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

Rhea-AI Summary

Performant Financial Corporation (Nasdaq: PFMT) has appointed Amanda Purvis as head of Product Innovation. Her extensive 23 years of healthcare experience, particularly in Payment Integrity, is expected to enhance Performant's growth. Amanda aims to expand strategic partnerships and explore new markets for the company’s diverse offerings. Previously, she led a workforce of 1600 at Aetna focused on Payment Integrity. Performant seeks to leverage her expertise to strengthen its service offerings and align product development with client needs.

Positive

• Appointment of Amanda Purvis as head of Product Innovation expected to drive growth.
• Amanda's 23 years of experience in healthcare enhances the company's leadership.
• Focus on expanding strategic partnerships and exploring new market offerings.

Negative

• None.

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 offerings and leading the introduction of new or enhanced products.

Amanda brings 23+ years of healthcare experience, having presented at national industry conferences such as AHIP and other Payment Integrity conferences. Most recently, she was with Aetna for the past eight years where she managed an internal and contingent workforce of approximately 1600 FTEs dedicated to Aetna’s Payment integrity efforts in the Commercial, Medicare and Medicaid segments.

“Amanda uniquely understands the challenges Healthcare Payors face in addressing their Program Integrity needs and her knowledge of the vendor product landscape is unmatched,” stated Simeon Kohl, SVP and GM Healthcare. “We are excited to have Amanda serve as a consulting partner to our clients and share peer-level insights with our prospects, to ensure that we prioritize our product roadmap and related investments to best address their needs.”

Prior to joining Aetna, Amanda was the Vice President of SIU, Recovery and Claim Edit for all business segments of Coventry Health Care. In addition to the positions held within Aetna/CVSH and Coventry, Amanda has held positions in sales, enrollment and revenue management for Medicare Advantage, EDI and Auto Adjudication enhancement, and benefit design loads – all within the Healthcare market.

“I look forward to working with Amanda and I’m confident her vast experience will serve us well as we continue to fortify and scale our market footprint and further mature our mix of Payment Integrity, Eligibility and other related offerings,” added, Lisa Im, Board Chair and CEO.

About Performant Financial Corporation

Performant helps government and commercial organizations enhance revenue and contain costs by preventing, identifying and recovering waste, improper payments and defaulted assets. Performant is a leading provider of these services in several industries, including healthcare, student loans and government. Performant has been providing recovery audit services for more than nine years to both commercial and government clients, including serving as a Recovery Auditor for the Centers for Medicare and Medicaid Services.

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/20210419005688/en/

FAQ

What is the role of Amanda Purvis at Performant Financial Corporation?

Amanda Purvis has been appointed as the head of Product Innovation, focusing on enhancing growth through strategic partnerships and new product offerings.

How does Amanda Purvis's experience benefit Performant Financial Corporation?

With over 23 years of healthcare experience, Amanda brings valuable insights to address the challenges in Payment Integrity and improve Performant's product strategies.

What are Performant Financial Corporation's main services?

Performant provides technology-enabled cost containment and analytics services, primarily focused on preventing improper payments in sectors like healthcare and government.

What does Amanda Purvis plan to focus on in her new role?

Amanda plans to expand strategic partnerships and explore adjacent markets to enhance Performant's diverse offerings.