Health In Tech Launches AI-Powered Platform to Streamline Self-Funded Health Insurance Market
Health In Tech, Inc. (Nasdaq: HIT) has launched HitRix, an AI-powered platform designed to streamline the complex and manual process of large-group self-funded health insurance submissions for brokers serving larger employers. The platform aims to reduce administrative work by automating data entry, organizing case information across multiple carriers, tracking responses, and comparing proposals in a single environment. The company also updated its full-year 2026 revenue guidance to approximately $33 million, which is roughly aligned with the previous year's performance. This update reflects the timing of strategic initiatives rather than any decline in growth potential. Health In Tech expects HitRix and other programs like its Three-Year Rate Stabilization Program to become more significant contributors starting in 2027. HitRix operates within an existing distribution network that includes over 933 partners as of June 30, 2026—showing a year-over-year growth rate of nearly 20%. The platform is integrated with the company's broader underwriting and marketplace infrastructure to support analytics and automation.
Topics: AI InsurTech large-group health insurance platform launch