Marpai, Inc. · OTC:MRAI
Marpai — Corporate Update (November 2023)
15 slides from Marpai's corporate update, Nov 29, 2023
Slide 1: Investor Webcast November 2023
| MarpaiHealth.com (NASDAQ: MRAI) Investor Webcast November 2023 EXH 99.1
Slide 2: Forward Looking Statements
| 2 Forward Looking Statements This presentation and the statements of representatives and partners of Marpai, Inc. (the “Company”) related thereto contain or may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and other U.S. Federal secu
Slide 3: Agenda
AI Using Claims & Other Data Diabetes Partner Agenda New Leadership Recent Actions Current Initiatives Strategic Vision Questions and Further Information
Slide 4: New Leadership: Damien Lamendola – Chief Executive Officer & Board Member
AI Using Claims & Other Data Diabetes Partner New Leadership Damien Lamendola – Chief Executive Officer & Board Member Founder of Continental Benefits in 2013 (precursor to Marpai Administrators), where he served as the Chief Executive Officer until 2019. His visionary leadership and strategic acume
Slide 5: New Leadership: Steve Johnson – Chief Financial Officer
AI Using Claims & Other Data Diabetes Partner New Leadership Steve Johnson – Chief Financial Officer Seasoned financial executive with a robust background in overseeing financial strategies within diverse industries. Strong background in Mergers & Acquisitions, Treasury and Risk Management. HillCour
Slide 6: New Leadership: Mike Dendy – Board Member
AI Using Claims & Other Data Diabetes Partner New Leadership Mike Dendy – Board Member Currently serving as the CEO of CarynHealth with over 30 years of experience in healthcare benefits. Previously built HPS Paradigm administrators into one of the country’s premier Third-Party Administrators. Found
Slide 7: Recent Actions
AI Using Claims & Other Data Diabetes Partner Recent Actions Withdrawal of S-1 Registration Poor market conditions, extremely dilutive Initiated cost reduction actions to extend the cash flow Executed a 20-person reduction in force in mid-November which is expected to save over $3 million annually a
Slide 8: Recent Actions: Additional Initiatives
AI Using Claims & Other Data Diabetes Partner Recent Actions Additional initiatives: Raising funds through the sale of a non-core asset Potential payment term extension by AXA Working to secure non-dilutive capital Immediate Focus on Righting the Ship
Slide 9: Near Term Achievements and Objectives
AI Using Claims & Other Data Diabetes Partner Near Term Achievements and Objectives Improvement of Operational Metrics Average Turn Around Time Average Speed to Answer Claim Processing – speed and accuracy Initiating further actions to improve customer service Hiring additional industry expertise in
Slide 10: Near Term Objectives
AI Using Claims & Other Data Diabetes Partner Near Term Objectives Executive Sponsorship of our top customers – embracing feedback Target our sales efforts on low margin / high labor industries that will receive year one cost reductions through our programs Completing our ongoing plans for simplific
Slide 11: Strategic Vision
AI Using Claims & Other Data Diabetes Partner Strategic Vision We believe that Marpai is uniquely positioned to provide employers with quality healthcare options along with the tools to drive cost down. Partnered with top national carriers such as Aetna and Cigna. Data analytics driven programs to f
Slide 12: Strategic Vision
AI Using Claims & Other Data Diabetes Partner Strategic Vision The vast majority or $0.82 of every dollar spent goes to actual healthcare services. Many employers, TPAs and other health plans focus on the administrative fees versus the total cost of providing healthcare to their employees. Our visio
Slide 13: Marpai Addresses the Full Spectrum of Care
Marpai Addresses the Full Spectrum of Care 1. Risk Stratified Care Management Enables Customized Treatment 2. Rising Risk: Maximizing the odds for care management 3. Marpai estimate Traditional Care Management Our focus is on the medium to rising risk population1,2,3 Value-Based Care Connect Marpai’
Slide 14: Strategic Vision
AI Using Claims & Other Data Diabetes Partner Strategic Vision Complete the integration of Maestro Health Significantly and rapidly reduce operating costs and strengthen the Company’s balance sheet Increase the share of our clients’ spend utilizing our programs and partners to drive down overall cos
Slide 15: Questions and Further Information
Diabetes Partner Questions and Further Information Investor Relations: Steve Johnson, Chief Financial Officer [email protected] https://ir.marpaihealth.com