MARPAI ACCELERATES HEALTHCARE TRANSFORMATION WITH EMPARA COLLABORATION, LAUNCHING UNIFIED HEALTH ENGAGEMENT PLATFORM

Rhea-AI Summary

Marpai (OTCQX: MRAI), a technology platform company in the $22 billion Third-Party Administrator market, has announced a strategic collaboration with Empara to transform self-funded employer health plans. The partnership includes the immediate implementation of Empara's Health Engagement Platform.

The new unified platform will consolidate multiple fragmented tools, apps, and portals into a streamlined solution featuring a member app, partner console, and marketplace. The integration aims to enhance benefit utilization and cost control while improving user experience for plan members and administrators.

According to John Powers, Marpai's President, the full platform is expected to be operational by the end of Q2 2025, marking a significant step in the company's TPA evolution.

Positive

• Strategic partnership with Empara to modernize healthcare platform
• Platform consolidation expected to improve operational efficiency
• Targeting $22 billion TPA market opportunity

Negative

• Full platform implementation not complete until Q2 2025

TAMPA, Fla., March 18, 2025 /PRNewswire/ -- Marpai, Inc. ("Marpai" or the "Company") (OTCQX: MRAI), a technology platform company and a disruptor in the $22 billion Third-Party Administrator ("TPA") market, is taking decisive action to revolutionize self-funded employer health plans. Today, Marpai announces a strategic collaboration with Empara, a healthcare technology innovator, and an immediate rollout of Empara's cutting-edge Health Engagement Platform.

This dynamic move consolidates and replaces multiple fragmented tools, apps, and portals, while delivering a streamlined, user-friendly healthcare experience. Marpai is aiming to empower plan members and administrators with intuitive access to their benefits. The platform integrates a powerful member app, a comprehensive partner console, and a robust marketplace, unlocking significant savings and enhancing benefit utilization. This unified solution aims to put control of health interactions and costs directly into the hands of users.

"We heard our clients' feedback loud and clear, and we're delivering," stated John Powers, President of Marpai. "Marpai is driving operational improvements and this strategic integration of Empara's platform is the next leap forward in our TPA evolution. We're not just talking about change, we're implementing it. We are expecting to have the full platform live by the end of the second quarter of 2025."

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://ir.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; its ability to . 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, changes in healthcare law and regulations and receipt of certain governmental and other regulatory approvals. 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.

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SOURCE Marpai

FAQ

What is the strategic partnership announced between Marpai (MRAI) and Empara?

Marpai (MRAI) is collaborating with Empara to implement their Health Engagement Platform, consolidating multiple healthcare tools into a unified solution for self-funded employer health plans.

When will Marpai's (MRAI) new health engagement platform be fully operational?

The full platform is expected to be live by the end of the second quarter of 2025.

How does the Empara platform integration benefit Marpai (MRAI) users?

The platform provides streamlined access to benefits through a member app, partner console, and marketplace, improving user experience and enabling better cost control.

What market is Marpai (MRAI) disrupting with this new platform?

Marpai is disrupting the $22 billion Third-Party Administrator (TPA) market with this technology platform.