TAMPA,
Fla., April 24, 2024 /PRNewswire/
-- Marpai, Inc. ("Marpai" or the "Company") (Nasdaq:
MRAI), an independent national Third-Party Administration
(TPA) company transforming the $22
billion TPA market supporting self-funded employer health
plans with affordable, intelligent, healthcare, today announced the
strategic hiring of two industry-renowned salespeople,
significantly strengthening its sales force with a focus on
accelerating its growth trajectory. These appointments
underscore Marpai's commitment to accelerating growth and expanding
its market reach.
The new additions to the Marpai team bring a wealth of
experience and proven track records of success.
- Richard Brewer joins
Marpai as its Chief Strategy Officer. Richard has 3 decades of
experience working with brokers to help self-funded health plans
take control of their medical benefit spend. Throughout his career,
Richard has consistently achieved outstanding results by using
innovative approaches that not only reduce plan spend but also
improve the member experience.
- Ben Utz joins as Marpai's
Vice President of Strategic Accounts. Ben comes to Marpai as an
industry leader in the analytics and payment integrity sectors. He
has specific expertise in Reference Based Pricing (RBP) and
building High Performing Networks (HPN). Marpai's Centers of
Excellence for both RBP and Preferred Provider Organization (PPO)
plan administration, enable him to tailor solutions to meet each
client's unique goals.
"We could not be more excited to welcome Ben and Richard to the
Marpai team," said John Powers,
President of Marpai Inc. "As we looked to grow our team, we only
considered professionals that are proven winners. Ben and I have
worked together for over five years and during that time, we
partnered together to win several large accounts. I've known
Richard for over a decade and not only admired his sales results
but also the fact that he's one of the most respected professionals
in our space. The addition of Ben and Richard to the Marpai
team reinforces the Company's commitment to delivering innovative,
cost-effective healthcare solutions while ensuring the highest
quality of care for health plan members."
About Marpai, Inc.
Marpai, Inc. (Nasdaq: MRAI) is a leading, national TPA company
bringing 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. Marpai works
through its Marpai Saves initiative to deliver the
healthiest member population for the health plan budget. Operating
nationwide, Marpai offers access to leading provider networks
including Aetna and Cigna as well as the industry's best Reference
Based Pricing firms. For more information,
visit www.marpaihealth.com, the content of which is not
incorporated by reference into this press release.
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 that these hires reflect its
focus on accelerating its growth trajectory and its commitment to
accelerating growth and expanding its market reach. 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 (the "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