Health In Tech Partners with Verdegard Administrators to Elevate TPA Services Through eDIYBS
Health In Tech (Nasdaq: HIT) has announced a strategic partnership with Verdegard Administrators, an Arizona-based third-party administrator (TPA) owned by MedImpact. The collaboration will integrate Health In Tech's Enhanced Do It Yourself Benefit Systems (eDIYBS) platform into Verdegard's TPA services.
The partnership aims to enhance self-funded health insurance services by providing real-time quoting capabilities, streamlined operations, and reduced turnaround times. Verdegard, backed by MedImpact (the largest independent pharmacy benefit manager in the U.S.), serves over 20 million members and processes billions in annual drug transactions, offering significant purchasing power for drug price reduction.
Health In Tech (Nasdaq: HIT) ha annunciato una collaborazione strategica con Verdegard Administrators, un amministratore terzo (TPA) con sede in Arizona di propriet脿 di MedImpact. Questa partnership integrer脿 la piattaforma Enhanced Do It Yourself Benefit Systems (eDIYBS) di Health In Tech nei servizi TPA di Verdegard.
L'obiettivo della collaborazione 猫 migliorare i servizi di assicurazione sanitaria autofinanziata offrendo preventivi in tempo reale, operazioni semplificate e tempi di risposta ridotti. Verdegard, supportata da MedImpact (il pi霉 grande gestore indipendente di benefici farmaceutici negli Stati Uniti), serve oltre 20 milioni di membri e gestisce miliardi di transazioni annuali di farmaci, garantendo un potere d'acquisto significativo per la riduzione dei prezzi dei farmaci.
Health In Tech (Nasdaq: HIT) ha anunciado una asociaci贸n estrat茅gica con Verdegard Administrators, un administrador externo (TPA) con sede en Arizona propiedad de MedImpact. La colaboraci贸n integrar谩 la plataforma Enhanced Do It Yourself Benefit Systems (eDIYBS) de Health In Tech en los servicios TPA de Verdegard.
La alianza tiene como objetivo mejorar los servicios de seguros de salud autofinanciados proporcionando cotizaciones en tiempo real, operaciones simplificadas y tiempos de respuesta reducidos. Verdegard, respaldada por MedImpact (el mayor administrador independiente de beneficios farmac茅uticos en EE. UU.), atiende a m谩s de 20 millones de miembros y procesa miles de millones en transacciones anuales de medicamentos, ofreciendo un poder de compra significativo para reducir los precios de los f谩rmacos.
Health In Tech (雮橃姢雼�: HIT)電� MedImpact臧� 靻岇湢頃� 鞎犽Μ臁半倶 旮半皹鞚� 鞝�3鞛� 甏�毽瀽(TPA)鞚� Verdegard Administrators鞕� 鞝勲灥鞝� 韺岉姼雱堨嫮鞚� 氚滍憸頄堨姷雼堧嫟. 鞚措矆 順戨牓鞚� 韱淀暣 Health In Tech鞚� Enhanced Do It Yourself Benefit Systems (eDIYBS) 頂岆灚韽检澊 Verdegard鞚� TPA 靹滊箘鞀れ棎 韱淀暕霅� 鞓堨爼鞛呺媹雼�.
鞚� 韺岉姼雱堨嫮鞚� 鞁れ嫓臧� 瓴爜 旮半姤, 臧勳唽頇旊悳 鞖挫榿, 雼稌霅� 觳橂Μ 鞁滉皠鞚� 鞝滉车頃橃棳 鞛愱皜 鞛愱笀 臁半嫭 瓯搓皶 氤错棙 靹滊箘鞀るゼ 頄レ儊鞁滍偆電� 瓴冹潉 氇╉憸搿� 頃╇媹雼�. 氙戈淡 斓滊寑 霃呺 鞎疥淡 順滍儩 甏�毽瀽 MedImpact鞚� 歆�鞗愳潉 氚涬姅 Verdegard電� 2觳滊 氇� 鞚挫儊鞚� 須岇洂鞐愱矊 靹滊箘鞀るゼ 鞝滉车頃橂┌ 鞐瓣皠 靾橃嫮鞏� 雼煬 攴滊鞚� 鞎巾拡 瓯半灅毳� 觳橂Μ頃橃棳 鞎疥皜 鞚疙晿毳� 鞙勴暅 臧曤牓頃� 甑Г霠レ潉 氤挫湢頃橁碃 鞛堨姷雼堧嫟.
Health In Tech (Nasdaq : HIT) a annonc茅 un partenariat strat茅gique avec Verdegard Administrators, un administrateur tiers (TPA) bas茅 en Arizona et appartenant 脿 MedImpact. Cette collaboration int茅grera la plateforme Enhanced Do It Yourself Benefit Systems (eDIYBS) de Health In Tech aux services TPA de Verdegard.
Ce partenariat vise 脿 am茅liorer les services d'assurance sant茅 autofinanc茅e en offrant des capacit茅s de devis en temps r茅el, des op茅rations simplifi茅es et des d茅lais de traitement r茅duits. Verdegard, soutenue par MedImpact (le plus grand gestionnaire ind茅pendant de prestations pharmaceutiques aux 脡tats-Unis), dessert plus de 20 millions de membres et traite des milliards de transactions annuelles de m茅dicaments, offrant ainsi un pouvoir d'achat important pour r茅duire les prix des m茅dicaments.
