Health In Tech Inc
NASDAQ:HIT
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Health In Tech Inc
Health In Tech Inc is a US-based company operating in Insurance industry. The company is headquartered in Stuart, Florida and currently employs 74 full-time employees. The company went IPO on 2024-12-23. Health In Tech, Inc. is an insurance technology platform company. The firm provides a health insurance marketplace where insurance companies can list various stop-loss policy options for self-funded benefits plans. Its marketplace offers customization of health benefits plans, vendors, claims, and network services. Its services are delivered through three subsidiaries: Stone Mountain Risk, LLC (SMR), International Captive Exchange, LLC (ICE), and HI Card LLC’s HI Card platform (HI Card). The SMR is a program manager specializing in customized self-funded programs for small businesses. ICE is a Managing General Underwriter. ICE assists with underwriting activities through its sophisticated Web-based SaaS quoting platform, Enhance Do It Yourself Benefit System (eDIYBS). HI Card seeks to simplify healthcare management with a single standardized transaction and service platform, designed to streamline the management of medical records and claims through one platform using one login.
Health In Tech Inc is a US-based company operating in Insurance industry. The company is headquartered in Stuart, Florida and currently employs 74 full-time employees. The company went IPO on 2024-12-23. Health In Tech, Inc. is an insurance technology platform company. The firm provides a health insurance marketplace where insurance companies can list various stop-loss policy options for self-funded benefits plans. Its marketplace offers customization of health benefits plans, vendors, claims, and network services. Its services are delivered through three subsidiaries: Stone Mountain Risk, LLC (SMR), International Captive Exchange, LLC (ICE), and HI Card LLC’s HI Card platform (HI Card). The SMR is a program manager specializing in customized self-funded programs for small businesses. ICE is a Managing General Underwriter. ICE assists with underwriting activities through its sophisticated Web-based SaaS quoting platform, Enhance Do It Yourself Benefit System (eDIYBS). HI Card seeks to simplify healthcare management with a single standardized transaction and service platform, designed to streamline the management of medical records and claims through one platform using one login.
Revenue Growth: Health In Tech reported third quarter revenue of $8.5 million, up 90% year-over-year, and expects full year 2025 revenue of $32–33 million, representing about 70% growth.
Distribution Expansion: The company grew its broker, TPA, and agency partner network to 849 partners, up 57% year-over-year, which drove strong new business momentum.
Large Employer Market Launch: Health In Tech launched its large employer underwriting capability through its eDIYBS platform, allowing brokers to bind quotes for groups of 150+ employees in as little as two weeks.
3-Year Rate Hold Innovation: The company piloted a new 3-year rate hold program for large employers, enabling predictable pricing and aiming to boost customer retention.
Blockchain Claims Initiative: Announced a partnership with AlphaTON Capital to develop a blockchain-based claims processing platform to reduce $300 billion in industry administrative costs.
Profitability Improvement: Adjusted EBITDA reached $1 million in Q3, up 49% year-over-year, and pretax income improved 48% to $0.6 million, reflecting better operating leverage and cost controls.
Upcoming Visibility: Health In Tech to host its first InsurTech Summit at Davos during World Economic Forum week in January 2026, expected to boost its global profile.