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 Healthcare, Inc. 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.

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 services industry, today announced that it has entered into a new credit agreement with MUFG Union Bank that provides the Company with up to $35 million in debt financing through a combination term loan and revolving credit facility. “Our

Performant Financial Corporation Announces $35MM Debt Refinancing

Performant Financial Corporation (PFMT) CEO Lisa Im on Q3 2021 Results - Earnings Call Transcript

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 services industry, today reported the following financial results for its third quarter ended September 30, 2021: Third Quarter Financial Highlights Total revenues of $28.6 million, compared to revenues of $36.2 million in the prior year

Performant Financial Corporation Announces Financial Results for Third Quarter 2021

LIVERMORE, Calif.--(BUSINESS WIRE)--Performant Financial Corporation (Nasdaq:PFMT), a provider of technology-enabled recovery and related analytics services, will report its third quarter 2021 results after the market closes on Tuesday, November 9, 2021. 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 877-344-8082 (domestic) or 213-992-4618 (international). A replay will be available approximately

Performant Financial Corporation to Report Third Quarter 2021 Earnings on November 9, 2021

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 services industry, today announced that Lisa Im, CEO; Simeon Kohl, SVP and GM of Healthcare; and Rohit Ramchandani, SVP of Finance and Strategy will participate in the upcoming Colliers 2021 Institutional Investor Conference on September

Performant Financial Corporation to Participate in Colliers 2021 Institutional Investor Conference

Performant Financial Corp (NASDAQ: PFMT) has priced its public offering of 10.525 million shares at $3.80 per share. The company granted underwriters a 30-day option to purchase up to an additional 1.58 million shares.

Performant Financial To Raise $40M Via Stock Offering

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 services industry, today announced the pricing of an underwritten registered public offering of up to 10,525,000 shares of its common stock at a price to the public of $3.80 per share. All of the shares of common stock to be sold in the of

Performant Financial Corporation Announces Pricing of Public Offering of Common Stock

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 services industry, today announced that it has commenced a proposed underwritten registered public offering of shares of its common stock. All of the shares of common stock to be sold in the proposed offering will be sold by the Company. I

Performant Financial Corporation Announces Proposed Public Offering of Common Stock

Performant Financial Corp (PFMT) CEO Lisa Im on Q2 2021 Results - Earnings Call Transcript

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 services industry, today reported the following financial results for its second quarter ended June 30, 2021: Second Quarter Financial Highlights Total revenues of $32.8 million, compared to revenues of $33.8 million in the prior year per

Performant Financial Corporation Announces Financial Results for Second Quarter 2021

Recent business wins are driving big growth for Performant. Continued RFP wins should drive continued revenue growth.

Auditing Performant's Upside

LIVERMORE, Calif.--(BUSINESS WIRE)--Performant Financial Corporation (Nasdaq:PFMT), a provider of technology-enabled recovery and related analytics services, will report its second quarter 2021 results after the market closes on Tuesday, August 10, 2021. 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 877-705-6003 (domestic) or 201-493-6725 (international). A replay will be available approximately

Performant Financial Corporation to Report Second Quarter 2021 Earnings on August 10, 2021

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LIVERMORE, Calif.--(BUSINESS WIRE)--Performant Financial Corporation (Nasdaq: PFMT), (the "Company"), a leading provider of technology-enabled recovery and related analytics services in the United States, is set to join the Russell Microcap® Index at the conclusion of the 2021 Russell indexes annual reconstitution, effective after the U.S. market opens on June 28th, according to a preliminary list of additions posted June 4. Membership in the Russell Microcap® Index, which remains in place for

Performant Financial Corporation set to join Russell Microcap® Index

Performant Financial Corp (PFMT) CEO Lisa Im on Q1 2021 Results - Earnings Call Transcript

