LifeWallet Powered by MSP Recovery Now
Available in Apple’s AppStore
LifeWallet Continues to Expand Its Roster of
Collegiate Athletes with NIL Contracts
MSP Recovery, LLC (“MSP Recovery” or “MSP”), a Medicare,
Medicaid, commercial, and secondary payer reimbursement recovery
leader, that in July agreed to a business combination with
Lionheart Acquisition Corporation II (Nasdaq: LCAPU, LCAP, LCAPW)
today announced that since releasing LifeWallet Powered by MSP
Recovery less than a month ago, the data of more than 1 million
patients has been uploaded onto the LifeWallet platform in
partnership with leading healthcare providers.
MSP Recovery also announced the launch of LifeWallet Powered by
MSP Recovery on Apple’s AppStore, allowing Americans easier access
to this technology, which is designed to help save lives by giving
individuals control over their own healthcare history when they
need it most.
The LifeWallet app’s facial recognition technology will speed
access to vital medical records and allow users to give first
responders access to critical life-saving information. MSP also
expects LifeWallet to be available for download for Android devices
in the Google Play Store.
LifeWallet has also entered into agreements with dozens of
collegiate athletes through “name image and likeness” (NIL)
contracts, including University of Miami football quarterback Tyler
Van Dyke, and teammates Jake Garcia, James Williams, and Leonard
Taylor, as well as the first female LifeWallet NIL athlete,
University of Miami golfer, Morgan Pankow. LifeWallet is capturing
the medical information of young athletes to help improve their
medical care and patient outcomes.
LifeWallet, powered by MSP Recovery’s sophisticated data
analytics, is designed to help first responders and healthcare
providers quickly and easily access patient medical histories when
they’re needed most. The platform will enable informed
decision-making and improved patient care to help save lives.
LifeWallet was created with high security standards, and private
information is protected on a HIPAA compliant platform from a
security perspective.
“Just three weeks after we launched LifeWallet, it’s become very
clear that our vision for LifeWallet is resonating among a growing
group of healthcare providers and their patients,” said MSP
Recovery Founder and CEO, John H. Ruiz. “They see the value of
using LifeWallet to locate, organize and easily access medical
records stored by healthcare providers across multiple
platforms.”
American healthcare data systems are fragmented with data stored
in passive knowledge silos ill-equipped to handle integration
challenges. MSP Recovery has developed a deep understanding of
these data integration issues and through a powerful partnership
with Palantir Foundry, continues to grow a legal and healthcare
data ecosystem.
About LifeWallet
LifeWallet aims to empower people to take control of their
health. When an individual suffers a medical emergency, first
responders and healthcare providers have no information on their
medical history. With LifeWallet, emergency personnel can access a
patient’s critical health information including medications,
history of strokes or heart attacks, even allergies. At the
emergency room and at routine doctors’ visits, patient information
is quickly and seamlessly exchanged. Saving time, saving lives.
LifeWallet is part of MSP Recovery’s Chase to Pay platform,
providing real-time analytics at the point of care, helping
identify the primary insurer, assisting providers in receiving
reasonable and customary rates for accident-related treatment,
shortening MSP’s collection time frame, and increasing revenue
visibility and predictability. To find out more, or register for
LifeWallet, visit: https://www.lifewallet.com/
About 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 against responsible
parties. MSP Recovery provides the healthcare industry with
comprehensive compliance solutions, while innovating life-saving
technologies to help save lives. For more information, visit:
www.msprecovery.com
No Offer or Solicitation
No offer or offering of equity interests or securities of any
kind is being made, conducted or extended at this time. This
communication is for informational purposes only and does not
constitute or include an offer to sell, or a solicitation of an
offer to purchase or subscribe for, equity interests or securities
of any kind or a solicitation of any vote of approval, nor shall
there be any sale, issuance or transfer of any such securities in
any state or jurisdiction in which such offer, solicitation or sale
would be unlawful prior to registration or qualification under the
securities laws of such jurisdiction. Any such offer or
solicitation will be made only in connection with the delivery of a
prospectus meeting the requirements of the Securities Act of 1933,
as amended (“Securities Act”), or exemptions therefrom.
