Welcome to our dedicated page for Health In Tech news (Ticker: HIT), a resource for investors and traders seeking the latest updates and insights on Health In Tech stock.
Health In Tech, Inc. (HIT) delivers innovative insurtech solutions that transform healthcare insurance processes through AI-driven platforms and vertical integration. This news hub provides investors and industry professionals with authoritative updates on HIT's strategic developments, operational milestones, and market leadership.
Access real-time press releases covering earnings reports, technology partnerships, regulatory compliance achievements, and product innovations. Our curated collection simplifies tracking HIT's progress in automating underwriting workflows and enhancing broker/carrier collaboration.
Key updates include AI implementation milestones, marketplace expansion announcements, and executive leadership changes. All content is verified for accuracy and relevance to support informed decision-making about this healthcare insurtech pioneer.
Bookmark this page for continuous access to HIT's official communications and third-party analyses. Check regularly for developments in process automation technologies and healthcare insurance market trends directly impacting the company's growth trajectory.
Health In Tech (Nasdaq: HIT), an Insurtech platform company, announced CEO Tim Johnson's appearance on The Street Reports Podcast, where he discussed the company's achievements and vision. The company reported a 56% year-over-year revenue growth while focusing on their mission to improve healthcare accessibility and transparency.
Johnson shared insights into the company's innovative platform, which was developed from scratch rather than building upon legacy systems. The platform enables brokers to quote and bind health plans for employers in real-time, emphasizing speed, flexibility, and user-friendliness. The company maintains a measured growth approach to ensure quality service delivery while scaling operations.
Health In Tech (Nasdaq: HIT) reported strong Q1 2025 financial results, with revenue increasing 56% year-over-year to $8.0 million. Income before taxes more than tripled to $0.7 million, representing 8.5% of revenue, up from 3.7% in Q1 2024.
The company's enrolled employees grew to 24,307, up from 20,802 in the same period last year. Adjusted EBITDA reached $1.2 million, compared to $0.5 million in Q1 2024. The company maintained a strong cash position of $7.6 million as of March 31, 2025.
Notable developments include a strategic partnership with DialCare to integrate telehealth services into their self-funded health plans, and the appointment of Sanjay Shrestha to the Board of Directors. The company is also on track for Q3 rollout of their large-group AI-powered underwriting platform, which has already successfully served employers with over 1,000 employees during beta testing.
Health In Tech (Nasdaq: HIT) has appointed Sanjay Shrestha as a new independent director to its Board of Directors. Shrestha, currently serving as President of Plug Power, will join the company's Audit Committee, Compensation Committee, and Nominating and Corporate Governance Committee.
Shrestha brings significant experience in energy and technology sectors, having joined Plug Power in 2019 as Chief Strategy Officer. In his role there, he expanded the company's product portfolio and developed their hydrogen production facilities. His previous experience includes serving as Global Head of Renewables Research at Lazard Capital Markets and building the renewables research practice at First Albany Capital, where he received recognition for his stock picking and earnings estimates.
The appointment aligns with Health In Tech's strategy to enhance its insurtech platform through vertical integration, automation, and digital innovation in the U.S. healthcare system.
Health In Tech (NASDAQ: HIT) has scheduled its first quarter 2025 financial results announcement for April 14, 2025, after market close. The company will host a conference call and live webcast at 5:00 p.m. ET to discuss Q1 2025 financial performance, recent developments, and business outlook.
The earnings call will be accessible via multiple channels, including toll-free and international dial-in numbers, as well as a Hong Kong connection. A webcast replay will be available on the company's investor relations website for approximately 90 days following the call.
Health In Tech (Nasdaq: HIT) has announced a strategic collaboration with DialCare to expand virtual healthcare access through their self-funded health plan offerings. The partnership will integrate DialCare's virtual primary care, therapy, and psychiatric services into Health In Tech's platform.
Through this integration, employer groups with 10 or more employees can access DialCare's telemedicine services via phone or video consultations, managed through Health In Tech's eDIYBS technology. Members will have access to licensed physicians, therapists, and psychiatric providers through DialCare's mobile app and web platform.
