Dr. Marty Makary Gives Keynote at Annual Marpai Leadership Conference in Self-Insured Healthcare

Rhea-AI Summary

Marpai (Nasdaq: MRAI) hosted its second annual Broker Retreat in Ft. Lauderdale, showcasing Dr. Marty Makary as the keynote speaker. The event focused on utilizing big data and AI to enhance healthcare outcomes in self-insured plans. Dr. Makary emphasized the importance of quality metrics in transforming healthcare systems and reducing unnecessary medicalization. Marpai's member-centric approach aims to connect members with effective health solutions and promote value-based care. Key insights from the event highlight Marpai's commitment to improving health while managing costs in the $22B Third-Party Administrator market.

Positive

• Engagement of leading industry figures like Dr. Marty Makary to discuss healthcare transformation.
• Focus on quality metrics and AI utilization aligns with Marpai's mission in the self-insured health plan sector.
• Potential for improved health outcomes and cost savings through innovative approaches.

Negative

• None.

Bestselling author and thought leader talks about re-designing health care with a focus on quality to the nation's top brokers and consultants convening at the Marpai Broker Retreat.

NEW YORK, June 23, 2022 /PRNewswire/ -- Marpai, Inc., ("Marpai") (Nasdaq: MRAI), an artificial intelligence (AI)-technology company transforming the $22B Third-Party Administrator (TPA) market supporting self-funded employer health plans, featured Dr. Marty Makary as a keynote speaker at its second annual Broker Retreat held at the Four Seasons hotel in Ft. Lauderdale, FL this week. The annual event brings the nation's top brokers and consultants in self-insured healthcare together from across the country to explore the use of big data and AI to improve health outcomes and savings. In his keynote address, Dr. Makary talked about using quality metrics to transform the healthcare system, especially in the self-insured sector.

"I'm glad to have the opportunity to speak with the country's top brokers and consultants as they can create real change across the industry. We all share an aspiration to lower costs and improve outcomes. By focusing on quality metrics related to the appropriateness of care, we can better address avoidable care and reduce the medicalization of ordinary life," said Dr. Makary.

Lutz Finger, Marpai's President, Product and Development, praised Dr. Makary's accomplishments during his introduction. "Dr. Makary's groundbreaking work shows where we need to go. It aligns with our Marpai Cares member-centric approach to the market which leverages quality data to protect members and guide them to the best health solutions," said Lutz. "It is how we create the healthiest member population for the health plan dollar and get to a value-based care model in the self-insured sector." 

Dr. Marty Makary is a New York Times bestselling author, surgeon and public health researcher who leads efforts to improve the health of populations and re-design health care. He is a member of the National Academy of Medicine and has served as a visiting professor at over 25 medical schools. He has published over 250 peer-reviewed scientific articles with a focus on public policy, vulnerable populations, and new models of health care. His recent book, "The Price We Pay, What Broke American Health Care and How to Fix It," is cited as "A must-read for every American" by Steve Forbes, editor-in-chief, Forbes.

For more information, visit www.marpaihealth.com.  

About Marpai, Inc.

Marpai, Inc. (Nasdaq: MRAI) is a technology company bringing AI-powered health plan services  to employers that directly pay for employee health benefits. Primarily competing in the $22B TPA (Third Party Administrator) sector serving self-funded employer health plans representing over $1T in annual claims, Marpai maximizes the value of the health plan as measured in health outcomes. Marpai takes a member-centric approach that uses AI and big data to connect members to health solutions predicted to have a high probability of positive outcomes, and aims to bring value-based care to the self-insured market. With effective early intervention, disease management, claims processing and proactive member outreach, Marpai works to deliver the healthiest member population for the health plan budget. Operating nationwide, Marpai offers access to provider networks including Aetna and Cigna and all TPA services. For more information, visit www.marpaihealth.com. 

Forward-looking Statements

This press release contains forward-looking statements, as that term is defined in the Private Litigation Reform Act of 1995, that involve significant risks and uncertainties, including statements regarding anticipated fourth-quarter results. Forward-looking statements can be identified through the use of words such as "anticipates," "expects," "intends," "plans," "believes," "seeks," "estimates," "may," "can," "could", "will", "potential", "should," "goal" and variations of these words or similar expressions. For example, Marpai is using forward looking statements in this press release when it discusses that Dr. Makary's work aligns with its Marpai Cares member-centric approach to the market, and the benefits that may be realized using its solution. Readers are cautioned not to place undue reliance on these forward-looking statements, which reflect Marpai's current expectations and speak only as of the date of this release. Actual results may differ materially from Marpai's current expectations depending upon a number of factors. These factors include, among others, adverse changes in general economic and market conditions, competitive factors including but not limited to pricing pressures and new product introductions, uncertainty of customer acceptance of new product offerings and market changes, risks associated with managing the growth of the business. Except as required by law, Marpai does not undertake any responsibility to revise or update any forward-looking statements whether as a result of new information, future events, or otherwise.

More detailed information about Marpai and the risk factors that may affect the realization of forward-looking statements is set forth in Marpai's filings with the Securities and Exchange Commission. Investors and security holders are urged to read these documents free of charge on the SEC's website at http://www.sec.gov.

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SOURCE Marpai

FAQ

What did Dr. Marty Makary discuss at Marpai's Broker Retreat on June 23, 2022?

Dr. Makary talked about the importance of quality metrics in transforming healthcare, particularly in the self-insured sector.

What is Marpai's approach to healthcare services?

Marpai focuses on a member-centric model utilizing AI and big data to connect members to effective health solutions, aiming for value-based care.

What is the significance of the $22B Third-Party Administrator market for Marpai?

The market represents a substantial opportunity for Marpai, which competes in delivering AI-powered health plan services to self-funded employers.

How does Marpai aim to reduce healthcare costs?

By leveraging quality metrics and AI, Marpai seeks to lower costs and improve health outcomes in self-insured healthcare plans.