LIFW Profile
MSP Recovery, Inc. is a prominent player in the healthcare recoveries and data analytics sector, serving clients across the United States and Puerto Rico. The company specializes in recovering mispaid or incorrectly processed healthcare claims by leveraging advanced data analytics and recovery techniques. Its core services include assisting entities with the identification and pursuit of claims recovery rights, often involving third-party entities to maximize recovery outcomes.
A key offering from MSP Recovery is its Chase to Pay service, which aids healthcare providers in identifying the correct primary insurer at the point of care. This proactive approach helps prevent wrongful payments by ensuring that claims are directed to the appropriate insurer from the outset. This service not only enhances the efficiency of claims processing but also reduces the incidence of erroneous payments that could otherwise impact financial outcomes for healthcare providers.
In addition to claims recovery, MSP Recovery operates LifeWallet, a comprehensive platform designed to organize and manage users' medical records. LifeWallet facilitates the efficient location and access of medical data, offering significant value to both healthcare providers and patients by centralizing important health information and improving overall record management.
Founded in 2014 and headquartered in Coral Gables, Florida, MSP Recovery has positioned itself as a leader in healthcare data analytics and recovery. The company's innovative solutions and commitment to optimizing claims recovery processes underscore its role in transforming healthcare finance management. With a focus on leveraging technology to address complex challenges in claims processing and data management, MSP Recovery continues to drive advancements in the industry.
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