AI Predicts Health Events to Reduce Costly Claims
Beyond providing traditional TPA services, Marpai has a $50MM+ tech platform with proprietary deep learning algorithms that predict near-term health events to prevent costly health claims. The models predict potential health events related to chronic illness e.g. Type 2 Diabetes, COPD and major procedures e.g. knee surgery. These predictions activate early clinical intervention that put members on the best care journey (high quality, no excessive or unnecessary costs) and mitigate developing conditions.
Marpai is an AI technology company using predictive deep learning models and SMART automation to transform the $22B third-party administration (TPA) sector within the self-funded company health plan market ($1T+ in annual health claims). Operating nationwide and serving over 50K health plan members today, Marpai uses innovative tech-enabled features and traditional TPA services to help create healthier members and radically reduce health plan costs. Marpai’s technology focuses on reducing claims costs (#1 cost), lowering stop loss premiums (#2 cost) and driving better member behavior (#1 cost driver). By predicting health events to prevent costly claims, guiding members to high-value providers so they avoid overpriced, low quality care and with tech tools that make it easy for members to make use their benefits, Marpai is working to create healthier lives and healthier bottom lines.