Performant Financial Corporation Awarded CMS RAC Region 2 Contract
Performant Financial Corporation (NASDAQ: PFMT) has secured an 8.5-year contract from the Centers for Medicare and Medicaid (CMS) as the Region 2 Recovery Audit Contractor. This contract, originally awarded on March 24, 2022, was reaffirmed by CMS following a corrective action process. Performant will conduct post-payment reviews of Medicare claims in states including TX, IL, and MN to recover improperly paid claims. This contract extends Performant's ten-year relationship with CMS, showcasing its competitive technology and commitment to payment integrity services.
- Award of an 8.5-year RAC contract from CMS enhances revenue potential.
- Reaffirmation of the contract confirms the quality and value of Performant's services.
- Continues a long-term partnership with CMS, enhancing company credibility.
- None.
Region 2 consists of the following states: IL, MN, WI, NE, IA, KS, MO, CO, NM, TX, OK, AR, LA, and MS. As the Region 2 RAC, Performant will perform post-payment reviews of Part A and B Medicare fee-for service claims to identify and support the recoupment of improperly paid claims. Any updates related to the contract will be posted on the Company’s CMS RAC Provider webpages.
“This contract win validates our competitive technology platform and highlights our unique ability to compete,” stated
In addition to Region 2, Performant is also the RAC for Region 1, which consists of 11 states across the Northeast and eastern-Midwest region, and the nationwide Region 5 for Durable Medical Equipment, Prosthetics, Orthotics and
About Performant Healthcare Solutions
Performant Healthcare Solutions is a leading provider of technology-enabled audit, recovery, and analytics services in
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
To learn more, please visit https://www.performanthealth.com
View source version on businesswire.com: https://www.businesswire.com/news/home/20221102005274/en/
Investor Relations
925-960-4988
investors@performantcorp.com
Source:
FAQ
What is the significance of Performant's contract with CMS?
How long is Performant's contract with CMS?
Which states are included in Region 2 of the contract?
When was the CMS contract awarded to Performant?