STUART,
Fla., Jan. 22, 2025 /PRNewswire/ -- Health
In Tech, an Insurtech platform company backed by third-party AI
technology, is thrilled to announce a new strategic collaboration
with Vitable and MARPAI. This collaboration aims to introduce a
competitively priced self-funded health plan to the market.
By utilizing the strength of Vitable's Direct Primary Care (DPC), a
health plan, and stop-loss coverage, Health In Tech seeks to offer
low quotes on their eDIYBS platform, and to set an ambitious
standard in affordability and efficiency.
Vitable's enhanced primary care plan combines in-person and
virtual primary care access with mental health programs, free
prescription drugs, lab work, and care navigation for the entire
household, all under a low monthly fee and $0 out-of-pocket cost for members. With their
cost containment ability proven by numerous third-party actuarial
firms and reinsurance carriers, our intention is to utilize
Vitable's DPC to provide competitively priced quotes within Health
In Tech's proprietary eDIYBS platform for networks and
carriers under MARPAI's self-funded health plan offerings. We
expect Vitable's high utilization and member satisfaction to
contribute to reductions in healthcare costs.
"This collaboration exemplifies our commitment to
revolutionizing healthcare access and affordability," said
Glenn Hillyer, Chief Growth Officer
at Health In Tech. "By integrating Vitable's hybrid DPC model -
with their successful track record in effectively managing primary
care and urgent care claims for self-funded and level-funded plans
- with MARPAI's self-funded health plans, and the streamlined
process for which Health In Tech is known for, we are working to
deliver competitive value and comprehensive care to our
clients."
Vitable's hybrid DPC model seeks to ensure seamless access to
primary care and mental health services, providing members with the
flexibility and convenience of both in-home and virtual visits.
This approach addresses the critical need for accessible and
affordable healthcare, especially for the under- and uninsured
workforce.
"We are excited to join forces with Health In Tech and MARPAI to
bring our high-quality health plans at a significantly lower cost,"
said Steven Baek, Head of Growth at
Vitable. "Our commitment is to enhance member satisfaction and
utilization while driving down healthcare costs."
"We are excited to announce our collaboration with both Health
In Tech and Vitable, two leaders in the employee benefits space,"
said Ben Utz, Vice President of
Strategic Accounts at Marpai. "Together, we hope to deliver
smarter, seamless healthcare experiences that prioritize employee
well-being, improve access to personalized care, and drive
meaningful results for organizations."
This competitive quote opportunity will be available through
Health In Tech's eDIYBS platform starting today.
About Health In Tech
Health In Tech (Nasdaq: "HIT") is an Insurtech platform company
backed by third-party AI technology, which offers a marketplace
that aims to improve processes in the healthcare 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, and TPAs. Learn more at healthintech.com.
About Vitable
Vitable offers a hybrid Direct Primary Care health plan for
self-funded and level-funded groups, delivering easy access to
high-quality primary care and mental health coverage to the under-
and uninsured American workforce. Vitable membership includes
in-home and virtual primary care visits, free prescriptions, labs,
and mental health programs with no out-of-pocket cost for the
members.
About Marpai, Inc.
Marpai, Inc. (OTCQX: MRAI) is a technology platform company
which operates subsidiaries that provide TPA and value-oriented
health plan services to employers that directly pay for employee
health benefits. Primarily competing in the $22 billion TPA sector serving self-funded
employer health plans representing over $1
trillion in annual claims. Through its Marpai Saves
initiative, the Company works to deliver the healthiest member
population for the health plan budget. Operating nationwide, Marpai
offers access to leading provider networks including Aetna and
Cigna, industry leading Reference Based Pricing (RBP) solutions and
all TPA services. For more information, visit www.marpaihealth.com,
the content of which is not incorporated by reference into this
press release. Investors are invited to visit
https://www.ir.marpaihealth.com.
Forward-Looking Statements Regarding Health In Tech
Certain statements in this press release are forward-looking
statements for purposes of the safe harbor provisions under the
U.S. Private Securities Litigation Reform Act of 1995.
Forward-looking statements may include estimates or expectations
about Health In Tech's possible or assumed operational results,
financial condition, business strategies and plans, market
opportunities, competitive position, industry environment, and
potential growth opportunities. In some cases, forward-looking
statements can be identified by terms such as "may," "will,"
"should," "design," "target," "aim," "hope," "expect," "could,"
"intend," "plan," "anticipate," "estimate," "believe," "continue,"
"predict," "project," "potential," "goal," or other words that
convey the uncertainty of future events or outcomes. These
statements relate to future events or to Health In Tech's future
financial performance, and involve known and unknown risks,
uncertainties and other factors that may cause Health In Tech's
actual results, levels of activity, performance, or achievements to
be different from any future results, levels of activity,
performance or achievements expressed or implied by these
forward-looking statements. You should not place undue reliance on
forward-looking statements because they involve known and unknown
risks, uncertainties and other factors which are, in some cases,
beyond Health In Tech's control and which could, and likely will,
affect actual results, levels of activity, performance or
achievements. Any forward-looking statement reflects Health In
Tech's current views with respect to future events and is subject
to these and other risks, uncertainties and assumptions relating to
Health In Tech's operations, results of operations, growth strategy
and liquidity.
Investor Contact
Investor Relations:
ir@healthintech.com
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SOURCE Health In Tech