Health In Tech (Nasdaq: HIT) hat eine strategische Partnerschaft mit Verdegard Administrators, einem in Arizona ans盲ssigen Third-Party-Administrator (TPA) im Besitz von MedImpact, bekannt gegeben. Die Zusammenarbeit wird die Plattform Enhanced Do It Yourself Benefit Systems (eDIYBS) von Health In Tech in die TPA-Dienstleistungen von Verdegard integrieren.
Das Ziel der Partnerschaft ist es, selbstfinanzierte Krankenversicherungsdienste durch Echtzeit-Angebotsfunktionen, optimierte Abl盲ufe und verk眉rzte Bearbeitungszeiten zu verbessern. Verdegard, unterst眉tzt von MedImpact (dem gr枚脽ten unabh盲ngigen Pharmacy Benefit Manager in den USA), betreut 眉ber 20 Millionen Mitglieder und verarbeitet j盲hrlich Milliarden von Arzneimitteltransaktionen, was eine erhebliche Einkaufsmacht zur Senkung der Medikamentenpreise bietet.
- Integration with MedImpact's large pharmacy network provides significant drug cost savings potential
- Platform enables real-time quoting and faster implementation of self-funded health plans
- Partnership enhances operational efficiency and service delivery for brokers and employers
- None.
Insights
Health In Tech's partnership with Verdegard leverages eDIYBS platform to modernize TPA services with real-time quoting and improved efficiency.
Health In Tech's new collaboration with Verdegard Administrators represents a strategic technology integration in the self-funded insurance market. The partnership centers on HIT's Enhanced Do It Yourself Benefit Systems (eDIYBS) platform, which will enable Verdegard to digitally transform its third-party administration services.
The significance of this partnership stems from Verdegard's connection to MedImpact, the largest independent pharmacy benefit manager in the U.S. This relationship gives Verdegard considerable negotiating leverage, as MedImpact manages prescription benefits for over 20 million members and processes tens of billions in annual drug transactions. The scale of this operation translates to tangible cost advantages for employer groups seeking affordable prescription coverage.
The technical integration addresses a critical pain point in the TPA space - the traditionally slow, manual quoting process. By implementing HIT's eDIYBS platform, Verdegard can offer brokers and employers instant quote generation and real-time plan design capabilities. This dramatically compresses the sales cycle and implementation timeline for self-funded health plans.
For brokers working with Verdegard, this means a competitive advantage through faster response times and more accurate quoting. For employer groups, the partnership combines technological efficiency with pharmacy cost savings - addressing two major concerns in health benefits management.
This collaboration aligns with the broader industry shift toward digitization of insurance administration processes. While traditional TPAs often struggle with legacy systems and manual workflows, this partnership positions Verdegard as a technology-forward administrator equipped to meet the growing market demand for transparency, customization, and rapid implementation in self-funded plans.
Third-party administrators like Verdegard play a crucial role in the self-funded health insurance market, handling vital services such as plan design, claims administration, compliance, and reporting for employer groups. Verdegard is an integrated, concierge-level TPA owned by MedImpact, the largest independent pharmacy benefit manager (PBM) in the
"Health In Tech is committed to transforming the way TPAs operate," said Dustin Plantholt, Chief Growth Officer at Health In Tech. "Our eDIYBS platform equips partners like Verdegard to be able to quote and implement self-funded health plans faster and more accurately. Combined with Verdegard's pharmacy cost advantages through MedImpact, this collaboration means brokers and employers benefit from agility, cost savings, and a more seamless experience."
Chris Wrba, Vice President of Sales & Marketing at Verdegard Administrators, highlighted the benefits to their clients and broker partners:
"Partnering with Health In Tech allows us to bring next-level efficiency and customization to our services. The eDIYBS platform gives our broker partners the power to generate quotes and plan designs instantly, which enhances our ability to serve employers with tailored solutions and exceptional responsiveness. We're excited about the opportunities this creates for growth and for delivering outstanding value to our clients."
The collaboration between Health In Tech and聽Verdegard Administrators underscores both companies' dedication to modernizing the self-funded insurance industry and empowering stakeholders across the ecosystem with technology-driven solutions.
About Health In Tech聽
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 .
About Verdegard Administrators
Verdegard offers a complete suite of innovative, integrated, and concierge-level services. Plan designs include PPO options, reference-based, level funded, and hybrid plans which provide unique transparency, patient advocacy, and cost containment options to maximize the benefits and savings. Learn more at .
Investor Contact
Investor Relations:
[email protected]
View original content to download multimedia:
SOURCE Health In Tech
FAQ
What is the partnership between Health In Tech (HIT) and Verdegard Administrators?
How many members does Verdegard's parent company MedImpact serve?
What benefits does the HIT-Verdegard partnership offer to brokers?
How will the Health In Tech partnership affect Verdegard's TPA services?
What is Health In Tech's eDIYBS platform?
