefit program expansions, and educational initiatives improving financial literacy.
All content undergoes strict verification to ensure accuracy in reporting HealthEquity's role as an IRS-approved HSA trustee. Bookmark this page for direct access to primary source materials about FDIC-insured accounts, benefits administration best practices, and evolving healthcare finance solutions.
HealthEquity Collaborates with Microsoft
HealthEquity (NASDAQ: HQY), the largest HSA custodian in the U.S., has announced a strategic collaboration with Microsoft to modernize healthcare benefit administration via Microsoft Azure. This move is part of HealthEquity's cloud-first strategy aimed at simplifying and enhancing technology capabilities for clients and members. The partnership will enable new tools, real-time data access, and improved data security.
By leveraging Azure, HealthEquity will accelerate application development, streamline integration with existing systems, and enhance user experiences, significantly benefiting healthcare management.
HealthEquity (HQY) reported solid financial results for the fiscal year ended January 31, 2023, achieving $861.7 million in revenue, a 14% increase from FY22. The company posted a net loss of $26.1 million, significantly improved from a loss of $44.3 million in the previous year. Non-GAAP net income rose to $114.5 million, up from $110.2 million, while Adjusted EBITDA increased 15% to $272.3 million. The company recorded 8.0 million HSAs, with total HSA assets reaching $22.1 billion. Looking ahead, HealthEquity estimates fiscal 2024 revenues between $960 million and $975 million.
HealthEquity, Inc. (NASDAQ: HQY) will release its fourth quarter and fiscal year 2023 financial results on March 21, 2023, after market close. Following the release, the management will hold a conference call at 4:30 p.m. ET to discuss the results. Investors can join the call by dialing 1-833-630-1956 (toll-free) or via the webcast link provided. Additionally, HealthEquity will participate in the KeyBanc Virtual Life Sciences & MedTech Investor Forum on March 22, 2023, at 1:30 p.m. ET. The company, recognized as the largest HSA custodian, manages nearly 15 million accounts with a mission to connect health and wealth.
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