Health In Tech Launches HitRix, a Broker-First Environment for Self-Funded Stop-Loss Placement
Health In Tech (HIT) announced the next release of HitRix, an AI-powered environment for brokers placing self-funded medical stop-loss insurance.
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Rhea-AI Summary
Health In Tech (HIT) announced the next release of HitRix, an AI-powered environment for brokers placing self-funded medical stop-loss insurance.
Built on the company's eDIYBS platform, HitRix brings submission intake, routing to insurance markets, quote comparison and case tracking into one dashboard. Brokers can submit a group to multiple carriers and track proposals through placement. The system uses AI-assisted document processing to organize claims information and quote terms, with human review before information moves forward. Health In Tech describes HitRix as a way to replace disconnected inboxes, spreadsheets and portals with a coordinated process. Case records include communications, placement activity and documented reasons for declined quotes.
Historical Context
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Initial HitRix launch coincided with revised 2026 revenue outlook to approximately $33 million.
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
AI-generated analysis. How Rhea-AI works. Not financial advice.
Broker-first marketplace brings submission intake, market routing, quote comparison and case tracking into one coordinated process.
A Clearer Path Through Complex Placements
Placing stop-loss cases has traditionally meant rekeying the same claims and census data into carrier after carrier, then waiting days for each submission to clear intake. HitRix collapses that work into a single step. A broker drags their data into the eDIYBS system, and HitRix's document intelligence then parses it into one consistent, structured submission within a couple of minutes – the same format every time, so the errors and rework that often come from reformatting for each market simply don't occur.
HitRix organizes the case around a structured record that carries information from initial intake through placement. Brokers can manage submissions, track market activity and review the status of each opportunity from one place, reducing the operational gaps that can slow a case or make its history difficult to follow.
Turning Documents into Decision-Ready Comparisons
HitRix uses AI-assisted document intelligence to ingest claims-related information from PDF, Word and Excel files and organize relevant fields for review. The platform is designed to identify premiums, deductibles, laser clauses, contract terms and other quote provisions while keeping human review in the process before information moves forward.
Once quotes are received, brokers can compare options side-by-side using the terms that shape the placement decision. Branded comparison documents give brokers a clearer way to present the trade-offs to clients, support renewal conversations and move from raw carrier documents to a more consistent decision view without rebuilding the analysis for every market response.
Because every message, document and decision moves through the platform itself, communication and the data attached to it live in one place, giving brokers and market partners a single, secure point of access.
After submission, the broker sets timers and watches a customized dashboard that shows the live status of every group. Structured submissions also give managing general underwriters ("MGUs") and underwriters richer context at intake and clearer visibility into which cases are under review and how each is progressing, so the entire chain works from the same information and cases move without the follow-up gaps that frequently stall them. The same dashboard also tells brokers how they are performing on a variety of measures that matter to them: how competitive each carrier is on their groups, where they win most often, and how they stack up against other brokers and carriers in their market.
As proposals come back, HitRix receives and aligns them through a built-in comparison tool so that a broker can weigh those proposals against one another without rebuilding a spreadsheet for each market response. The broker decides how to view the field through customizable "widgets" – ranking on maximum cost, on premium alone, or on whatever term shapes the placement decision – and can switch between those views with a click. The result is a consistent, decision-ready comparison the broker can put in front of an employer client to explain the trade-offs clearly and support the renewal conversation.
Keeping Brokers and Market Partners Aligned
HitRix is designed to route cases to participating MGUs and underwriters based on stated appetite and other relevant case criteria. More structured submissions give market partners stronger context at intake, while brokers gain better visibility into which cases are under review, where follow-up is needed and how each response is progressing.
Status tracking, service-level visibility, case-based communication and documented decline reasons help keep the parties working from the same information. Each quote decline and placement creates a traceable activity record that can support accountability and improve future routing logic.
The broker remains at the center of the relationship. HitRix provides the structure behind the case so brokers can spend more time evaluating options, advising employer clients and defending the placement strategy, while MGUs and underwriters receive cases in a format designed to support more efficient review.
About Health In Tech
Health In Tech, Inc. (Nasdaq: HIT) is an AI-enabled InsurTech platform company, which offers a marketplace that aims to improve processes in the health insurance industry through vertical integration, process simplification, and automation. By removing friction and complexities, we streamline the underwriting, sales and service process for insurance companies, licensed brokers, managing general underwriters ("MGUs") and third-party administrators ("TPAs"). Health In Tech's platform serves as a marketplace for brokers, TPAs, MGUs and carriers to access self-funded health insurance for employers, providing functions including customized self-funded health plans, bindable stop-loss quotes, AI-enabled underwriting, claims administration and reporting integration.
To learn more about Health In Tech's technology and its role in advancing the self-funded healthcare market, schedule a demonstration with our team: www.healthintech.com.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, including statements relating to Health In Tech, Inc.'s ("Health In Tech," "HIT," "we," "us" or "our") business strategy, product development and innovation, market opportunities, updated revenue outlook, expected timing and magnitude of contribution from new products, growth prospects, and future operating and financial performance. In some cases, forward-looking statements can be identified by terminology such as "believe," "may," "will," "potentially," "estimate," "continue," "anticipate," "intend," "expect," "could," "would," "project," "plan," "target" or similar expressions that are predictions of or indicate future events or trends and that do not relate solely to historical matters. Forward-looking statements in this press release include but are not limited to: statements regarding the expected functionality, benefits and adoption of HitRix and the potential expansion of marketplace participation; increased activity and data generated through the platform; and the Company's expectations regarding analytics, automation, AI-enabled capabilities and broader platform strategy.
These forward-looking statements are based on current expectations and beliefs concerning future developments and their potential effects on Health In Tech and are subject to numerous known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside of Health In Tech's control, that could cause actual results to differ materially from those expressed or implied by these forward-looking statements. These factors include, but are not limited to: our ability to obtain funding for our operations and to enhance our current systems and expand our service offerings; the success, cost and timing of our product development activities; the timing and terms of our carrier relationships, including carrier transitions and onboarding of new carriers; our ability to attract and retain key personnel and qualified employees; our ability to attract new customers and to develop new, and enhance existing, products and services; the impact of competition in our industry and innovation by our competitors; risks related to cybersecurity incidents or other network disruptions; risks related to the use of third-party and internal artificial intelligence; our ability to comply with new or modified laws and regulations applicable to our business, including with respect to the insurance services industry, data privacy requirements and AI; our ability to protect our intellectual property rights and maintain and build our brand; the future trading price of our common stock; and other risks and uncertainties described in the "Risk Factors" section of our most recent Annual Report on Form 10-K and our subsequent Quarterly Reports on Form 10-Q and other filings with the U.S. Securities and Exchange Commission.
Any forward-looking statement made in this press release speaks only as of the date of this press release. New risks and uncertainties may emerge from time to time, and it is not possible for Health In Tech to predict all risks and uncertainties that could have an impact on the forward-looking statements contained in this press release. Except as required by applicable law, Health In Tech does not undertake, and expressly disclaims, any obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, after the date of this press release.
Investor Contact:
Health In Tech Investor Relations
ir@healthintech.com
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SOURCE Health In Tech Inc.
FAQ
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What is Health In Tech's HitRix release?
HitRix is an AI-powered environment for brokers placing self-funded medical stop-loss insurance, built on Health In Tech's eDIYBS platform. It brings submission intake, market routing, quote comparison and case tracking together, allowing brokers to manage proposals through placement from one dashboard.