MSP Recovery, Inc. Reports Earnings Results for the Full Year Ended December 31, 2023
April 15, 2024 at 07:26 am EDT
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MSP Recovery, Inc. reported earnings results for the full year ended December 31, 2023. For the full year, the company reported revenue was USD 7.71 million compared to USD 23.42 million a year ago. Net loss was USD 56.35 million compared to USD 7.42 million a year ago.
Basic loss per share from continuing operations was USD 6.32 compared to USD 3 a year ago. Diluted loss per share from continuing operations was USD 6.32 compared to USD 3 a year ago.
MSP Recovery, Inc. doing business as, LifeWallet, healthcare recovery and data analytics company. The Company is a Medicare, Medicaid, commercial, and secondary payer reimbursement recovery specialist. It is engaged in disrupting the antiquated healthcare reimbursement system, using data and analytics to identify and recover improper payments made by Medicare, Medicaid, and commercial health insurers. It analyzes historical medical claims data to identify recoverable opportunities. The Company has developed over 1,400 algorithms, which help identify waste, fraud and abuse in the Medicare, Medicaid, and commercial health insurance segments. LifeWallet solutions include LifeWallet Health, LifeWallet Legal, LifeWallet Sports, LifeWallet EDU, and LifeChain. It provides services to other parties in identifying recoverable claims as well as provides data matching and legal services. LifeWallet provides solutions for multiple industries, including healthcare, legal, education, and sports NIL.