MSP Recovery, Inc. Consolidates Brand and Changes Stock Ticker to Reflect Commitment to Medicare Reimbursement Solutions
MSP Recovery, Inc. Consolidates Brand and Changes Stock Ticker to Reflect Commitment to Medicare Reimbursement Solutions
MSP Recovery rebrands to consolidate services, trading under new ticker symbols to enhance secondary payer reimbursements and technological solutions.
MSP Recovery重新品牌化以整合服务,交易的新逐笔明细符号以增强次要支付者的报销和技术解决方案。
Quiver AI Summary
Quiver AI 概要
MSP Recovery, Inc., which operates as LifeWallet, announced a rebranding under its original name, MSP Recovery, to align all its products and services under a unified brand as it focuses on expanding its core business in secondary payer reimbursement recovery. Starting December 9, 2024, the company's common stock will trade on Nasdaq under the new ticker symbol "MSPR," replacing "LIFW." This rebranding reflects the company's commitment to leveraging its technological innovations in Medicare Secondary Payer reimbursement. MSP Recovery's efforts include recent settlements totaling over $10 million with property and casualty insurers and the acquisition of additional Medicare claims valued over $10.6 billion. The company aims to enhance its capability to recover improper payments, particularly in the Medicare Advantage program, highlighting its commitment to improving healthcare efficiency and reducing costs.
MSP Recovery, Inc.作为LifeWallet运营,宣布重新品牌化为其原始名称MSP Recovery,以统一品牌下对所有产品和服务进行整合,同时专注于扩大其在次要支付者报销回收方面的核心业务。从2024年12月9日起,公司的普通股将在纳斯达克以新的逐笔明细符号"MSPR"进行交易,替代"LIFW"。此次重新品牌化反映了公司致力于利用其在医疗保险次要支付者报销方面的技术创新。MSP Recovery的努力包括最近与财产和意外险承保公司达成的超过1000万的和解以及对价值超过106亿的额外医疗保险索赔的收购。该公司旨在增强其回收不当支付的能力,特别是在医疗保险优势计划中,强调其对改善医疗保健效率和减少成本的承诺。
Potential Positives
潜在的积极因素
- The rebranding to MSP Recovery underscores the company's focus on its core business and may strengthen brand recognition in the healthcare reimbursement recovery sector.
- The transition to trading under the new ticker symbol "MSPR" signifies a fresh start and could attract new investors looking for growth opportunities in a consolidated brand.
- The company's acquisition of additional Medicare Secondary Payer claims enhances its ability to recover substantial improper payments, potentially improving financial performance.
- The development of the LifeWallet/Palantir clearinghouse represents a significant technological advancement that could lead to increased efficiency and reduce waste in the healthcare reimbursement process.
- 重新品牌化为MSP Recovery强调了公司对其核心业务的专注,可能增强在医疗保健报销回收领域的品牌认知度。
- 以新的逐笔明细符号"MSPR"进行交易的过渡标志着一个新的开始,并可能吸引寻求增长机会的投资者加入一个整合的品牌。
- 公司对额外医疗保险次要支付者索赔的收购增强了其回收大量不当支付的能力,可能改善财务表现。
- LifeWallet/palantir清算中心的发展代表了一项显著的技术进步,可能导致效率提高并减少医疗保健报销过程中的浪费。
Potential Negatives
潜在负面影响
- Company is changing its brand back to MSP Recovery, which may signal prior brand confusion or other issues that required this consolidation.
- The fact that the company is undergoing a ticker symbol change could indicate potential instability or a shift that investors may view negatively.
- The reliance on settlements and the acquisition of additional claims suggests ongoing challenges in securing recoveries and indicates that the company may be struggling to maintain consistent revenue streams.
- 公司将品牌更改回MSP Recovery,这可能表明之前品牌混淆或需要进行此项整合的其他问题。
- 公司进行逐笔明细符号更改的事实可能表明潜在的不稳定性或变化,投资者可能会对此持消极看法。
- 依赖于和解及收购额外索赔表明在确保收回方面持续面临挑战,并表明公司可能在维持稳定的营业收入来源方面存在困难。
FAQ
常见问题
Why is MSP Recovery changing its name back to MSP Recovery?
为什么MSP Recovery要将名称改回MSP Recovery?
The name change reflects the company's focus on its core business and dedication to innovation in reimbursement recovery.
