Performant Announces Strategic engagement with Priority Health

Rhea-AI Summary

Performant Healthcare Solutions (Nasdaq: PFMT) has announced a strategic engagement with Priority Health to develop a customized payment integrity solution. This collaboration aims to enhance the efficiency of healthcare payments by addressing specific needs rather than employing a generic approach. Both companies align on the mission to make healthcare more accessible and affordable. Performant, founded in 1976 and headquartered in Livermore, California, specializes in technology-enabled audit and analytics services in the healthcare payment integrity sector.

Positive

• Engagement with Priority Health enhances service offerings in a competitive healthcare space.
• Collaboration designed to deliver an innovative, tailored solution for payment integrity.
• Commitment to improving affordability and accessibility in healthcare aligns with industry trends.

Negative

• None.

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 a new strategic engagement with Priority Health to provide a customized, end-to-end solution focused on all aspects of payment integrity.

“We are excited to collaborate with Priority Health to deliver an industry-first enterprise integrity solution; one uniquely tailored to support Priority Health’s needs,” stated Simeon Kohl, president at Performant. “We share Priority Health’s mission to make healthcare more affordable, and this engagement is a testament to Performant’s commitment to deliver innovative solutions for payers where a multivendor or one-size-fits-all approach may not be the most efficient or effective strategy.”

“Priority Health shares Performant’s innovative spirit, and this initiative is well aligned with Priority Health’s mission and vision for a future where healthcare is made simple, affordable, equitable, and exceptional,” said Michael Jasperson, senior vice president, Provider Network and Health Plan Operations, at Priority Health. “We believe our engagement with Performant will enable Priority Health to continue focusing on bringing additional value to the communities we serve.”

About Performant Healthcare Solutions

Performant Healthcare Solutions is a leading provider of technology-enabled audit, recovery, and analytics services in the United States with a focus in the healthcare payment integrity industry. Performant works with healthcare payers through claims auditing and eligibility-based (also known as coordination of benefits) services to identify improper payments. The Company engages clients in both government and commercial markets. The Company also has a call center which serves clients with complex consumer engagement needs. Clients of the Company typically operate in complex and highly regulated environments and contract for their payment integrity needs in order to reduce losses on improper healthcare payments.

Powered by a proprietary analytic platform and workflow technology, Performant also provides professional services related to the recovery effort, including reporting capabilities, support services, customer care and stakeholder training programs meant to mitigate future instances of improper payments. Founded in 1976, Performant is headquartered in Livermore, California.

View source version on businesswire.com: https://www.businesswire.com/news/home/20221011006156/en/

Richard Zubek, Investor Relations

Performant Healthcare Solutions

(925) 960-4988

investors@performantcorp.com

Source: Performant Healthcare Solutions

FAQ

What is the recent engagement announced by Performant Healthcare Solutions?

Performant Healthcare Solutions has engaged with Priority Health to provide a customized payment integrity solution.

How does the collaboration between PFMT and Priority Health impact healthcare costs?

The collaboration aims to make healthcare more affordable and efficient by tailoring solutions to specific needs.

When was Performant Healthcare Solutions founded?

Performant Healthcare Solutions was founded in 1976.

What services does Performant Healthcare Solutions provide?

Performant specializes in technology-enabled audit, recovery, and analytics services focusing on healthcare payment integrity.

What is the stock symbol for Performant Healthcare Solutions?

The stock symbol for Performant Healthcare Solutions is PFMT.