Marpai adds clinical solution focused on
effectively managing chronic health conditions to improve health
outcomes, trajectories and plan costs
NEW
YORK, Jan. 5, 2023 /PRNewswire/ -- Marpai, Inc.
("Marpai" or the "Company") (Nasdaq: MRAI), an AI-technology
company transforming self-funded employer health plans, introduces
Marpai Chronic Condition Management to improve the care
journey of members with chronic conditions like heart disease,
respiratory disease, diabetes, kidney disease and mental health.
This is the latest addition to Marpai's Clinical Services Ecosystem
– proven, clinical care solutions, backed by outcome and quality
data, delivering specialized strategies and support to manage
costly conditions. Leveraging the most advanced artificial
intelligence, Marpai's proprietary clinical matchmaking platform
identifies at-risk health plan members where a clinical
intervention can make a meaningful difference and connects them to
an appropriate solution in the Clinical Services Ecosystem. By
addressing costly conditions early and appropriately, Marpai aims
to create healthier lives and reduce health plan costs for
employers.
According to the Centers for Disease Control and Prevention
(CDC), in 2018 51.8% (129 million) of U.S. adults have been
diagnosed with at least 1 of 10 selected chronic conditions: 24.6%
(61 million) with one chronic condition and 27.2% (68 million) with
two or more chronic conditions. It is estimated that 86% of
healthcare costs are attributable to chronic disease which makes it
a formidable challenge for employer health plans, especially
self-funded health plans.
"Chronic conditions are highly prevalent across our member
populations and are extremely costly. We are delighted to introduce
this service to address these issues. Our team of medical experts
use evidence-based tools to help members take the best care
journey. Their efforts have proven to reduce ER visits, hospital
stays and medication costs which significantly helps reduce plan
costs for employers," says Marpai's Chief Executive Officer,
Edmundo Gonzalez.
Marpai Chronic Condition Management brings a team of
nurses, coaches and practitioners to help members move away from
unnecessary ER visits to primary care, lessen the number of
in-patient hospital days, manage post-discharge care and access
affordable medications. The team integrates with Marpai's Pharmacy
Advocates to help members save money on costly specialty
medications. Marpai Chronic Condition Management is
available to current health plan members upon plan renewal and all
new members. Marpai proactively reaches out to at-risk members to
enroll them in the program, and members can self-refer to the
program and enroll if they meet eligibility requirements.
Marpai Chronic Condition Management is part of the
Marpai Cares offering which is available to all health plan
members under Marpai's administration. Marpai's AI-powered clinical
matchmaking system proactively identifies at-risk members where a
clinical intervention could make a meaningful difference within 24
months, and matches them to a clinical solution in its Clinical
Services Ecosystem. The Ecosystem consists of clinical solutions
rigorously vetted by Marpai data scientists and clinicians, and
supported by valid outcome and quality data. Marpai aims to add 15
more Clinical Health Partners by the end of 2023.
For more information visit www.marpaihealth.com or
https://ir.marpaihealth.com for investors.
About Marpai, Inc.
Marpai, Inc. (Nasdaq: MRAI) is a technology company bringing
AI-powered health plan administration and services to employers
that directly pay for employee health benefits (self-funded
employer health plans). Primarily competing in the $22 billion TPA (Third Party Administrator)
sector representing over $1 trillion
in annual claims, Marpai is commited to delivering the healthiest
member population with the greatest cost efficiency within the
health plan budget. Marpai leverages AI and big data to proactively
proactively implement early clinical interventions to improve
near-term outcomes, fill gaps in annual care, and guide members to
high-value in-network providers and pharmacy solutions. Operating
nationwide, Marpai offers access to provider networks including
Aetna and Cigna and delivers all standard TPA services. For more
information, visit www.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, including statements
regarding revenues, employee lives and cash. 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 the expected benefits to be
derived by clients using its solutions and that it aims to add 15
more Clinical Health Partners by the end of 2023. 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, market changes, and 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 (SEC). Investors and
security holders are urged to read these documents free of charge
on the SEC's web site at http://www.sec.gov.
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SOURCE Marpai