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Stock impact report

Health In Tech's Upgraded eDIYBS Unlocks Large-Employer Underwriting with Speed and Scale [Yahoo! Finance]

Health In Tech, Inc. - Class A (HIT) 
Company Research Source: Yahoo! Finance
technology, today announced a major expansion of its Enhanced Do-It-Yourself Benefit System (eDIYBS). Previously, a fast and simple underwriting solution focusing on small employers, eDIYBS now extends its capabilities to the mid- and large-employer market, reducing quoting timelines. This breakthrough enables brokers serving employers with 150 or more employees to seamlessly upload claims files in a variety of formats—pictures, PDFs, spreadsheets—and HIT's AI document intake engine almost instantly reads, organizes, and processes the data. The result, following an accelerated underwriting process resulting from the use of this technology: accurate, bindable quotes delivered in rapid time, across both small and large-employer segments on a single platform. "For small employers, eDIYBS already cut the purchase process for traditional quotations from approximately 14 days to just about two minutes," said Tim Johnson, CEO of Health In Tech. "Now, with this upgrade, we're bringing tha Show less Read more
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