Insurance companies have internal subrogation departments which specifically identify and recover subrogation dollars. Praxis focuses on purchasing blocks of these "closed files" which have revenue potential, but were never identified or recovered through the carrier's internal recovery efforts.

Many insurance carriers fall behind on achieving internal claims recovery goals. By selling closed subrogation claims to an outside recovery firm, the carriers can benefit from the opportunity to accelerate claims recovery with maximum efficiency. Purchase prices are negotiated against the immediate cash which can be generated and the ability to increase net income and write new business. After factoring the costs and the related risks associated with collection, a cash payment along with with a BPO Agreement presents an increased value to insurance carriers. More importantly, Praxis can provide carriers in financial difficulty with liquid funds for an otherwise unrealizable asset.