TAMPA, Fla. - Marpai, Inc. (NASDAQ:MRAI), a Third-Party Administration (TPA) company operating in the self-funded employer health plan sector, has announced a three-year service agreement with a regional organization in the Southeast. The deal, which began this month, is expected to cover at least 20,000 households by the end of 2024.
Marpai's President, John Powers, expressed satisfaction with the new client acquisition, highlighting the company's agility and cost-effective solutions as pivotal to securing the contract. This development comes as businesses face ongoing economic challenges, including inflationary pressures.
The company, competing in the $22 billion TPA market, aims to offer affordable healthcare options and a positive member experience. Marpai provides access to major provider networks such as Aetna and Cigna (NYSE:CI) and delivers a range of TPA services across the nation.
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