The Work Index by Flexa

First Dollar

First Dollar provides flexible infrastructure for managing and offering health spending benefits.

https://www.firstdollar.com/
4.9

/10

Transparency ranking

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Description

First Dollar is a financial technology company focused on building infrastructure for health spending benefits. They offer a suite of software tools and APIs that enable organizations to launch and manage a variety of health spending benefit programs, including pre-tax accounts, lifestyle benefits, rewards programs, and supplemental benefits. First Dollar's platform is designed to be flexible and accessible, allowing organizations to create and deploy customized benefit programs with a few clicks. They also prioritize security and privacy, ensuring their platform meets the requirements of SOC2 and HIPAA compliance.

First Dollar is headquartered in Austin, Texas, and boasts a diverse team of educators, entrepreneurs, industry experts, musicians, and technologists. They are committed to making health spending benefits easier to use, understand, and offer, and believe in the promise of these benefits for both members and organizations. Their platform is already used by a number of health plans, TPAs, and financial institutions, and they are actively expanding their reach and offerings to further revolutionize the healthcare spending landscape.

Flexibility

First Dollar offers a remote-first work environment, allowing employees to work from anywhere in the United States. They are based in Austin, Texas, but have team members located across the country.

Benefits

First Dollar offers a robust benefits package for its employees, including comprehensive health insurance, a generous paid time off policy, and a 401(k) plan with company matching. They are also committed to providing professional development opportunities and a positive work environment.

Mission

First Dollar is a financial technology company dedicated to simplifying and improving healthcare spending through innovative software tools and APIs. They aim to make health spending benefits, such as HSAs, FSAs, and HRAs, more accessible and user-friendly for both individuals and organizations. First Dollar believes that everyone should have the tools they need to save money and make informed decisions about their healthcare, empowering them to lead healthier and happier lives.

Data-driven
Disruptor
Healthcare
Improving quality of life/health
Social impact led
Tech for good

Culture

First Dollar promotes a culture of ownership, relentlessness, inclusivity, simplicity, and authenticity. The company values employees who take initiative and are empowered to own their work, are driven to solve problems and deliver results, and foster a supportive and diverse workplace. They prioritize clear communication, understanding complex concepts, and creating simple and accessible products for everyone.

DE&I

First Dollar champions a culture of inclusivity and belonging, believing that a diverse and equitable team leads to a more innovative and impactful product. They actively seek to understand diverse perspectives, foster a supportive work environment, and create a sense of ownership for all team members. This commitment is evident in the formation of their first employee resource group, First Dollaritos, which supports Latino employees and fosters a sense of community and belonging within the company.

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