The collaboration aims to deliver patient-centric, technology-enabled healthcare solutions focused on scalable outcomes for employers and employees.
Health In Tech (Nasdaq: HIT) reported its Q4 and full-year 2024 financial results. Full-year revenue reached $19.5 million, up 1.8% year-over-year, with a gross margin of 79.2%. The company ended 2024 with $7.8 million in cash and cash equivalents, compared to $2.4 million in 2023.
Key metrics showed mixed performance: enrolled employees decreased to 18,348 from 21,213, and business clients declined to 890 from 1,002. Income from continuing operations was $0.7 million, down from $2.5 million in 2023. The company completed its IPO in December 2024, raising $9.2 million in gross proceeds.
Early 2025 shows promising growth with unaudited revenue of $5.7 million in the first two months, representing over 50% growth compared to the same period in 2024. The company announced strategic initiatives including expansion into mid-sized business underwriting and a new Spec & Agg stop-loss product.
Health In Tech (Nasdaq: HIT) has announced significant executive appointments to strengthen its leadership team and drive growth in the self-funded healthcare industry. The company has named Dustin Plantholt as Chief Growth Officer, succeeding Glenn Hillyer who becomes SVP of Sales Partner Relations. Chris Kurtenbach, previously SVP of Operations, has been promoted to Chief Operating Officer.
Additionally, (Jonathan) Del Lockett transitions from COO to Chief Strategy Officer, focusing on business development and SaaS innovation. Jenni Guerrica, former VP of Information Security & Compliance, has been elevated to Chief Information Security Officer. These appointments, effective March 2025, are aimed at enhancing the company's operational capabilities, scaling technology solutions, and reinforcing its position as an industry disruptor.
Health In Tech (NASDAQ: HIT) has scheduled the release of its fourth quarter and full year 2024 financial results on Monday, March 17, 2025, after market close. The Insurtech platform company will host a conference call and live webcast at 5:00 p.m. ET on the same day to discuss financial performance, recent developments, and business outlook.
Participants can join via toll-free number (1-888-346-8982), international dial-in (1-412-902-4272), or Hong Kong numbers. A webcast replay will be available on the company's investor relations website for approximately 90 days following the call.
Health In Tech (Nasdaq: HIT) announces its participation in the 2025 HCAA Executive Forum at the Bellagio, Las Vegas, from February 10-12, 2025. The company will showcase its Enhanced Do It Yourself Benefits System (eDIYBS), a proprietary SaaS platform for self-funded health plans.
The eDIYBS platform streamlines the quoting process for brokers, groups, and TPAs, enabling users to quote 12 plans with four tiers while customizing plan return options and selecting networks and plan designs in minutes. The platform also offers access to ManhattanLife's ancillary coverage options, including Critical Illness, Cancer Voluntary Coverage, Accident Indemnity Plus, Dental, Vision, Term Life, and GAP Coverage.
Key executives attending include Glen Hillyer (Chief Growth Officer), Del Lockett (Chief Operating Officer), and Chris Kurtenbach (Senior Vice President of Operations), who will discuss how eDIYBS can enhance health plan options and simplify self-funding for clients.
Health In Tech has announced a strategic collaboration with Vitable and MARPAI to launch a competitively priced self-funded health plan. The partnership combines Vitable's Direct Primary Care (DPC) model with MARPAI's self-funded health plans, integrated through Health In Tech's eDIYBS platform.
Vitable's enhanced primary care plan offers both in-person and virtual primary care access, mental health programs, free prescription drugs, lab work, and care navigation for households under a low monthly fee with $0 out-of-pocket costs. The collaboration aims to leverage Vitable's cost containment capabilities, which have been validated by third-party actuarial firms and reinsurance carriers.
The new offering is immediately available through Health In Tech's eDIYBS platform, targeting improved healthcare accessibility and cost reduction while maintaining high member satisfaction rates.
