About Health E(fx)
Health E(fx) is a Technology company based in Minneapolis (United States) founded in 2012, and was acquired by Equifax in August 2021. Cloud-based ACA compliance and benefits analytics are provided to employers. It operates in the Technology and Healthcare sectors. Health E(fx) has raised $2 million across 1 funding round from investors including Equifax. Health E(fx) offers products and services including ACA HQâ„¢, I-9 HQâ„¢, Forms HQ, Unemployment Cost Solutions, and Tax Credit Solutions. Its focus areas include Enterprise Applications, HRTech, Employee Benefits and Health Benefits. Its legal entity is Equifax, Inc. Its competitors include Hinge Health, Accolade and Sharecare; 3 of its 3 listed competitors have raised funding.
Company details
Health E(fx) was founded in 2012 in Minneapolis, United States, focusing on health benefits management within the human resources sector. Cloud-based solutions for Affordable Care Act tracking, compliance, and medical benefits analytics are delivered to support executives. Services are utilized by large employers in industries such as restaurant, grocery, staffing, hospital, transportation, and hospitality across the United States.
- Headquarters Minneapolis, United States
- Stage Acquired
- SectorsTechnologyHealthcare
- Website healthefx.us
- Social LinkedIn X YouTube
- Acquired by Equifax (Aug 2021)
- Legal Name Equifax, Inc.
Products & Services of Health E(fx)
Health E(fx) offers a comprehensive portfolio of products and services, including ACA HQ™, I-9 HQ™, Forms HQ, Unemployment Cost Solutions, and Tax Credit Solutions.
Full-service platform for Affordable Care Act reporting and compliance management.
Automates auditing and processing of Form I-9 for immigration verification.
Streamlines employee forms to reduce paper use and improve accuracy.
Helps manage employer unemployment claims and related financial risks.
Identifies and captures tax credits to optimize business savings.
Funding Insights of Health E(fx)
Health E(fx) has successfully raised a total of $2M through 1 strategic funding round. The most recent funding activity was a Seed round of $2 million completed in April 2013. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $2M
- Total Rounds 1
- Last Round Seed — $2M
- First Round $2M
(Apr 2013)
All 1 funding rounds of Health E(fx) with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr 2013 | $2M | Seed | – | – | – |
1 investors in total: 1 institutional.
Investors in Health E(fx)
Health E(fx) has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Equifax.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Credit score data is provided online for businesses and individuals. | 1899 | equifax.com | Atlanta, United States |
Investor details for Health E(fx)
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Verified entity values are shown only after access is granted.
People of Health E(fx)
7 people are tracked at Health E(fx) (1 in leadership, 6 in team).
| Name | Role | Group |
|---|---|---|
Michael Showalter | CEO | Leadership |
Scott Freberg | EVP, Product & Technology | Team |
Kyle Jennifer Scott | AVP, Compliance | Team |
Cherie Coenen | EVP, Corporate Administration | Team |
Tom Hoffman | EVP, Operations | Team |
Jenna Elving | AVP, Marketing & Communications | Team |
Kimberly Longerbone | AVP, Infrastructure, Information Security & Data Services | Team |
Complete people profiles for Health E(fx)
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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Timeline of Health E(fx)
3 dated milestones of Health E(fx) across 9 years, from founding to its latest funding, stage changes and deals.
- Founded Health E(fx) is founded.
- Funding First funding round of $2.0M.
- Exit Acquired by Equifax.
Competitors of Health E(fx)
Health E(fx) has 3 listed competitors in our database, 3 of them funded. They include Hinge Health, Accolade and Sharecare.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| hingehealth.com | 2015 | San Francisco, United States | $854.44M | 1,442 | Virtual physical therapy and digital pain care solutions are provided. | |
| accolade.com | 2007 | Plymouth Meeting, United States | $228.3M | Employee health benefits are facilitated via a cloud-based platform. | ||
| sharecare.com | 2010 | Atlanta, United States | $64M | 1,988 | Health and wellness social network for employees is provided. |
Detailed competitors of Health E(fx)
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
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Verified entity values are shown only after access is granted.
Top companies in GRC, Risk & Compliance Software
3 companies that operate in the same segment as Health E(fx) (GRC, Risk & Compliance Software) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Platform that provides data analysis and management solutions | 2003 | Denver, Colorado, United States | USD 2.46 B | USD 2.87 B | 5,915 | |
Cybersecurity and zero trust solutions are delivered for secure networks. | 2007 | San Jose, California, United States | USD 148 M | USD 3.35 B | 9,616 | |
Identity and access management solutions are provided for developers. | 2013 | Bellevue, Washington, United States | USD 332.75 M | 350 |
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Related news about Health E(Fx)
Complete news archive for Health E(fx)
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Frequently Asked Questions about Health E(fx)
Health E(fx) was founded in 2012 and raised its 1st funding round 1 year after it was founded.
Health E(fx) is headquartered in Minneapolis, United States. It is registered at Minneapolis, Minnesota, United States.
Health E(fx) is a funded company, having raised a total of $2M across 1 funding round to date. The company's 1st funding round was a Seed of $2M, raised on Apr 2013.
Health E(fx) was founded in 2012 in Minneapolis, United States, focusing on health benefits management within the human resources sector. Cloud-based solutions for Affordable Care Act tracking, compliance, and medical benefits analytics are delivered to support executives. Services are utilized by large employers in industries such as restaurant, grocery, staffing, hospital, transportation, and hospitality across the United States.
Health E(fx)'s top competitors include Accolade, Hinge Health and Sharecare.
Health E(fx) offers ACA HQâ„¢, I-9 HQâ„¢, Forms HQ, Unemployment Cost Solutions, and Tax Credit Solutions.
Health E(fx) has 1 investor. Key investors include Equifax.
Health E(fx) operates through Equifax, Inc..
Yes. Health E(fx) was acquired by Equifax in August 2021.