Health In Tech is revolutionizing healthcare with its unique approach to technology. Our tools and services are not just about reducing costs but also about transforming the healthcare model. We ensure affordability, transparency, and flexibility, all while enhancing service delivery. Discover how our innovative solutions can reshape healthcare economics and put you at the forefront of this innovation.
The Landscape of Healthcare Economics
Healthcare costs are skyrocketing, posing a significant challenge for individuals and organizations alike. The escalating expenses associated with treatment, diagnostics, and administrative complexities are a clear call for efficient solutions. In fact, private health insurance premiums have risen for the third year in a row to a record high of $7,008 annually.
As a leader in the healthcare industry, Health In Tech is stepping up to these challenges with innovative technology solutions. We believe clients deserve a more holistic approach to healthcare and are continuously seeking new ways to shift the landscape of healthcare economics in a way that helps us achieve this goal.
The Role of Technology in Cost Management
We recognize the numerous benefits that technology provides us within the healthcare space, including—but not limited to—streamlining processes, enhancing data accuracy and security, and facilitating better resource management and utilization. Our suite of tools is designed to optimize the process of creating health insurance plans while reducing unnecessary expenses for clients and improving the overall efficiency of the chosen plans.
Health in Tech Tools
Through the tools below, we are reimagining self-funded healthcare. Self-funded healthcare provides increased transparency and access to benefits, improved risk control, transparency compensation, fewer regulations, lower administrative costs, and budget predictability. If you are interested in learning more about it before diving in, click here.
Stone Mountain Risk
Our risk assessment tool offers users innovative stop-loss solutions, enabling more accurate pricing and better risk management. This tool helps broker and TPAs deliver cost-effective solutions to their clients by utilizing technology that predicts and mitigates risk effectively.
This tool utilizes reference-based pricing, group stop-loss captives, community health plans, and PBM Solutions to prioritize transparency and protection for your clients. Click here to learn more about Stone Mountain Risk.
Do It Yourself Benefit Systems
Our eDIYBS platform revolutionizes how brokers and TPAs undergo the proposal and quoting process. The proposal and quoting process is time-consuming, but through our eDIYBS system, it only takes a few minutes. eDIYBS empowers brokers to produce competitive proposals in only 2 minutes and process the necessary application for final rates within 24 hours. Additionally, the tool does not just provide one plan option but rather 13 plans with 4-tier rates in 2 minutes. Brokers and TPAs can also directly upload to DocuSign, further streamlining the process.
Our ancillary products, which include accident indemnity, dental, vision, term life, and GAP coverage, can also be added to these plans to further customize them based on clients’ needs. Click here to get started quoting with eDIYBS.
Additionally, if you are interested in learning more about Stone Mountain Risk group underwriting alongside our eDIYBS tool and to have some of the most frequently asked questions answered, click here.
HI Card
Healthcare plans have created a lot of dysfunction, confusion, and bias over the years. However, Health In Tech’s Hi Card is revolutionizing and optimizing them. Our Hi Card has secure, proprietary technology that leverages existing systems to create a single transaction platform available to providers, payers, and patients. This allows everyone involved in the transaction to have access to the same patient information, including medical history and coverage eligibility. HI Card works to lower patient costs, making healthcare more affordable, streamline claims processing for payers, making healthcare more effective, and faster payment turnaround for providers, making healthcare more efficient.
HI Performance Network
Through our HI Performance Network, we are able to provide brokers and TPAs with access to a select group of healthcare providers that offer services at Medicare-based prices. This availability ensures lower out-of-pocket costs for their clients while stabilizing premiums, which benefits overall cost reductions throughout the industry. Our HI Performance Network is available in 50 states, 4,727 hospitals, and 1,595,049 provider locations, and we are continuing to grow. In some cases, providers’ services can be billed for up to 900% more than Medicare charges. Our network aims to eliminate that by emphasizing the industry’s need for affordable healthcare and transparency. Click here to learn more about our HI Performance Network.
Transparency is essential because it provides greater predictability for plan management, reduced inflation impact, more significant savings, lower costs for out-of-pocket members, lower deductibles or no deductibles, and long-term savings. To learn more about the value of transparency within healthcare, click here.
The Benefits of Health In Tech Solutions
Embracing our innovative and revolutionizing solutions reduces operational costs. It improves patient outcomes by ensuring quicker access to care, more accurate health plan information, and more options to find a plan best suited to their unique needs. The Health In Tech tools allow stakeholders across the healthcare spectrum to achieve significant savings while maintaining high-quality care standards alongside a more comprehensive understanding of their plan nuances.
Learn How Technology Can Reduce Healthcare and More by Partnering with Health In Tech
When effectively applied, technology within the healthcare space has the power to significantly disrupt traditional cost structures and improve efficiencies for brokers and TPAs as well as their clients. Health In Tech is at the forefront of this revolution, offering solutions that promise but also deliver substantial cost savings, more comprehensive service quality, and enhanced transparency within an industry that is confusing and stressful to many. Brokers and TPAs should embrace these innovations to streamline their operations and, underwrite more plans, and transform the healthcare industry together.
If you are interested in getting started with Health in Tech, contact us. You can also catch up on our blog to read the latest insights and tips for Brokers and TPAs, as well as sign up for our newsletter, where we share exclusive content aimed at helping you succeed.