Health In Tech (HIT) Reports Significant Revenue Growth in Q2 | HIT Stock News

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3 days ago

Health In Tech (HIT, Financial) reported a substantial increase in their second quarter revenue, reaching $9.3 million, compared to $5 million in the same period last year. This represents an impressive 86% year-over-year growth. HIT has already realized 89% of its fiscal year 2024 revenue target within the first half of the year. The company's distribution network has grown significantly, now encompassing 778 partners, marking an 87% rise from the previous year.

HIT's expansion strategy includes forming alliances with third-party administrators (TPAs) that provide technology-driven solutions, as well as partnering with regional healthcare benefit providers and service platforms that cater to small businesses. This approach is aimed at broadening HIT's market reach and enhancing the value provided to its customers. Additionally, there has been a 30% increase in billed enrolled employees, highlighting strong interest and adoption of HIT's distinctive services across its network.

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