MSP Recovery, Inc..
MSPR.US | Data processing, hosting and related activities
MSP Recovery, Inc. is a data analytics and technology company focused on recovering improperly paid claims in the healthcare industry. The company leverages its proprietary data analytics platform to identify and pursue claims where healthcare payers (e.g., insurance companies, government entities) ...Show More
Better Health for All
0
The company's core business involves recovering improper healthcare payments.
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Its LifeWallet platform is designed to help first responders and healthcare providers quickly access patient medical histories, with over 1 million patient records uploaded within a month of its January 2022 launch.
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However, there is no evidence of actual improved patient care or outcomes resulting from this. The company does not generate revenue from products with direct health impacts. MSP Recovery demonstrates strong data responsibility, having achieved HITRUST CSF® v11.1.0 certification on October 13, 2023, and SOC 2 Type II compliance as of March 2, 2023, in addition to being HIPAA compliant.
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Fair Money & Economic Opportunity
0
MSPR.US does not offer lending or deposit services, consumer credit products, or financial education programs, resulting in a score of 0 for most KPIs. The company's core business is healthcare claims recovery for institutional payers like Medicare, Medicaid, and commercial entities, not direct financial services to consumers.
1
For fair lending compliance, the company's quarterly financial statements for June 30, 2022, and September 30, 2022, required restatement and should no longer be relied upon.
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This indicates a significant compliance issue, which maps to a score of -60. An SEC investigation into various matters, including these restatements, was initiated in August 2022 and concluded in December 2025 with no enforcement action recommended against the company or its officers.
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Fair Pay & Worker Respect
0
No evidence available to assess MSP Recovery, Inc. on Fair Pay & Worker Respect.
Fair Trade & Ethical Sourcing
0
MSPR.US operates as a data analytics and technology company focused on healthcare claims recovery.
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Its business model primarily involves data analysis, technology platforms, and legal/administrative actions, rather than the procurement or trade of physical commodities.
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The provided articles contain no information or evidence pertaining to fair trade certifications, supplier audits, forced or child labor incidents in a supply chain, traceability of materials, remediation of supply chain violations, ethical sourcing clauses in supplier contracts, spend on high-risk materials, or supplier diversity spend.
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Therefore, all KPIs related to Fair Trade & Ethical Sourcing are omitted due to a lack of relevant data.
Honest & Fair Business
-40
The company has not incurred ethics-related regulatory fines in the past three years, as the SEC concluded its investigation without recommending enforcement action against the company, its CEO, or officers.
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However, the SEC initiated an investigation on August 11, 2022, which lasted more than three years.
2
MSPR.US has faced multiple financial restatements; quarterly financial statements for June 30, 2022, and September 30, 2022, required restatement, and on April 14, 2023, the company announced that financial statements for several prior reporting periods would need to be restated.
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The company has also been subject to significant controversies, including a securities class action lawsuit filed in August 2023 alleging false or misleading statements and inadequate disclosure of issues requiring financial restatements.
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A Miami Herald article in July 2023 alleged federal civil and criminal investigations, and Cano Health sued MSP in August 2023, alleging fraudulent business practices.
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Kind to Animals
0
No evidence available to assess MSP Recovery, Inc. on Kind to Animals.
No War, No Weapons
0
No evidence available to assess MSP Recovery, Inc. on No War, No Weapons.
Planet-Friendly Business
0
The provided articles discuss general environmental impacts of data centers, including energy consumption, water usage, heat emission, habitat destruction, and waste disposal.
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They also mention local opposition to a data center project in Farmington, Minnesota, due to concerns about water usage and energy consumption.
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However, all articles explicitly state that they do not contain any specific data relevant to MSPR.US or its Planet-Friendly Business metrics.
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Therefore, no KPIs can be scored based on the provided evidence.
Respect for Cultures & Communities
0
No evidence available to assess MSP Recovery, Inc. on Respect for Cultures & Communities.
Safe & Smart Tech
0
No evidence available to assess MSP Recovery, Inc. on Safe & Smart Tech.
Zero Waste & Sustainable Products
0
No evidence available to assess MSP Recovery, Inc. on Zero Waste & Sustainable Products.