Performant Financial

Performant Financial Corp. engages in the provision of technology-enabled audit, recovery, customer care, and related analytics services. Its services help identify improper payments, and in some markets, restructure and recover delinquent or defaulted assets and improper payments for both government and private clients. The company was founded in 1976 and is headquartered in Livermore, CA.

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Performant Financial reports robust Q4 earnings, eyes growth opportunities

Performant Financial's Q4 2022 earnings call showcased strong financial performance, successful contract wins in the healthcare sector, and optimism for future growth. While challenges in contract rollout and revenue-margin balance exist, opportunities for expansion through commercial payer revenues and strategic partnerships are promising.

Performant Financial sees leadership change, revenue challenges in Q1

Performant Financial navigated leadership changes and revenue challenges in Q1 2023. The company demonstrated resilience with successful new program implementations and a focus on efficiency.
While facing revenue dips and high operating expenses, Performant Financial aims to recoup lost revenue and achieve its revenue targets for 2023. Strong leadership and a positive outlook signal growth potential.
Management's gratitude to stakeholders and focus on operational efficiency highlight Performant Financial's commitment to driving performance and achieving financial milestones.

Performant Financial reports solid Q2 growth amidst government contract challenges

Performant Financial demonstrated strong growth in healthcare and commercial segments, leveraging technology for efficiency and margin improvement.
While facing challenges in government contracts and negative EBITDA, the company remains optimistic about a rebound and operational adjustments.
Opportunities lie in the expanding Medicare market, margin enhancement through technology integration, and revenue guidance for 2023.
Overall, Performant Financial's performance in Q2 reflects resilience and strategic positioning for future growth and profitability.

Performant Financial reports robust Q3 earnings and secures key contracts

Performant Financial Corp. delivered strong financial performance in Q3, driven by robust revenue growth and operational efficiency gains.
The company's strategic focus on healthcare transformation and successful contract wins position it well for future growth and market leadership.
While facing challenges such as competition and regulatory risks, Performant Financial has opportunities to expand its market presence and drive innovation.
Overall, Performant Financial's Q3 earnings call reflects a positive outlook with a solid foundation for continued success and value creation for stakeholders.

Performant Financial reports robust Q4 performance and eyes healthcare growth

Performant Financial's Q4 2023 performance reflects strong revenue growth in healthcare and a focus on operational efficiency and technology enhancements.
The company's strategic investments and client-centric approach position it well for revenue expansion and achieving EBITDA targets in 2024.
Challenges include managing increased carrier utilization impact and sustaining commercial growth momentum while seizing opportunities in the healthcare sector.
Overall, Performant Financial's outlook for 2024 is optimistic, with a clear focus on driving growth through government and commercial initiatives.

Performant Financial (PFMT) reports robust Q1 growth and positive 2024 outlook

Performant Financial (PFMT) demonstrated strong revenue growth and operational performance in Q1 2024, driven by client-centric strategies and technological advancements.
While facing challenges in the healthcare sector and industry headwinds, the company showcased strengths in revenue diversification and operational efficiency through acquisitions.
Guidance for 2024 indicates a positive outlook for revenue growth and adjusted EBITDA, presenting opportunities for expansion and financial improvement in the coming year.

Performant Financial reports robust Q2 results and eyes federal growth

Performant Financial delivered strong Q2 results with revenue growth and positive EBITDA, driven by health care segment performance.
The company's emphasis on government contracts, security measures, and technology integration positions it for future growth.
Challenges like the Change Healthcare outage are being managed effectively to minimize operational impact.
Opportunities lie in expanding federal government business, achieving growth targets, and enhancing operational efficiency.

Performant Financial reports robust Q3 performance and strategic contract wins

Performant Financial's Q3 performance reflects growth in healthcare revenues and positive adjusted EBITDA, underpinned by strategic contract wins and operational focus.
While challenges like revenue mix fluctuations exist, the company's strengths in financial stability and market positioning offer a solid foundation for future success.
Opportunities lie in revenue diversification, operational enhancements, and leveraging recent contract wins to drive sustained growth and profitability.
Overall, PFMT's performance, strengths, and strategic outlook position them for continued success in the healthcare payment integrity market.