LIVERMORE, Calif.--(BUSINESS WIRE)-- #earnings--Performant Financial Corporation (Nasdaq: PFMT), (the "Company"), a leading provider of technology-enabled recovery and related analytics services in the United States, today reported the following financial results for its first quarter ended March 31, 2021: First Quarter Financial Highlights Total revenues of $31.4 million, compared to revenues of $45.9 million in the prior year period Net loss of approximately $4.4 million, or $(0.08) per diluted share, co

Performant Financial Corporation Announces Financial Results for First Quarter 2021

Livermore, California--(Newsfile Corp. - May 11, 2021) - Performant (NASDAQ: PFMT) today announced that Lisa Im, CEO will be attending the Q2 Virtual Investor Summit.  Event Q2 Investor Summit Date May 17-18th, 2021 Presentation May 17th at 2:45 PM ET Location

Performant: Invitation to the Q2 Virtual Investor Summit

LIVERMORE, Calif.--(BUSINESS WIRE)--Performant Financial Corporation (Nasdaq:PFMT), a provider of technology-enabled recovery and related analytics services, will report its first quarter 2021 results after the market closes on Thursday, May 13, 2021. 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 877-705-6003 (domestic) or 201-493-6725 (international). A replay will be available approximately th

Performant Financial Corporation to Report First Quarter 2021 Earnings on May 13, 2021

LIVERMORE, Calif.--(BUSINESS WIRE)--Performant Financial Corporation (Nasdaq: PFMT), (“the Company”), a leading provider of technology-enabled cost containment and related analytics services, today announced that Amanda Purvis has joined the Company as its head of Product Innovation. In this new role, Amanda will utilize her vast healthcare Payment Integrity experience to further Performant's growth, through expanding strategic partnerships, exploring adjacent markets for the company's diverse

Performant Financial Corporation Hires Amanda Purvis to Lead the Company's Product Innovation Efforts

LIVERMORE, Calif.--(BUSINESS WIRE)--Performant Financial Corporation (Nasdaq: PFMT), (“Performant”, “the Company”), a leading provider of technology-enabled payment integrity, eligibility and related analytics services, today announced that on March 26, 2021, the Centers for Medicare and Medicaid (CMS) awarded Performant an 8.5 year contract to serve as the Region 1 Recovery Audit Contractor (RAC). This contingency fee contract was awarded via a full-and-open competitive procurement. Region 1 c

Performant Financial Corporation Re-Awarded CMS RAC Region 1 Contract

Performant Financial (PFMT) stock is soaring higher on Tuesday after the company announced plans to focus on its healthcare services. The post PFMT Stock: 16 Things to Know About Penny Stock Performant Financial as Shares Rocket Higher appeared first on InvestorPlace.

PFMT Stock: 16 Things to Know About Penny Stock Performant Financial as Shares Rocket Higher

Company announces decision to abandon its legacy student loan recovery business and exclusively focus on its rapidly growing healthcare segment. Discussing terms of required amendment to the company's credit facility with ECMC.

Performant Financial Turns Into Major Growth Play After Focusing On Healthcare Business - Buy On Pullbacks

The stock price of Performant Financial Corp (NASDAQ: PFMT) has increased by over 35% pre-market. This is why it happened.

PFMT Stock Price Increased Over 35% Pre-Market: Why It Happened

Shares of Performant Financial Corporation (NASDAQ: PFMT), a provider of technology-enabled cost containment and related analytics services, surged 57% in the extended session on Monday. What Happened: Performant Financial said Monday it intends to focus future investments on the long-term growth and profitability of its Healthcare operations.

Why Performant Financial Stock Spiked 57% Today

LIVERMORE, Calif.--(BUSINESS WIRE)-- #healthcarepayer--Performant Financial Corporation (Nasdaq: PFMT), a leading provider of technology-enabled cost containment and related analytics services, today reiterated its intention to focus future investments on the long-term growth and profitability of its Healthcare operations, which for the full year 2020 had revenues of $68.5 million, an increase of greater than 58% as compared to 2019. Additionally, the Company is also reporting that it has signed an agreement to s

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