Investor Relations
SELF-FUNDED EMPLOYER HEALTHCARE
Employer health plans cover 165 million Americans and 64% are self-funded, meaning employers pay for the healthcare directly. Self-funded employer health plans require a Third Party Administrator (TPA) which is a $22+ billion industry and growing. Marpai is a technology company transforming Third Party Administration by leveraging the most advanced Artificial Intelligence to create the healthiest members with the greatest cost efficiency for any health plan budget.
Marpai brings deep learning and data analytics to the rapidly growing, low-tech TPA sector to deliver affordable, intelligent, healthcare to employers and their health plan members. For the same price as an average TPA, Marpai proactively engages members in an effort to reduce avoidable, excessive, inappropriate and overpriced care. Marpai uses Artificial Intelligence to identify and connect at-risk members to proven clinical solutions early, reminds members to make annual exams and guides them to low-cost, quality in-network providers. The myMarpai App is a personal health GPS that gives members on-demand access to benefits, costs, deductibles, telehealth and more. No TPA offers these services in their standard fee. Marpai has its own PBM (pharmacy benefits management solution), MarpaiRx, that offers deep discounts on medications and significant savings to employers.
Marpai’s operations are highly cost efficient. The $50+ million tech platform delivers a sustainable competitive advantage.
Marpai, Inc. (OTCQX: MRAI) is a leading, national Third Party Administrator (TPA) bringing data driven, value-oriented health plan services to employers that directly pay for employee health benefits. Primarily competing in the $22 billion TPA sector serving self-funded employer health plans representing over $1 trillion in annual medical claims. Marpai works to deliver the healthiest member population for your company's health plan budget utilizing our proactive data analytics programs, Artificial Intelligence tools and high quality partners. Marpai also provides a comprehensive program of cost containment solutions to save our clients and their members valuable capital. Operating nationwide, Marpai offers access to leading provider networks including Aetna and Cigna and a full suite of TPA services including a mobile app.
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.
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