Marpai, Inc. · OTC:MRAI
Marpai — Investor Presentation (November 2023)
15 slides from Marpai's investor presentation, November 2023
Slide 1: Investor Webcast
Investor Webcast November 2023 (NASDAQ: MRAI) | MarpaiHealth.com Proprietary and Confidential. © Marpai, Inc. 2023
Slide 2: Forward Looking Statements
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 securiti
Slide 3: Agenda
Agenda • New Leadership • Recent Actions • Current Initiatives • Strategic Vision AI Using Claims & Other Data • Questions and Further Information Diabetes Partner Proprietary and Confidential. © Marpai, Inc. 2023 | 3
Slide 4: New Leadership
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 acumen were pivotal in establishing Continental
Slide 5: New Leadership
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. AI Using • HillCour’s Chief ClaimsFinancial & Of
Slide 6: New Leadership
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. • Founded and developed Advanced Medical Pric
Slide 7: Recent Actions
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 and is partially offset by approximatel
Slide 8: Recent Actions
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 AI Using Claims & Other Data Diabetes Partner Immediate Focus on Righting the Ship Proprietary and Confidential. © Marpai,
Slide 9: Near Term Achievements and Objectives
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 AI Using • Hiring additional industry expertise in key areas Claims & Other
Slide 10: Near Term Objectives
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 simplification and efficiency AI Using • Small Bu
Slide 11: Strategic Vision
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 AI Using national carriers Claims & such as Aetna and Other Data Cigna. • Data analytics driven Diabetes Partner program
Slide 12: Strategic Vision
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 AI Using employees. Claims & Other Data • Our vision is to red
Slide 13: Marpai Addresses the Full Spectrum of Care
Marpai Addresses the Full Spectrum of Care Our focus is on the medium to rising risk population1,2,3 • Marpai’s goal is to use our clients claim data to get Traditional Care ahead of the curve and Management identify potential issues that may lie beneath the water. • We provide the tools for our mem
Slide 14: Strategic Vision
Strategic Vision 1. Complete the integration of Maestro Health 2. Significantly and rapidly reduce operating costs and strengthen the Company’s balance sheet 3. Increase the share of our clients’ spend utilizing our programs and partners to drive down overall cost AI Using 4. Drive to cash flow posi
Slide 15: Questions and Further Information
Questions and Further Information Investor Relations: Steve Johnson, Chief Financial Officer [email protected] https://ir.marpaihealth.com Diabetes Partner Proprietary and Confidential. © Marpai, Inc. 2023 | 15