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MARPAI ANNOUNCES NEW "OFF CYCLE" CLIENT CONTRACT

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Marpai, Inc. (OTCQX: MRAI), a technology platform company operating as a national Third-Party Administrator (TPA), has announced a new off-cycle client contract starting September 1st. This contract strengthens Marpai's presence in the southeast, particularly in Florida, bringing nearly 1,500 employee lives under its innovative self-funding solution. The company, which aims to transform the $22 billion TPA market, continues to grow its client base by offering affordable, intelligent healthcare solutions to self-funded employer health plans.

John Powers, Marpai's President, highlighted the significance of securing an off-cycle client, as most new clients typically start on January 1st. He attributed this success to the company's Marpai Saves program, which focuses on value-oriented solutions and excellent customer service, particularly appealing to businesses in the southeastern United States seeking cost-effective, high-quality healthcare options.

Marpai, Inc. (OTCQX: MRAI), un'azienda tecnologica che opera come Amministratore Terzo Nazionale (TPA), ha annunciato un nuovo contratto cliente fuori ciclo che avrà inizio il 1° settembre. Questo contratto rafforza la presenza di Marpai nel sud-est, in particolare in Florida, portando quasi 1.500 vite di dipendenti sotto la sua innovativa soluzione di autofinanziamento. L'azienda, che mira a trasformare il mercato TPA da 22 miliardi di dollari, continua a far crescere la sua base di clienti offrendo soluzioni sanitarie intelligenti e a prezzi accessibili per i piani sanitari autofinanziati delle aziende.

John Powers, presidente di Marpai, ha sottolineato l'importanza di ottenere un cliente fuori ciclo, poiché la maggior parte dei nuovi clienti di solito inizia il 1° gennaio. Ha attribuito questo successo al programma Marpai Saves, che si concentra su soluzioni orientate al valore e un servizio clienti eccellente, particolarmente attraente per le aziende nel sud-est degli Stati Uniti che cercano opzioni sanitarie economiche e di alta qualità.

Marpai, Inc. (OTCQX: MRAI), una empresa de plataforma tecnológica que opera como Administrador Tercero Nacional (TPA), ha anunciado un nuevo contrato de cliente fuera de ciclo que comenzará el 1 de septiembre. Este contrato fortalece la presencia de Marpai en el sureste, particularmente en Florida, llevando casi 1,500 vidas de empleados bajo su innovadora solución de autofinanciamiento. La empresa, que busca transformar el mercado TPA de 22 mil millones de dólares, continúa ampliando su base de clientes al ofrecer soluciones de atención médica asequibles e inteligentes para los planes de salud autofinanciados de los empleadores.

John Powers, presidente de Marpai, destacó la importancia de asegurar un cliente fuera de ciclo, ya que la mayoría de los nuevos clientes generalmente comienzan el 1 de enero. Atribuyó este éxito al programa Marpai Saves, que se centra en soluciones orientadas al valor y un excelente servicio al cliente, siendo especialmente atractivo para las empresas en el sureste de Estados Unidos que buscan opciones de atención médica rentables y de alta calidad.

Marpai, Inc. (OTCQX: MRAI)는 국가 제3자 관리자로 운영되는 기술 플랫폼 회사로, 9월 1일부터 시작되는 새로운 오프 사이클 클라이언트 계약을 발표했습니다. 이 계약은 Marpai의 동남부, 특히 플로리다에서의 존재감을 강화하며, 거의 1,500명의 직원 생명을 혁신적인 자금자율 솔루션 아래에 두게 됩니다. 이 회사는 220억 달러 규모의 TPA 시장을 변화시키는 것을 목표로 하며, 자금자를 위한 고용주 건강 플랜에 저렴하고 지능적인 의료 솔루션을 제공함으로써 고객 기반을 계속 성장시키고 있습니다.

John Powers Marpai의 사장은 대부분의 신규 고객이 일반적으로 1월 1일에 시작하는 점을 언급하며 오프 사이클 고객을 확보하는 것의 중요성을 강조했습니다. 그는 이 성공을 가치 중심 솔루션과 뛰어난 고객 서비스를 중시하는 Marpai Saves 프로그램에 기인한다고 말하며, 이는 비용 효율적이고 고품질 의료 옵션을 찾는 미국 동남부의 기업들에 특히 매력적입니다.

Marpai, Inc. (OTCQX: MRAI), une société de plateforme technologique opérant en tant qu'administrateur tiers national (TPA), a annoncé un nouveau contrat client hors cycle qui débutera le 1er septembre. Ce contrat renforce la présence de Marpai dans le sud-est, en particulier en Floride, en intégrant près de 1 500 vies d'employés dans sa solution innovante d'autofinancement. L'entreprise, qui vise à transformer le marché de 22 milliards de dollars des TPA, continue d'élargir sa base de clients en proposant des solutions de santé intelligentes et abordables pour les plans de santé autofinancés des employeurs.