Cautionary Note Regarding Forward Looking Statements
This communication includes forward looking statements within
the meaning of the safe harbor from civil liability provided for
such statements by the Private Securities Litigation Reform Act of
1995 (set forth in Section 21E of the Securities Exchange Act of
1934, as amended (“Exchange Act”) and Section 27A of the Securities
Act, which include information relating to future events, future
financial performance, strategies, expectations, competitive
environment, regulation and availability of resources and involve
known and unknown risks, uncertainties and other factors which may
cause our actual results, performance or achievements to be
materially different from any future results, performances or
achievements expressed or implied by the forward-looking
statements. These statements are often accompanied with or by words
such as “expects”, “plans”, “ projects”,” forecasts”,” estimates”,”
intends”, “expects”, “anticipates”, “seeks”, “ targets”,
“continues”, “ believes”, “opinion”, “will”, “could”, “future”,
“growth”, or “may” (or the negatives thereof) or other similar
expressions that predict or indicate future events or trends or
that are not statements of historical matters. These forward
looking statements include, but are not limited to, statements
regarding MSP’s plans, goals and objectives, forecasts, budgets or
projections and any related assumptions and statements and the
implied enterprise value and MSP’s expectations with respect to
future performance. There is no guarantee that prospects or results
or the timing of events included or referred to in this
communication, including the continued utilization of LifeWallet,
or that it will save lives, will be achieved or that MSP will be
able to implement successfully its investment strategy or achieve
its investment objectives or return targets. Accordingly, we
caution you against relying on forward-looking statements. Forward
looking statements also are subject to a number of significant
risks and uncertainties that could cause the actual results to
differ materially, and potentially adversely, from those express or
implied in the forward-looking statements. These statements are
based on various assumptions, whether or not identified in this
communication, and on the current expectations of management and
are not predictions of actual performance. Actual events and
circumstances are difficult or impossible to predict and may differ
from assumptions, and such differences may be material. Many actual
events and circumstances are inherently subject to significant
business, economic and competitive uncertainties and contingencies,
and are beyond the control of MSP and are difficult to predict.
These forward-looking statements are provided for illustrative
purposes only and are not intended to serve as, and must not be
relied on by any investor as, a guarantee, an assurance, a
prediction or a definitive statement of fact or probability.
Factors that may cause such differences include, but are not
limited to, operating costs and future business, investment,
holding and sale decisions and costs; the risks that the
anticipated benefits of the launch and adoption of LifeWallet are
not realized or are delayed; the risks associated with MSP’s
business, including, among others, MSP’s ability to capitalize on
its assignment agreements and recover monies that were paid by the
assignors; litigation results; the validity of the assignments of
claims to MSP; a determination that MSP’s claims are not
reasonable, related or necessary; the failure of MSP’s clients to
renew their agreements with MSP (or terminate those agreements
early); MSP’s claims being within applicable statutes of
limitations; the inability to successfully expand the scope of
MSP’s claims or obtain new data and claims from MSP’s existing
assignor base or otherwise; the limited number of MSP’s assignors
and the associated concentration of MSP’s current and future
potential revenue; internal improvements to claims and retail
billing processes by MSP’s clients that reduce the need for and
revenue generated by MSP’s products and services; healthcare
spending fluctuations; programmatic changes to the scope of
benefits and limitations to payment integrity initiatives that
reduce the need for MSP’s services; delays in implementing MSP’s
services to its claims; system interruptions or failures;
cyber-security breaches and other disruptions that could compromise
MSP’s data; MSP’s failure to maintain or upgrade its operational
platforms; MSP’s failure to innovate and develop new solutions, or
the failure of those solutions to be adopted by MSP’s existing and
potential assignors; MSP’s failure to comply with applicable
privacy, security and data laws, regulations and standards,
including with respect to third party providers; changes in
legislation related to healthcare programs and policies; changes in
the healthcare market; negative publicity concerning healthcare
data analytics and payment accuracy; competition; successfully
protecting MSP’s intellectual property rights; the risk that third
parties may allege infringement of their intellectual property;
changes in the healthcare regulatory environment and the failure to
comply with applicable laws and regulations or the increased costs
associated with any such compliance; failure to manage MSP’s
growth; the inability to attract and retain key personnel; MSP’s
reliance on its senior management team and key employees and the
loss it could sustain if any of those employees separated from the
business; the failure of vendors and providers to deliver or
perform as expected, or the loss of such vendors or providers;
MSP’s geographic concentration; MSP’s relatively limited operating
history, which makes it difficult to evaluate its current or future
business prospects; the impact of the ongoing COVID-19 pandemic;
and the risk that MSP may not be able to develop and maintain
effective internal controls. The foregoing list of factors is not
exhaustive. If any of these risks materialize or MSP’s assumptions
prove incorrect, actual results may differ materiality from the
results implied by these forward-looking statements. There may be
additional risks that we do not presently know or currently believe
are immaterial that could also cause actual results to differ from
those contained in the forward-looking statements. The foregoing
list of factors is not exclusive. This communication speaks only as
of the date indicated, and the statements, expressions, information
and data included therein may change and may become stale,
out-of-date or no longer applicable. We do not have, and do not
undertake, any obligation to update, amend or revise this
communication (or to provide new, amended or revised materials),
including with respect to any forward-looking statements, whether
as a result of new information, future events, changed plans or
circumstances or any other reason, except as required by law. The
communication should not be relied upon as representing our
assessments as of any date subsequent to the date of this
communication. Accordingly, undue reliance should not be placed
upon the communication, including the forward-looking
statements.
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version on businesswire.com: https://www.businesswire.com/news/home/20220131005515/en/
For Media: ICR, Inc. MSP@icrinc.com
For Investors: ICR, Inc. Marc Griffin
Marc.Griffin@icrinc.com
Lionheart Acquisition Co... (NASDAQ:LCAPW)
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から 10 2024 まで 11 2024
Lionheart Acquisition Co... (NASDAQ:LCAPW)
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