MSP Recovery, Inc.

The core customers are payers and stakeholders in the healthcare reimbursement chain, especially Medicare, Medicaid, and commercial health insurers that are involved in claims disputes or recovery opportunities. The company also works with providers, patients, plaintiffs’ attorneys, and medical providers when assigning claims, reconciling data, or resolving recoverable claims. Its services are bought because customers need to identify improper payments, recover value from legacy claims, or improve claims processing and settlement outcomes.

Management is trying to refocus the company on its core recovery model, reduce costs, and improve liquidity through a restructuring plan and external financing support. The business is also trying to convert debt into equity, preserve access to bridge funding and working capital, and keep pursuing claims recoveries that can fund future operations. The strategic challenge is to stabilize the balance sheet while proving that the claims portfolio can generate enough recoveries to support the platform.