LifeWallet to empower people to take control
of their health by giving first responders and healthcare providers
easy access to medical and prescription information
Take control of your health. The time is
now!
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;
“Lionheart” or “LCAP”) today announced the launch of LifeWallet,
which is designed to help first responders and healthcare providers
quickly and easily access patient medical histories when they’re
needed most.
LifeWallet, powered by MSP Recovery’s sophisticated data
analytics, will enable informed decision-making and improved
patient care to help save lives. LifeWallet is being created with
high security standards, and private information is protected on a
HIPAA compliant platform from a security perspective.
Starting today, LifeWallet welcomes registrations at
https://www.lifewallet.com.
“Your medical records are stored by healthcare providers across
multiple platforms,” explained MSP Recovery Founder and CEO, John
H. Ruiz. “In many cases, the data is held by various healthcare
entities whose systems do not interconnect. LifeWallet will locate
and organize your medical records so you can access them easily and
efficiently.”
The American healthcare system relies upon a series of data
systems which are currently fragmented. Data is stored in passive
knowledge silos that are ill-equipped to handle the complexity of
the healthcare system. After years of following the data journeys
of millions of patients, 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.
“With LifeWallet, you will have control over your medical and
prescription data and can authorize emergency responders and
healthcare professionals to access your medical records,” said Mr.
Ruiz. “This should result in improved treatment, better outcomes,
and could help save your life.”
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.
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, statements and projections
regarding projected MSP claims by paid amounts, projected recovery
percentages, forecasts relating to key revenue drivers, earnings
growth, gross and cumulative recoveries 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 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.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20220110005388/en/
For Media: ICR, Inc. MSP@icrinc.com
For Investors: ICR, Inc. Marc Griffin
Marc.Griffin@icrinc.com
Lionheart Acquisition Co... (NASDAQ:LCAPW)
Historical Stock Chart
From Sep 2024 to Oct 2024
Lionheart Acquisition Co... (NASDAQ:LCAPW)
Historical Stock Chart
From Oct 2023 to Oct 2024