MSP Recovery Data & Analytics, Inc., doing business as MSP Recovery, is a Houston-based specialty finance firm that focuses on the recovery and management of medical claims under government-funded healthcare programs. The company identifies instances where Medicare, Medicaid and other public programs have acted as secondary payers but made primary payments, and it works to secure repayment from responsible third parties. MSP Recovery combines legal expertise with claims processing to help clients recoup overpayments and ensure compliance with complex healthcare regulations.
MSP Recovery offers a comprehensive suite of services that includes contingent recovery, claims analytics, appeals support and subrogation. Through its proprietary data analytics platform, the company processes large volumes of medical billing data to flag potential overpayments and prioritize cases with high recovery potential. Its legal team then issues demand letters, negotiates settlements, and, when necessary, pursues litigation to obtain reimbursements on behalf of clients.
The firm serves a broad range of health plan sponsors, including commercial insurers, third‐party administrators, self‐insured employers and healthcare providers across all U.S. states. By leveraging centralized operations and a network of legal and compliance professionals, MSP Recovery is able to navigate the diverse rules and statutes governing state and federal health benefit programs. This nationwide scope allows the company to support clients with uniform processes and centralized oversight.
Originally established to address the growing Medicare Secondary Payer compliance market, MSP Recovery completed its transition to a publicly traded company through a business combination in 2021 and now trades on the NASDAQ under the ticker symbol LIFW. The company is led by President and Chief Executive Officer Christopher A. Thomas, who brings extensive experience in healthcare finance and recovery services. Under his leadership, MSP Recovery continues to expand its technology offerings and legal capabilities to meet evolving industry needs.
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