Accolade, which helps employees navigate health benefits, has hired banks to prepare a 2020 IPO

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Accolade provides human experts to employees to help them figure out their health benefits. The startup has hired Morgan Stanley and Goldman Sachs to help prepare for an initial public offering, sources say.

Accolade helps employees navigate their health benefits, and provides them with free access to human experts to answer their questions.

Some of the largest companies in the U.S. pay for their workers to access the service, including Comcast and Lowe's.Raj Singh, chief executive officer of Accolade speaks during the GeekWire Summit event in Seattle, Washington, Oct. 3, 2018.

The company is expected to file later this year, said the people, who asked not to be named because the plans are confidential. They cautioned that plans to go public might change depending on the state of the economy and the anticipated outcome of the 2020 U.S. elections.

 

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