Ben Haner's questions to MSP Recovery (MSPR) leadership • Q3 2022
Question
Ben Haner from Alliance Global Partners requested more details on the LifeWallet Legal Referral Services, asking about the economic model and target customers. He also asked for a technical explanation of how MSP Recovery intercepts the 837 claims form.
Answer
Founder and CEO John Ruiz detailed that the legal referral service will generate revenue by charging law firms significant monthly fees to use the platform for marketing, case processing, and lien resolution. On the technical side, Ruiz explained that the company intercepts the raw 837 form from either the provider or payer before it's processed. This allows MSP to apply its own analytics and ensure data integrity through biometrics, identifying the proper payer in real-time.