名称更改反映出公司对其核心业务的专注以及对创新在报销回收中的奉献。
When will MSP Recovery start trading under the new ticker symbol?
MSP Recovery何时将在新的逐笔明细符号下开始交易?
The company will begin trading under the ticker symbol "MSPR" on December 9, 2024.
该公司将在2024年12月9日以"MSPR"作为标的进行交易。
What are the new ticker symbols for the company's warrants?
公司warrants的新标的是什么?
The company's publicly traded warrants will trade under the symbols "MSPRW" and "MSPRZ".
公司的公开交易warrants将以"MSPRW"和"MSPRZ"作为标的进行交易。
What services does MSP Recovery provide?
MSP Recovery提供哪些服务?
MSP Recovery specializes in Medicare, Medicaid, and commercial reimbursement recovery solutions for the healthcare and legal industries.
MSP Recovery专注于医疗保险、医疗救助和商业报销回收解决方案,服务于医疗保健和法律行业。
What recent settlements has MSP Recovery announced?
MSP Recovery最近宣布了哪些和解协议?
MSP Recovery has agreed to five settlements totaling over $10 million against property and casualty insurers for improper payments.
MSP Recovery已同意与财产和意外险保险公司达成五项和解,总额超过$1000万,因不当支付问题。
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
免责声明:这是由GlobeNewswire分发的新闻稿的人工智能生成摘要。用于总结这份稿件的模型可能会出错。请在这里查看完整发布。
$LIFW Insider Trading Activity
$LIFW内部交易活动
$LIFW insiders have traded $LIFW stock on the open market 12 times in the past 6 months. Of those trades, 6 have been purchases and 6 have been sales.
$LIFW的内部人员在过去6个月中12次在公开市场交易$LIFW股票。其中6次为购买,6次为出售。
Here's a breakdown of recent trading of $LIFW stock by insiders over the last 6 months:
以下是过去6个月内部人员对$LIFW股票最近交易的 breakdown:
- TECHNOLOGIES INC. PALANTIR has traded it 6 times. They made 0 purchases and 6 sales, selling 1,732,938 shares.
- JOHN HASAN RUIZ (Chief Executive Officer) has traded it 6 times. They made 6 purchases, buying 878,620 shares and 0 sales.
- 科技公司palantir已经交易了6次。他们没有购买,只有6次出售,卖出了1,732,938股。
- 约翰·哈桑·鲁伊兹(首席执行官)已经交易了6次。他们进行了6次购买,购买了878,620股,未进行出售。
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
要跟踪内部交易,请查看Quiver Quantitative的内部交易特斯拉-仪表。
$LIFW Hedge Fund Activity
$LIFW对冲基金活动
We have seen 9 institutional investors add shares of $LIFW stock to their portfolio, and 15 decrease their positions in their most recent quarter.
我们看到9家机构投资者在最近的一个季度中增加了$LIFW股票的持仓,15家减少了他们的持仓。
Here are some of the largest recent moves:
以下是一些最近最大的交易动态:
- BLACKROCK, INC. added 1,078,135 shares (+1024.8%) to their portfolio in Q3 2024
- CORIENT PRIVATE WEALTH LLC added 157,763 shares (+15.5%) to their portfolio in Q3 2024
- SUSQUEHANNA INTERNATIONAL GROUP, LLP removed 48,589 shares (-100.0%) from their portfolio in Q3 2024
- GEODE CAPITAL MANAGEMENT, LLC added 45,742 shares (+83.7%) to their portfolio in Q3 2024
- SCHONFELD STRATEGIC ADVISORS LLC removed 37,500 shares (-100.0%) from their portfolio in Q2 2024
- PIN OAK INVESTMENT ADVISORS INC added 28,970 shares (+12.3%) to their portfolio in Q3 2024
- BRIDGEWAY CAPITAL MANAGEMENT, LLC removed 25,000 shares (-100.0%) from their portfolio in Q3 2024
- 黑石集团在2024年第三季度增加了1,078,135股 (+1024.8%) 的股份
- Corient私人财富公司在2024年第三季度增加了157,763股 (+15.5%) 的股份
- Susquehanna国际集团在2024年第三季度移除了48,589股 (-100.0%) 的股份
- Geode资本管理公司在2024年第三季度增加了45,742股 (+83.7%) 的股份
- Schonfeld战略顾问公司在2024年第二季度移除了37,500股 (-100.0%) 的股份
- Pin Oak投资顾问公司在2024年第三季度增加了28,970股 (+12.3%) 的股份
- Bridgeway资本管理公司在2024年第三季度移除了25,000股 (-100.0%) 的股份
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
要追踪对冲基金的股票组合,请查看Quiver Quantitative的机构持股仪表板。
Full Release
全面发布
MIAMI, Dec. 06, 2024 (GLOBE NEWSWIRE) -- MSP Recovery, Inc. d/b/a LifeWallet (NASDAQ: LIFW) ("LifeWallet," or the "Company"), a Medicare, Medicaid, commercial, and secondary payer reimbursement recovery and technology leader, today announced the consolidation of all its products, services, and lines of business under a unified company brand: MSP Recovery. The return to its original name reflects the Company's commitment to the expansion of its core business, innovating technological solutions to achieve secondary payer reimbursement recoveries.