John Powers, président de Marpai, a souligné l'importance de sécuriser un client hors cycle, car la plupart des nouveaux clients commencent généralement le 1er janvier. Il a attribué ce succès au programme Marpai Saves, qui met l'accent sur des solutions orientées vers la valeur et un excellent service à la clientèle, ce qui est particulièrement attrayant pour les entreprises du sud-est des États-Unis à la recherche d'options de soins de santé rentables et de haute qualité.

Marpai, Inc. (OTCQX: MRAI), ein Technologieplattformunternehmen, das als nationaler Dritter-Administrator (TPA) tätig ist, hat einen neuen vertragsübergreifenden Kundenvertrag angekündigt, der am 1. September beginnt. Dieser Vertrag stärkt die Präsenz von Marpai im Südosten, insbesondere in Florida, und bringt nahezu 1.500 Mitarbeiterleben unter seine innovative Selbstfinanzierungslösung. Das Unternehmen, das den 22 Milliarden Dollar schweren TPA-Markt transformieren möchte, wächst weiter seine Kundenbasis durch das Angebot von erschwinglichen, intelligenten Gesundheitslösungen für selbstfinanzierte Arbeitgeber-Gesundheitspläne.

John Powers, Präsident von Marpai, hob die Bedeutung der Sicherung eines vertragsübergreifenden Kunden hervor, da die meisten neuen Kunden normalerweise am 1. Januar beginnen. Er führte diesen Erfolg auf das Marpai Saves Programm zurück, das sich auf wertorientierte Lösungen und hervorragenden Kundenservice konzentriert, was besonders für Unternehmen im Südosten der USA attraktiv ist, die kosteneffektive und hochwertige Gesundheitsoptionen suchen.

Positive
  • Secured a new client contract starting September 1st, adding 1,500 employee lives
  • Strengthening presence in the southeastern United States market
  • Gaining momentum in sales through the Marpai Saves program
  • Attracting attention from self-funded employers and brokers in the target region
Negative
  • None.

Company continues to grow with new business leveraging regional success in the southeast

TAMPA, Fla., Aug. 27, 2024 /PRNewswire/ -- Marpai, Inc. ("Marpai" or the "Company") (OTCQX: MRAI), a technology platform company, operates as a national Third-Party Administrator (TPA) through its subsidiaries. We're transforming the $22 billion TPA market by offering affordable, intelligent, healthcare solutions to self-funded employer health plans. The Company announced that it has closed a new contract with a client which is set to begin on September 1st.

Marpai once again is strengthening its client base in the southeast this time with a partner based in Florida, bringing nearly 1,500 employee lives with an innovative self-funding solution offering the ease of level funding.

John Powers, Marpai President commented, "The vast majority of new clients come on January 1st, so it's always nice to pick up a new client "off-cycle". Our sales team continues to gain momentum by offering our Marpai Saves program driving value-oriented solutions with top notch customer service. It's also been a big plus with our focus on businesses based in the southeastern United States that are looking to save money but not quality. We have definitely hit the radar of numerous self-funded employers and the brokers that represent them."

About Marpai, Inc.

Marpai, Inc. (OTCQX: MRAI) is a technology platform company which operates subsidiaries that provide TPA and 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 claims. Through its Marpai Saves initiative, the Company works to deliver the healthiest member population for the health plan budget. Operating nationwide, Marpai offers access to leading provider networks including Aetna and Cigna and all TPA services. For more information, visit www.marpaihealth.com, the content of which is not incorporated by reference into this press release. Investors are invited to visit https://www.ir.marpaihealth.com. Investor Relations contact: Steve Johnson steve.johnson@marpaihealth.com

Forward-Looking Statement Disclaimer

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. Forward-looking statements can be identified through the use of words such as "anticipates," "expects," "intends," "plans," "believes," "seeks," "estimates," "guidance," "may," "can," "could", "will", "potential", "should," "goal" and variations of these words or similar expressions. For example, the Company is using forward looking statements when it discusses new business and future opportunities. 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 web site at http://www.sec.gov.

(PRNewsfoto/Marpai)

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SOURCE Marpai

FAQ

What is the new client contract Marpai (MRAI) announced on August 27, 2024?

Marpai announced a new off-cycle client contract starting September 1st, 2024, with a Florida-based partner, bringing nearly 1,500 employee lives under its self-funding solution.

How is Marpai (MRAI) expanding its presence in the southeastern United States?

Marpai is expanding in the southeast by securing new clients, like the recent Florida-based partner, and offering its Marpai Saves program which focuses on value-oriented solutions and customer service tailored to the region.

What is the significance of Marpai (MRAI) securing an 'off-cycle' client?

Securing an off-cycle client is significant because most new clients typically start on January 1st. This demonstrates Marpai's ability to attract clients throughout the year and indicates growing market interest in their services.

What is Marpai's (MRAI) strategy for attracting self-funded employers in the southeast?

Marpai's strategy involves offering the Marpai Saves program, which provides value-oriented solutions with top-notch customer service, focusing on businesses in the southeastern United States looking to save money without compromising quality.

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