MSP Recovery (NASDAQ:MSPR) (NASDAQ: MSPR) is a provider of recovery and compliance services to public and commercial healthcare payers. The company specializes in subrogation and Medicare Secondary Payer (MSP) recovery, helping clients identify and recoup payments that should be borne by third parties rather than the insurer. MSP Recovery’s core offerings include claims review, case development, legal filings, and negotiation services, all designed to reduce wasteful expenditure and ensure payer compliance with federal and state regulations.
At the heart of MSP Recovery’s service model is a proprietary technology platform that integrates data analytics with case management tools. This platform enables the company to process large volumes of claim and policy data, flag potential recovery opportunities, and monitor each case through resolution. Clients benefit from workflow automation, customizable reporting, and real-time dashboards that track the status and financial impact of recovery efforts.
MSP Recovery operates primarily across the United States, serving a diverse roster of clients that includes state Medicaid agencies, Medicare Advantage plans, commercial insurers, third-party administrators, and self-insured employer plans. The company’s services are delivered through a combination of onshore teams and remote support, allowing it to scale resources in line with client needs and maintain consistent quality standards.
Founded in 2008 and headquartered in Clearwater, Florida, MSP Recovery completed its initial public offering in 2018. The company is led by co-founder and Chief Executive Officer Kenneth Levy, whose background spans healthcare law, insurance operations, and financial technology. Under his leadership, MSP Recovery has expanded its service offerings and invested in technology enhancements to streamline the recovery process and strengthen client outcomes.