迈阿密,2024年12月6日(全球新闻网络)-- MSP Recovery, Inc. 以LifeWallet(纳斯达克:LIFW)为名("LifeWallet"或"公司"),作为医疗保险、医疗补助、商业和次级支付者报告回收及科技领域的领导者,今天宣布将其所有产品、服务和业务线整合为统一的公司品牌:MSP Recovery。恢复原名反映了公司对扩大核心业务的承诺,创新科技解决方案以实现次级支付者的报销回收。
In connection therewith, the Company's common stock will begin trading on Nasdaq under the ticker symbol "MSPR" on December 9, 2024. This ticker symbol will replace the Company's current ticker symbol for its common stock, "LIFW." Additionally, the Company's publicly traded warrants to purchase common stock will begin trading under the ticker symbols "MSPRW" and "MSPRZ." These ticker symbols will replace the Company's current ticker symbols for its publicly traded warrants, "LIFWW" and "LIFWZ," respectively.
因此,公司的普通股将于2024年12月9日在纳斯达克以"MSPR"的逐笔明细开始交易。该逐笔明细将取代公司当前的普通股逐笔明细"LIFW"。此外,公司的公开交易warrants将以逐笔明细"MSPRW"和"MSPRZ"开始交易。该逐笔明细将分别取代公司当前的公开交易warrants逐笔明细"LIFWW"和"LIFWZ"。
The return to the MSP Recovery name highlights the Company's dedication to its roots while embracing future opportunities for growth. By leveraging its extensive expertise in Medicare Secondary Payer reimbursement recovery and advanced proprietary technology, MSP Recovery remains at the forefront of driving efficiency, creating solutions, and optimizing outcomes for the healthcare and legal industries.
返回MSP Recovery名称突显了公司对其根基的奉献,同时拥抱未来的成长机会。通过利用其在医疗保险二次付款人赔偿恢复方面的广泛专业知识和爱文思控股的专有技术,MSP Recovery始终处于推动效率、创造解决方案和优化医疗和法律行业结果的前沿。
MSP Recovery Founder and CEO John H. Ruiz said, "MSP Recovery has always been synonymous with our commitment to innovation, integrity, and excellence in the healthcare reimbursement recovery space." He continued, "This change underscores our expanding core business operations and commitment to combating systemic Medicare waste, affecting the nation's healthcare system and patient care. Our decade-long efforts to reduce healthcare costs and improve efficiency aligns with initiatives of President-elect Donald Trump's newly formed advisory committee, Department of Government Efficiency (DOGE)."
MSP Recovery创始人兼首席执行官约翰·H·鲁伊斯表示:"MSP Recovery一直与我们对创新、诚信和医疗补偿恢复领域的卓越承诺同义。"他继续说道:"这一变化突显了我们不断扩展的核心业务运营和对打击医疗保险系统性浪费的承诺,这反过来又影响了国家的医疗系统和患者护理。我们十年来减少医疗成本和提高效率的努力与当选总统特朗普新成立的政府效率部顾问委员会的计划是一致的。"
MSP Recovery is dedicated to discovering and recovering substantial improper payments within the Medicare and Medicaid systems, particularly focusing on the Medicare Advantage program. These improper payments often result from communication failures among stakeholders, leading to Medicare erroneously covering accident-related injuries and failing to recuperate those funds.
