NEW YORK, Feb. 17, 2022 /PRNewswire/ -- Marpai, Inc.,
("Marpai") (Nasdaq: MRAI), an AI-technology company transforming
the $22B Third-Party Administrator
(TPA) market supporting self-funded employer health plans, today
announced Google Group Product Manager of healthcare analytics
Lutz Finger is joining the company
as President, Product and Development. Lutz is an esteemed
technologist with a diverse background in building innovative
technology platforms for companies including Google, LinkedIn and
SNAP. In this role, he will create and lead a formal product
management function. He will direct all product development
including internal systems aimed at making Marpai the most
efficient payer in the market and AI-driven products that predict
costly events and help members live healthier lives.
"Lutz is a visionary leader in our industry, an expert in data
science with rich expertise in creating innovative products at the
intersection of AI and healthcare," said Edmundo Gonzalez, co-founder and CEO of Marpai.
"We have a shared vision for the evolution of healthcare, and we
are delighted that he has agreed to join us on this journey of
transforming health plans so we drive costs down and health
outcomes up."
"Lutz knows how to turn AI into usable healthcare products with
a real value proposition," said Dr. Eli
David, Marpai co-founder and Chief Science Advisor. "The
high level of AI and healthcare analytics expertise that he brings
will help us deliver innovative new products that can reduce costs,
enable healthier lives and might even end up on your
smartphone."
"In order to help people to live better lives we need to provide
a road to better health," said Finger, who starts in his new role
at Marpai on February
28th. "I look forward to working alongside some
of the most talented AI and deep learning data scientists in the
world to create an AI driven approach to proactive healthcare that
draws on extensive data analytics and predictive algorithms. AI is
needed to augment and improve healthcare services and Marpai is
leading the way in changing the company health plan by driving
costs down and improving member health."
At Google, Lutz led the health products group where he used AI
to create products to improve consumer health and reduce healthcare
costs. "There's a real revolution going on in how we consume
healthcare services, pay for them and leverage historical data to
deliver new value," says Marpai co-founder and Chairman
Yaron Eitan. "This process requires
a lot of creativity, data and data science. Lutz not only brings
the right experience and skills, he also brings a unique vantage
point from which to envision the future."
Residing in the San Francisco Bay
Area, Mr. Finger brings over 20 years of diversified
experience in data science and product management, most recently at
Google as a Group Product Manager in health products where he
spearheaded life-changing products using AI and healthcare data.
Lutz has served on the faculty at Cornell
University's S.C. Johnson
School of Business, and is a regular contributor to Forbes
Magazine, where he writes about AI and deep learning. His book "Ask
Measure Learn," was published in 2014 and serves as a non-technical
guide on how to extract significant business value from big data.
He serves as an advisor and board member at several data-centric
corporations in Europe and the US,
including Deutsche Bank. He has an MBA from INSEAD as well as an MS
in quantum physics from TU Berlin.
For more information, visit
www.marpaihealth.com.
About Marpai, Inc.
Marpai, Inc. (Nasdaq: MRAI) is a technology company bringing
AI-powered health plan services to employers providing health
benefits to employees. Primarily competing within the $22B TPA (Third Party Administrator) sector
serving self-funded health plans and representing over $1T in
annual health care claims, Marpai's SMART services focus on
reducing claims costs, lowering reinsurance premiums, and elevating
care quality for plan members. Marpai's proprietary deep learning
algorithms predict potential near-term health events for members to
prevent costly claims and improve health outcomes. Operating
nationwide, Marpai offers access to provider networks including
Aetna and Cigna, and partners with brokers and consultants. For
more information, visit www.marpaihealth.com.
Forward-looking
Statements
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, including statements
regarding anticipated fourth-quarter results. Forward-looking
statements can be identified through the use of words such as
"anticipates," "expects," "intends," "plans," "believes," "seeks,"
"estimates," "may," "can," "could", "will", "potential", "should,"
"goal" and variations of these words or similar expressions.
Readers are cautioned not to place undue reliance on these
forward-looking statements, which reflect Marpai's current
expectations and speak only as of the date of this release. 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. 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 website at
http://www.sec.gov.
Media contact:
Erika
Beerbower for Marpai
erika@lightspeedpr.com
407-758-2727
Investor Relations contact:
Dave Gentry
RedChip Companies Inc.
1-800-RED-CHIP (733-2447)
Or 407-491-4498
Dave@redchip.com
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SOURCE Marpai Health