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Performant Financial Corp. engages in the provision of technology-enabled audit, recovery, customer care, and related analytics services. Its services help identify improper payments, and in some markets, restructure and recover delinquent or defaulted assets and improper payments for both government and private clients. The company was founded in 1976 and is headquartered in Plantation, FL.

SAN FRANCISCO--(BUSINESS WIRE)-- #commercial--BizCap®, is pleased to announce that it has assisted Performant Financial, in securing a $25MM Credit facility.

BizCap Assists Performant Financial in Securing a $25MM Revolving Loan Facility with Wells Fargo

PLANTATION, Fla.--(BUSINESS WIRE)--Performant Financial Corporation (Nasdaq: PFMT) (Performant), primarily operating as Performant Healthcare Solutions, a leading provider of technology-enabled payment integrity, eligibility, and related analytics services, announced today the completion of a refinancing of its existing credit facility with a new credit facility with Wells Fargo that has a $25 million revolving loan commitment, subject to customary asset-based loan borrowing base limitations. T.

Performant Financial Corporation Announces Completion of Debt Refinancing

PLANTATION, Fla.--(BUSINESS WIRE)--Performant Financial Corporation (Nasdaq: PFMT) (the Company), primarily operating under subsidiary Performant Healthcare Solutions, a leading provider of technology-enabled payment integrity, eligibility, and related analytics services, announced today that the company will report its third quarter 2023 results after the market closes Tuesday November 7, 2023. The Company will also hold a conference call to discuss results at 5:00 pm (Eastern Time) that day.

Performant Financial Corporation to Report Third Quarter 2023 Earnings on November 7, 2023

LIVERMORE, Calif.--(BUSINESS WIRE)--Performant Financial Corporation (Nasdaq: PFMT) (Performant or the Company), a leading provider of technology-enabled payment integrity, eligibility, and related analytics services, announced that New York State's Office of the Medicaid Inspector General (OMIG) awarded Performant its 2023 Recovery Audit Contractor (RAC) contract following an open and competitive procurement process. This contract will run for five years, consisting of an initial three-year te.

Performant Financial Corporation Awarded New York State Medicaid RAC Contract

LIVERMORE, Calif.--(BUSINESS WIRE)--Performant Financial Corporation (Nasdaq: PFMT) (the Company), a leading provider of technology-enabled payment integrity, eligibility, and related analytics services, announced that it will host a special presentation at the CAQH Connect 2023 Conference. On Thursday, September 28th, at 4:00 PM Eastern Time, Alan Coulter, Vice President of Business Development at Performant, in partnership with Ken Pingel, Payment Integrity Manager at Priority Health, will sp.

Performant to Participate in CAQH Connect 2023 Conference

LIVERMORE, Calif.--(BUSINESS WIRE)--Performant Financial Corporation (Nasdaq: PFMT) (the Company), a leading provider of technology-enabled payment integrity, eligibility, and related analytics services, announced today that it will participate in the 7th Annual Lake Street Capital Markets Best Ideas Growth Conference that is being held in New York City on September 14th. Simeon Kohl, CEO and Rohit Ramchandani, CFO will be meeting with investors sharing insights into the company's recent achiev.

Performant to Participate in the 7th Annual Lake Street Best Ideas Growth Conference

Performant Financial Corporation (NASDAQ:PFMT ) Q2 2023 Earnings Conference Call August 8, 2023 5:00 PM ET Company Participants Simeon Kohl - Chief Executive Officer Rohit Ramchandani - Chief Financial Officer Conference Call Participants George Sutton - Craig-Hallum Jacob Stephan - Lake Street Operator Good morning, ladies and gentlemen, and welcome to the Performant Financial Corp Second Quarter 2023 Earnings Conference Call. At this time, all lines are in a listen-only mode.