MSP恢复专注于发现和追回医疗保险和医疗补助系统中的大量不当付款,特别关注医疗保险优先计划。这些不当付款通常是由于利益相关者之间的沟通失败,导致医疗保险错误地覆盖与事故相关的伤害,并未追回这些资金。
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Litigation to Recover Improper Payments:
As previously announced
the Company has agreed to five settlements against property and casualty insurers, in aggregate totaling more than $10 million dollars to settle historical claims of improper payments, as well as obtain data to pursue claims for additional improper payments and establish a clearinghouse to efficiently settle future claims with certain P&C Insurers.
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Additional Claims Acquisition:
As previously announced
, the Company paid approximately $2 million dollars to acquire additional Medicare Secondary Payer (MSP) claims with an overall Paid Amount
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exceeding $10.6 billion, encompassing more than 450,000 Medicare members. This claims acquisition enhances the Company's ability to identify and recover improper payments.
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Technological Advancements:
As previously announced
, the Company developed the LifeWallet/Palantir clearinghouse that connects P&C Insurers to health plans, allowing for elimination of waste from improper payments made for accident-related injuries.
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收回不当支付的诉讼:
如之前所宣布的
公司已同意与财产及意外保险公司达成五项和解,合计金额超过1000万美元,以解决历史上的不当支付索赔,并获得数据以追求额外不当支付的索赔,同时建立一个清算所,以有效地与某些财产及意外保险公司结算未来索赔。
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额外索赔获取:
如之前所宣布的
公司支付了大约200万美元以收购额外的医疗保险次级付款人(MSP)索赔,整体支付金额为
1
超过106亿,涵盖超过450,000名医疗保险成员。这次索赔收购增强了公司识别和恢复不当付款的能力。
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技术进步:
如之前所宣布
公司开发了LifeWallet/palantir清算所,将财产及意外保险公司与健康计划连接起来,从而消除因事故相关伤害而产生的不当付款的浪费。
Forward Looking Statements
This press release contains forward-looking statements within the meaning of the federal securities laws. Forward-looking statements may generally be identified by the use of words such as "anticipate," "believe," "expect," "intend," "plan," and "will" or, in each case, their negative, or other variations or comparable terminology. These forward-looking statements include all matters that are not historical facts, including for example statements regarding potential future settlements. By their nature, forward-looking statements involve risks and uncertainties because they relate to events and depend on circumstances that may or may not occur in the future. As a result, these statements are not guarantees of future performance or results and actual events may differ materially from those expressed in or suggested by the forward-looking statements. Any forward-looking statement made by the Company herein speaks only as of the date made. New risks and uncertainties come up from time to time, and it is impossible for the Company to predict or identify all such events or how they may affect it. The Company has no obligation, and does not intend, to update any forward-looking statements after the date hereof, except as required by federal securities laws. Factors that could cause these differences include, but are not limited to, the Company's ability to capitalize on its assignment agreements and recover monies that were paid by the assignors; the inherent uncertainty surrounding settlement negotiations and/or litigation, including with respect to both the amount and timing of any such results; the success of the Company's scheduled settlement mediations; the validity of the assignments of claims to the Company; negative publicity concerning healthcare data analytics and payment accuracy; and those other factors included in the Company's Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and other reports filed by it with the SEC. These statements constitute the Company's cautionary statements under the Private Securities Litigation Reform Act of 1995.
前瞻性声明
本新闻稿包含根据联邦证券法的定义的前瞻性声明。前瞻性声明通常可以通过使用诸如"预期"、"相信"、"期望"、"意图"、"计划"和"将"等词语,以及在每种情况下它们的否定形式或其他变体或可比术语来识别。这些前瞻性声明包括所有非历史事实的事项,例如关于潜在未来和解的声明。由于其性质,前瞻性声明涉及风险和不确定性,因为它们与事件有关,并且取决于未来可能发生或可能不发生的情况。因此,这些声明并不是对未来表现或结果的保证,实际事件可能与前瞻性声明中所表达或暗示的情况大相径庭。公司在此作出的任何前瞻性声明仅在作出之日有效。新的风险和不确定性不时出现,公司不可能预测或识别所有这些事件或它们可能如何影响公司。公司没有义务,也不打算在此日期之后更新任何前瞻性声明,除非联邦证券法要求。可能导致这些差异的因素包括但不限于公司利用其转让协议并追回由转让人支付的款项的能力;和解谈判和/或诉讼的固有不确定性,包括关于任何结果的金额和时间的固有不确定性;公司安排的和解调解的成功;对公司索赔转让的有效性;有关医疗保健数据分析和支付准确性的负面宣传;以及公司年度报告Form 10-k、季度报告Form 10-Q和提交给SEC的其他报告中包含的其他因素。这些声明构成了公司根据1995年《私人证券诉讼改革法》的警示声明。
About MSP Recovery
关于MSP Recovery
Founded in 2014, MSP Recovery has become a Medicare, Medicaid, commercial, and secondary payer reimbursement recovery leader, disrupting the antiquated healthcare reimbursement system with data-driven solutions to secure recoveries from responsible parties. MSP Recovery provides comprehensive solutions for multiple industries including healthcare and legal. For more information, visit: LIFEWALLET.COM.
