From an Idea to Billion Dollar Company: How a Doctor Lobbied DC for HSAs

 

As most people know, unexpected visits to the doctor can lead to high medical bills. An estimated 1 out of every 5 Americans offset these costs by using a Health Savings Account or HSA to help them save for rainy days or simply to plan ahead. However, it wasn’t long ago that this now common practice wasn’t possible because of preexisting privacy laws.

On an upcoming episode of I Don’t Care with Kevin Stevenson, Kevin sits down with the Founder and Vice Chairman of Health Equity, Steve Neeleman. Steve was once a doctor and an aspiring entrepreneur who envisioned a concept where you buy insurance for the large events and put the difference in a HSA savings account, which could be used for the “small stuff.”

But, he discovered that when the law establishing HIPPA was passed there was a component that aligned closely with his concept for a health savings account, however, it was limited to a group of small business owners.

With the idea of creating a company called Health Equity, He works between shifts at the hospital on refining and executing the plan, begins lining up investors and takes time off to travel to Washington DC. As a citizen and physician, he lobbies for the passage of legislation for health savings accounts for companies of all sizes.

This is how the idea for his company, Health Equity, was formed. Between shifts at the hospital, he worked to refine his business plan, lining up investors and taking time off to travel to Washington D.C. to lobby for the passage of legislation for health savings accounts for companies of all sizes.

More Stories Like This:

How the COVID-19 Vaccine for Children Differs From Adults’

What is Behind the “Mergers & Acquisitions” Boom in Healthcare?

Should the COVID-19 Vaccine’s Intellectual Property Be Accessible for Everyone?

Follow us on social media for the latest updates in B2B!

Image

Latest

community
Bringing Community into the Transformation of K-12 Schools: The Impact of Mentors, Local Voices, and Student Entrepreneurs
July 24, 2025

As K-12 schools across the U.S. struggle to recover from the learning loss and emotional fallout of the pandemic, a deeper reckoning is underway—one that challenges the very foundation of who’s responsible for educating our children. Despite billions in federal relief, a third of U.S. students are not even reading at a basic level…

Read More
9 Proven User-Generated Content Strategies That Actually Work
July 24, 2025

User-generated content has become the backbone of modern marketing—but most advice focuses on theory rather than execution. We asked nine marketing leaders who’ve built successful UGC programs to share exactly how they do it, what works, and what doesn’t. Here’s what we learned from their real-world experience. Start With Direct Customer Outreach Kyle Bernard, who…

Read More
Blending Intuition and Metrics to Elevate Sterile Processing
Smarter Sterile Processing Starts with Data—Boosting Efficiency, Cutting Costs, and Improving Patient Care
July 24, 2025

In a healthcare ecosystem increasingly driven by data, sterile processing departments (SPDs) find themselves at a crossroads—balancing precision and pace, safety and speed. As hospitals look to reduce inefficiencies and protect patient safety, analytics tools are transforming sterile processing from an often overlooked backroom function into a vital, data-enhanced frontline of care. Research shows…

Read More
college success
Freshman Year Survival Guide: How Overlooked High School Lessons Lead to College Success
July 24, 2025

Nobody warns you that college success isn’t just about brains — it’s about balance, too. In this refreshingly honest episode of Professional Quotient: Conversations that Build Equity, hosted by Jason Winningham, high school teacher Jacob Mutchler reunites with two of his former students, Lilly Salcedo and Oscar Davila, to reflect on what really mattered…

Read More