Performant Financial Corporation (PFMT) Q2 2023 Earnings Call Transcript

LIVERMORE, Calif.--(BUSINESS WIRE)--Performant Financial Corporation (Nasdaq: PFMT), (the "Company"), primarily operating under subsidiary Performant Healthcare Solutions, a leading provider of technology-enabled audit, recovery, and related analytics services in the United States with a focus in the healthcare payment integrity industry, today reported the following financial results for its second quarter ended June 30, 2023: Second Quarter Financial Highlights Healthcare revenues of $23.9 mi.

Performant Financial Corporation Announces Financial Results for Second Quarter 2023

LIVERMORE, Calif.--(BUSINESS WIRE)--Performant Financial Corporation (Nasdaq: PFMT) (the Company), a leading provider of technology-enabled payment integrity, eligibility, and related analytics services, announced today that the Company will report its second quarter 2023 results after the market closes on Tuesday, August 8, 2023. The Company will also hold a conference call to discuss results at 5:00 pm (Eastern Time) that day. The conference call can be accessed by dialing 888-886-7786 (domes.

Performant Financial Corporation to Report Second Quarter 2023 Earnings on August 8, 2023

LIVERMORE, Calif.--(BUSINESS WIRE)--Performant Financial Corporation (Nasdaq: PFMT) (Performant Healthcare Solutions, the Company), a leading provider of technology-enabled payment integrity, eligibility, and related analytics services, announced today that the Company is set to join the broad-market Russell 3000® Index at the conclusion of the 2023 Russell indexes annual reconstitution, effective after the US market opens on June 26, according to a preliminary list of additions posted May 19.

Performant Financial Corporation Set to Join Russell 3000® Index

Performant Financial Corporation (NASDAQ:PFMT ) Q1 2023 Earnings Conference Call May 9, 2023 5:00 PM ET Company Participants Richard Zubek - Vice President, Investor Relations Lisa Im - Board Chair Simeon Kohl - CEO Rohit Ramchandani - CFO Conference Call Participants James Rush - Craig-Hallum Capital Group Jacob Stephan - Lake Street Capital Markets Operator Good afternoon, ladies and gentlemen, and welcome to Performant Financial First Quarter 2023 Earnings Conference Call. [Operator Instructions] This call is being recorded on Tuesday, May 9, 2023.

Performant Financial Corporation (PFMT) Q1 2023 Earnings Call Transcript

LIVERMORE, Calif.--(BUSINESS WIRE)--Performant Financial Corporation (Nasdaq: PFMT) (the Company), a leading provider of technology-enabled payment integrity, eligibility, and related analytics services, announced today that effective May 5th, Simeon Kohl has been promoted to the position of Chief Executive Officer and a member of Performant's Board of Directors. Lisa Im, the Company's previous CEO, will continue in her role as Board Chair. “As the transition to a pure-play healthcare company i.

Performant Financial Corporation Announces Executive Leadership Transitions

LIVERMORE, Calif.--(BUSINESS WIRE)--Performant Financial Corporation (Nasdaq: PFMT), (the "Company"), a leading provider of technology-enabled audit, recovery, and related analytics services in the United States with a focus in the healthcare payment integrity industry, today reported the following financial results for its first quarter ended March 31, 2023: First Quarter Financial Highlights Total revenues of $25.7 million, compared to total revenues of $27.1 million in the prior year period.

Performant Financial Corporation Announces Financial Results for First Quarter 2023

LIVERMORE, Calif.--(BUSINESS WIRE)--Performant Financial Corporation (Nasdaq: PFMT) (the Company), a leading provider of technology-enabled payment integrity, eligibility, and related analytics services, announced today that the Company will report its first quarter 2023 results after the market closes on Tuesday, May 9, 2023. The Company will also hold a conference call to discuss results at 5:00 pm (Eastern Time) that day. The conference call can be accessed by dialing 888-886-7786 (domestic).

Performant Financial Corporation to Report first Quarter 2023 Earnings on May 9, 2023

Fintel reports that Prescott Group Capital Management, L.l.c.