MSP Recovery成立于2014年,已成为医疗保险、医疗补助、商业和次级付款人赔偿恢复的领导者,通过数据驱动的解决方案破坏了过时的医疗保健赔偿体系,以确保从责任方获得恢复。MSP Recovery为多个行业提供全面的解决方案,包括医疗保健和法律。欲了解更多信息,请访问:LIFEWALLEt.COm。
CONTACTS:
Media
Media@lifewallet.com
Investors
Investors@lifewallet.com
联系方式:
媒体
Media@lifewallet.com
投资者
Investors@lifewallet.com
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"Paid Amount" (a/k/a Medicare Paid Rate or wholesale price) means the amount paid to the provider from the health plan or insurer. This amount varies based on the party making payment. For example, Medicare typically pays a lower fee for service rate than commercial insurers. The Paid Amount is derived from the Claims data we receive from our Assignors. In the limited instances where the data received lacks a paid value, our team calculates the Paid Amount with a formula. The formula used provides rates for outpatient services and is derived from the customary rate at the 95th percentile as it appears from standard industry commercial rates or, where that data is unavailable, the Billed Amount if present in the data. These amounts are then adjusted to account for the customary Medicare adjustment to arrive at the calculated Paid Amount. Management believes that this formula provides a conservative estimate for the Medicare paid amount rate, based on industry studies which show the range of differences between private insurers and Medicare rates for outpatient services. We periodically update this formula to enhance the calculated paid amount where that information is not provided in the data received from our Assignors. Management believes this measure provides a useful baseline for potential recoveries, but it is not a measure of the total amount that may be recovered in respect of potentially recoverable Claims, which in turn may be influenced by any applicable potential statutory recoveries such as double damages or fines. Where we have to extrapolate a Paid Amount to establish damages, the calculated amount may be contested by opposing parties. The figures pertaining to Medicare Member Lives as well as the paid amount were tabulated based on the data provided by health care plans; these figures may be subject to adjustment upon further investigation of the paid amounts reflected by the health plans.
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1
"已支付金额"(即医疗保险支付率或批发价格)是指从健康计划或保险公司支付给提供者的金额。此金额根据支付方的不同而有所差异。例如,医疗保险通常为服务支付的费用率低于商业保险公司。已支付金额来源于我们从委托人那里收到的索赔数据。在接收的数据中缺少支付值的有限情况下,我们的团队使用公式计算已支付金额。所使用的公式提供门诊服务的费率,来源于标准行业商业费率在第95个百分位的习惯性费率,或者在无法获得该数据的情况下,如果数据中存在,则使用账单金额。然后这些金额会进行调整,以考虑医疗保险的习惯性调整,以得出计算的已支付金额。管理层认为,这个公式提供了保守估算的医疗保险已支付金额率,基于行业研究显示私营保险公司与医疗保险门诊服务费率之间的差异范围。我们定期更新这个公式,以增强在从委托人那里接收到的数据中未提供的信息的计算已支付金额。管理层相信,这个指标提供了潜在回收的有用基准,但它并不是针对潜在可回收索赔可能恢复的总金额的衡量,这可能会受到任何适用的潜在法定回收的影响,例如双倍赔偿或罚款。当我们必须推断已支付金额以确定损害赔偿时,计算的金额可能会被对方当事人质疑。关于医疗保险成员生命以及已支付金额的数据是根据健康保险计划提供的数据进行统计的;这些数据可能会在进一步调查健康计划中反映的已支付金额后进行调整。
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