Welcome to our dedicated page for MSP Recovery news (Ticker: $LIFW), a resource for investors and traders seeking the latest updates and insights on MSP Recovery stock.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect MSP Recovery's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of MSP Recovery's position in the market.
Rhea-AI Summary
LifeWallet announces a comprehensive settlement with a group of affiliated property & casualty insurers, enhancing claims reconciliation capabilities and benefiting Medicare clients. The settlement includes historical data sharing, cooperation in resolving future claims, and assigning rights to collect additional sums. The company is in negotiations with other insurers for similar settlements.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
14.2%
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Rhea-AI Summary
LifeWallet announces a comprehensive settlement with 10 affiliated Property & Casualty Insurers, benefiting Medicare clients across the U.S. and Puerto Rico. The settlement includes historical data sharing, resolution of future Medicare claims, and collaboration for claims reconciliation. LifeWallet continues negotiations with other insurers following a similar basis settlement on Mar 3, 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
14.2%
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Rhea-AI Summary
LifeWallet announces fiscal year and fourth quarter 2023 financial results, highlighting a comprehensive settlement with 28 affiliated property and casualty insurers, advancements in litigation and data-matching strategies, and a $250 million standby equity purchase agreement. Despite a decrease in the Paid Value of Potentially Recoverable Claims, the company continues to make progress in its recovery efforts.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-16.49%
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Rhea-AI Summary
LifeWallet (LIFW) announces a comprehensive settlement with 28 affiliated property and casualty insurers, enhancing claims reconciliation capabilities and resolving Medicare liens efficiently. The settlement includes historical data sharing, coordination of benefits clearinghouse implementation, and a 5-year agreement to resolve relevant Medicare claims. This significant step showcases LifeWallet's commitment to revolutionize healthcare reimbursement systems and achieve positive outcomes for healthcare entities.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
10.68%
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Rhea-AI Summary
NASDAQ: LIFW - LifeWallet Announces Filing of Form 10-Q for Q3 2023
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Rhea-AI Sentiment
End-of-Day
-0.44%
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Rhea-AI Summary
LifeWallet (NASDAQ: LIFW) has received confirmation from Nasdaq that its bid price deficiencies have been cured, and the company is now in compliance with all applicable listing standards. The scheduled hearing before the Nasdaq Listing Qualifications Hearings Panel has been cancelled. LifeWallet's Class A common stock will continue to be listed and traded on Nasdaq. The company will hold its 2023 Annual Meeting of Stockholders on November 1, 2023, at 10am Eastern Time.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.59%
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Rhea-AI Summary
LifeWallet will undergo a reverse stock split at a ratio of 1-for-25 to regain compliance with Nasdaq's bid price requirement. The split-adjusted stock will begin trading on October 13, 2023. Approximately 13.3 million shares will be issued and outstanding after the split.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-19.2%
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Rhea-AI Summary
LifeWallet files quarterly report, PVPRC increases by $1.8B to $91.4B, operating loss of $281.2M, reduction in operating costs of $19.7M expected, total revenue of $2.5M for Q2 2023
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.41%
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Rhea-AI Summary
LifeWallet, a Medicare, Medicaid, commercial, and secondary payer reimbursement recovery and technology leader, has received a notification from Nasdaq for non-compliance with listing rule 5250(c). The company is working to file its Form 10-Q for the period ended June 30, 2023, and plans to hold a conference call to discuss its status and outlook.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.59%
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Rhea-AI Summary
Judge rules in favor of plaintiff in antitrust case against pharmacy benefit manager Express Scripts over price-gouging allegations of Acthar drug. Plaintiffs allowed to proceed to class certification.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.32%
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MSP Recovery, Inc.
Nasdaq:LIFW
LIFW Rankings
LIFW Stock Data
13.99M
11.79M
26.36%
11.09%
1.77%
All Other Business Support Services
Administrative and Support and Waste Management and Remediation Services
United States of America
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About LIFW
msp recovery uses a multi-level structure involving proprietary software and a highly trained staff including it personnel, accountants, statisticians, physicians, data analysts and attorneys to maximize the recovery of claims already paid. msp recovery conducts an analysis to determine which paid claims the health plans, management service organizations, providers of medical services and independent physician associations were not financially responsible for. taking a proactive role in data analytics, msp recovery seeks to find all the paid claims which should have been paid by another payer. the statute of limitations for most claims allows us to recover as far back as 6 years on our clients’ behalf. these efforts establish the basis for msp recovery law firm to shift the burden from the secondary payer (health plan, aco or ipa) to the primary payer (auto insurance, general liability insurance, workers compensation, product liability carriers, etc.). msp recovery law firm focuses o