Msp Recovery Inc 's

The company obtains irrevocable assignments of recovery rights from assignors, enabling it to act as the plaintiff in litigation and maintain control over recovery efforts. This approach differs from competitors, who typically operate under third-party vendor contracts without assuming similar risks. As of December 31, 2024, the company holds a portfolio of claims with a billed amount of approximately $1.591 billion and a paid amount of $380 million. It utilizes proprietary data analytics and a HIPAA-compliant IT platform to manage sensitive data and engage counterparties. Competitors include in-house recovery departments, collection and financial service companies, as well as firms such as Cotiviti Holdings, Inc.; Claritev Corp.; Encore Capital Group; Inovalon Holdings, Inc.; Optum, Inc.; Verisk Health, Inc.; and McKesson Corporation.