In Traditional Chinese Medicine (TCM), Hai Tong Pi belongs to the 'Herbs that dispel Wind and Dampness' category. These herbs typically help treat what's called 'bi pain' (i.e. painful obstruction) in TCM. This roughly corresponds to arthritic and rheumatic conditions with pain, stiffness and numbness of the bones, joints and muscles.
Furthermore Hai Tong Pi is Neutral in nature. This means that Hai Tong Pi typically doesn't affect the balance in your body. Balance between Yin and Yang is a key health concept in TCM. Eating too many "Hot" (Yang) ingredients can lead to an imbalance whereby one has a Yang Excess. The inverse is true as well: too many "Cold" (Yin) ingredients can lead to a Yin Excess. The Neutral nature of Hai Tong Pi means that you don't have to worry about that!
Hai Tong Pi also tastes Bitter and Pungent. The so-called 'Five Phases' theory in Chinese Medicine states that the taste of TCM ingredients is a key determinant of their action in the body. Bitter ingredients like Hai Tong Pi tends to have a cleansing action on the body by clearing Heat, drying Dampness and promoting elimination via urination or bowel movements. On the other hand Pungent ingredients tend to promote the circulations of Qi and Body Fluids. That's why for instance someone tends to sweat a lot when they eat spicy/pungent food.
The tastes of ingredients in TCM also determine what Organs and Meridians they target. As such Hai Tong Pi is thought to target the Spleen, the Kidney and the Liver. In TCM the Spleen assists with digestion, Blood coagulation and Fluids metabolism in the body. The Kidneys do not only regulate the urinary system but also play a key role in the reproductive system and the growth and aging process of the body. The Liver is often referred as the body's "general" because it is in charge of regulating the movements of Qi and the Body Fluids. It also takes a leading role in balancing our emotions.