Marpai, Inc. Provides Revenue Guidance for the Second Quarter and Full Year 2023
May 11, 2023 at 02:23 am IST
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Marpai, Inc. provided revenue guidance for the second quarter and full year 2023. For the second quarter, the company expects revenues to be in a range of $9.5 million to $9.8 million.
For the year, the Company continues to expect annual revenues to be between $34 million and $35 million.
Marpai, Inc. is a technology-driven healthcare company, which uses artificial intelligence (AI) and data analytics. The Company provides administrative services and acts as a third-party administrator (TPA) to self-insured employers who provide healthcare benefits to their employees. Its products and services include Health Plan Administration services, Ancillary In-House services, and Third-Party Vendor services. Its Health Plan Administration services offering includes handling all aspects of administration related to a healthcare plan. Its In-House Ancillary Services are derived from its in-house products related to its role as the administrator of the clients' health plans. The Company typically design healthcare benefit plan for its client, which allows the client to define the coverage it would like to provide to its employees. The Company offers MarpaiRx, a national pharmacy benefit management program.
MARPAI, INC. 