Prescott Group Capital Management Now Owns 20.9% of Performant Financial

Performant Financial Corporation (NASDAQ:PFMT ) Q4 2022 Results Conference Call March 14, 2023 5:00 PM ET Company Participants Richard Zubek - Vice President, Investor Relations Lisa Im - Chief Executive Officer Simeon Kohl - President Rohit Ramchandani - Senior Vice President of Finance and Strategy Conference Call Participants George Sutton - Craig-Hallum Jacob Stephan - Lake Street Capital Markets Operator Greetings, and welcome to the Performant Financial Fourth Quarter 2022 Earnings Conference Call. At this time, all participants are in a listen-only mode.

Performant Financial Corporation (PFMT) Q4 2022 Earnings Call Transcript

LIVERMORE, Calif.--(BUSINESS WIRE)--Performant Financial Corporation (Nasdaq: PFMT), a leading provider of technology-enabled audit, recovery, and related analytics services in the United States, with a focus in the healthcare payment integrity industry, today reported the following financial results for its fourth quarter and full year ended December 31, 2022: Fourth Quarter Financial Highlights Total revenues of $29.2 million, compared to $31.

Performant Financial Corporation Announces Financial Results for Fourth Quarter and Full Year 2022

LIVERMORE, Calif.--(BUSINESS WIRE)--Performant Financial Corporation (Nasdaq: PFMT) (the Company), a leading provider of technology-enabled payment integrity, eligibility, and related analytics services, announced today that the Company will report its third quarter 2022 results after the market closes on Tuesday, March 14, 2023. The Company will also hold a conference call to discuss results at 5:00 pm (Eastern Time) that day.

Performant Financial Corporation to Report Fourth Quarter 2022 Earnings on March 14, 2023

I discuss Performant Financial Corporation's third quarter 2022 results as well as additional progress on the company's business model transition. Strong cash generation resulted in unrestricted cash increasing by 60% sequentially to $25.6 million, with the company's $15 million revolving credit facility remaining undrawn.

Performant Financial: Expect Improved Results As Transformation Gains Traction

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LIVERMORE, Calif.--( BUSINESS WIRE )--Performant Healthcare Solutions (Nasdaq: PFMT) (Performant), a leading provider of technology-enabled payment integrity, eligibility, and related analytics services, and Council for Affordable Quality Healthcare (CAQH), an industry alliance of nearly 1,000 health plans, 2 million providers, and other healthcare stakeholders working to solve healthcare business challenges, today announced a partnership to improve payment integrity and coordination of benefits (COB) programs for health plans, including regional and community-based health plans. This initiative reflects both organizations' commitment to driving savings, claims accuracy, and administrative simplification.

Performant and CAQH Announce Strategic Partnership

LIVERMORE, Calif.--( BUSINESS WIRE )--Performant Healthcare Solutions (Nasdaq: PFMT), (“Performant”, “the Company”), a leading provider of technology-enabled payment integrity, eligibility and related analytics services, today announced that the Centers for Medicare and Medicaid (CMS) awarded Performant the Medicare Secondary Payer (MSP) Recovery Audit contract also known as the Commercial Repayment Center (CRC) for a 6-year term consisting of one base year and five option years. The is a contingency fee contract; CMS pays Performant a percentage of overpayment recoveries returned to the Medicare Trust Fund. Performant has been the incumbent MSP CRC contractor since September 2017 and since then through the end of FY 2021 the Company has increased recoveries to the Medicare Trust Fund by nearly 340% per year.

Performant Healthcare Solutions Re-Awarded CMS Medicare Secondary Payer Commercial Repayment Center Contract

Performant Financial Corporation (NASDAQ:PFMT ) Q3 2022 Results Conference Call November 8, 2022 5:00 PM ET Company Participants Richard Zubek - Investor Relations Lisa Im - Chief Executive Officer Simeon Kohl - President Rohit Ramchandani - SVP of Finance and Strategy Conference Call Participants James Rush - Craig-Hallum Kyle Bauser - Lake Street Capital Kyle Bauser - Lake Street Capital Operator Good afternoon, ladies and gentlemen, and welcome to the Performant Financial Corp. Third Quarter 2022 Earnings Conference Call. During the presentation, all participants will be in a listen-only mode.

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