Health In Tech Enters New Collaboration With Verdegard Administrators To Support Brokers And Employer Groups

Health In Tech (NASDAQ:HIT), an Insurtech platform company backed by third-party AI technology, is proud to announce a new collaboration with Verdegard Administrators, a licensed third-party administrator (TPA) based in Arizona. Together, the two companies aim to redefine how TPAs support brokers and employer groups by leveraging Health In Tech's Enhanced Do It Yourself Benefit Systems (eDIYBS) platform.

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 U.S., managing prescription benefits for over 20 million members and processing tens of billions in annual drug transactions. This scale enables Verdegard to offer purchasing power that helps lower drug prices for employer groups—a key advantage for cost-conscious small businesses. By partnering with Health In Tech, Verdegard gains access to advanced digital tools and real-time quoting capabilities that streamline operations, reduce turnaround times, and empower brokers and employers with greater control and transparency.

"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."