MSP Recovery, Inc. Appoints Francisco Rivas-Vásquez, C.P.A., as Principal Financial Officer
November 02, 2023 at 08:01 pm
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On November 1, 2023, MSP Recovery, Inc. d/b/a LifeWallet?s Board of Directors appointed Francisco Rivas-Vásquez, C.P.A., as the Company?s Chief Financial Officer and principal financial officer. Mr. Ricardo Rivera will no longer serve as the Company?s interim CFO, although Mr. Rivera will continue to serve as the Company?s Chief Operating Officer. Mr. Rivas-Vásquez, age 45, joins LifeWallet from BDO LLP, where he served as Transaction Advisory Services Managing Director since 2022. Mr. Rivas-Vásquez served as Deal Advisory Director for KPMG LLP from 2010 to 2022, and Senior Associate for KPMG LLP from 2005 to 2010. From 2002 to 2005, Mr. Rivas-Vásquez served as Audit Senior/Staff Accountant for Ernst & Young LLP. Mr. Rivas-Vásquez received a Master of Science in Accountancy from the University of Notre Dame and a bachelor?s degree in business administration from the University of Miami.
In connection with Mr. Rivas-Vásquez appointment as CFO and principal financial officer, on August 31, 2023, the Company entered into an offer letter with Mr. Rivas-Vásquez. Under the terms of the Offer Letter, Mr. Rivas-Vásquez will receive a signing bonus of $25,000, an annual base salary of $400,000, and he will be eligible to receive an annual bonus consisting of up to 20% of his annual base salary.
MSP Recovery, Inc. doing business as, LifeWallet, healthcare recovery and data analytics company. The Company is a Medicare, Medicaid, commercial, and secondary payer reimbursement recovery specialist. It is engaged in disrupting the antiquated healthcare reimbursement system, using data and analytics to identify and recover improper payments made by Medicare, Medicaid, and commercial health insurers. It analyzes historical medical claims data to identify recoverable opportunities. The Company has developed over 1,400 algorithms, which help identify waste, fraud and abuse in the Medicare, Medicaid, and commercial health insurance segments. LifeWallet solutions include LifeWallet Health, LifeWallet Legal, LifeWallet Sports, LifeWallet EDU, and LifeChain. It provides services to other parties in identifying recoverable claims as well as provides data matching and legal services. LifeWallet provides solutions for multiple industries, including healthcare, legal, education, and sports NIL.