Performant Achieves CMMI MATURITY Level 3, Demonstrating Commitment to Excellence and Continuous Improvement
Performant Healthcare (Nasdaq: PHLT) has been re-appraised at Level 3 of ISACA's Capability Maturity Model Integration (CMMI), demonstrating its operational excellence and process improvement capabilities. The re-appraisal focused on the Medicare Secondary Payer Commercial Repayment Center, one of the company's most mature business units.
This achievement indicates that Performant operates at a 'defined' maturity level with well-documented and consistently applied processes across the organization. The company, which specializes in technology-enabled payment integrity and eligibility services, views this as validation of their strategic investments in technology and processes.
CFO Rohit Ramchandani highlighted that this recognition aligns with their efficiency and scalability initiatives, supporting their goal of achieving a 20% adjusted EBITDA margin. The December 2024 CMMI appraisal was conducted by iPower
Performant Healthcare (Nasdaq: PHLT) è stata rivalutata al Livello 3 del Modello di Integrazione della Maturità delle Capacità (CMMI) di ISACA, dimostrando la sua eccellenza operativa e le capacità di miglioramento dei processi. La rivalutazione si è concentrata sul Centro di Rimborso Commerciale del Medicare Secondario, una delle unità aziendali più mature dell'azienda.
Questo risultato indica che Performant opera a un livello di maturità 'definito' con processi ben documentati e applicati in modo coerente in tutta l'organizzazione. L'azienda, specializzata in servizi di integrità dei pagamenti e di idoneità abilitati dalla tecnologia, considera questo un riconoscimento dei loro investimenti strategici in tecnologia e processi.
Il CFO Rohit Ramchandani ha sottolineato che questo riconoscimento è in linea con le loro iniziative di efficienza e scalabilità, supportando il loro obiettivo di raggiungere un margine EBITDA rettificato del 20%. La valutazione CMMI di dicembre 2024 è stata condotta da iPower.
Performant Healthcare (Nasdaq: PHLT) ha sido reevaluada en Nivel 3 del Modelo de Integración de Madurez de Capacidades (CMMI) de ISACA, demostrando su excelencia operativa y capacidades de mejora de procesos. La reevaluación se centró en el Centro de Reembolso Comercial del Pagador Secundario de Medicare, una de las unidades de negocio más maduras de la empresa.
Este logro indica que Performant opera en un nivel de madurez 'definido' con procesos bien documentados y aplicados de manera consistente en toda la organización. La empresa, que se especializa en servicios de integridad de pagos y elegibilidad habilitados por tecnología, ve esto como una validación de sus inversiones estratégicas en tecnología y procesos.
El CFO Rohit Ramchandani destacó que este reconocimiento se alinea con sus iniciativas de eficiencia y escalabilidad, apoyando su objetivo de alcanzar un margen EBITDA ajustado del 20%. La evaluación CMMI de diciembre de 2024 fue realizada por iPower.
Performant Healthcare (Nasdaq: PHLT)는 ISACA의 역량 성숙도 모델 통합(CMMI) 3단계로 재평가되어 운영 우수성과 프로세스 개선 능력을 입증했습니다. 재평가는 회사의 가장 성숙한 사업 부서 중 하나인 메디케어 제2지급자 상업 환급 센터에 초점을 맞췄습니다.
이 성과는 Performant가 조직 전반에 걸쳐 잘 문서화되고 일관되게 적용되는 프로세스를 가지고 있는 '정의된' 성숙도 수준에서 운영되고 있음을 나타냅니다. 기술 기반의 지급 무결성 및 자격 서비스 전문 기업인 이 회사는 이를 기술 및 프로세스에 대한 전략적 투자에 대한 검증으로 보고 있습니다.
CFO Rohit Ramchandani는 이 인식이 효율성과 확장성 이니셔티브와 일치하며, 20% 조정 EBITDA 마진 달성을 지원한다고 강조했습니다. 2024년 12월 CMMI 평가는 iPower에 의해 수행되었습니다.
Performant Healthcare (Nasdaq: PHLT) a été réévaluée au Niveau 3 du Modèle d'Intégration de la Maturité des Capacités (CMMI) d'ISACA, démontrant son excellence opérationnelle et ses capacités d'amélioration des processus. La réévaluation s'est concentrée sur le Centre de Remboursement Commercial du Payeur Secondaire Medicare, l'une des unités commerciales les plus matures de l'entreprise.
Cette réalisation indique que Performant opère à un niveau de maturité 'défini' avec des processus bien documentés et appliqués de manière cohérente dans toute l'organisation. L'entreprise, spécialisée dans les services d'intégrité des paiements et d'éligibilité activés par la technologie, considère cela comme une validation de ses investissements stratégiques dans la technologie et les processus.
Le CFO Rohit Ramchandani a souligné que cette reconnaissance est en accord avec leurs initiatives d'efficacité et d'évolutivité, soutenant leur objectif d'atteindre une marge EBITDA ajustée de 20%. L'évaluation CMMI de décembre 2024 a été réalisée par iPower.
Performant Healthcare (Nasdaq: PHLT) wurde auf Level 3 des Capability Maturity Model Integration (CMMI) von ISACA neu bewertet, was ihre betriebliche Exzellenz und Prozessverbesserungsfähigkeiten demonstriert. Die Neubewertung konzentrierte sich auf das Medicare Secondary Payer Commercial Repayment Center, eine der reifsten Geschäftseinheiten des Unternehmens.
Dieser Erfolg zeigt, dass Performant auf einem 'definierten' Reifegrad operiert, mit gut dokumentierten und konsequent angewendeten Prozessen in der gesamten Organisation. Das Unternehmen, das auf technologiegestützte Zahlungsintegrität und Berechtigungsdienste spezialisiert ist, sieht dies als Validierung seiner strategischen Investitionen in Technologie und Prozesse.
CFO Rohit Ramchandani hob hervor, dass diese Anerkennung mit ihren Effizienz- und Skalierbarkeitsinitiativen übereinstimmt und ihr Ziel unterstützt, eine 20% angepasste EBITDA-Marge zu erreichen. Die CMMI-Bewertung im Dezember 2024 wurde von iPower durchgeführt.
- Achievement of CMMI Level 3 certification demonstrates operational excellence and mature business processes
- Strategic investments in technology and processes showing tangible benefits
- Company targeting 20% adjusted EBITDA margin as long-term objective
- None.
CMMI is a globally recognized framework that provides organizations with the essential elements for effective process improvement and operational excellence. An appraisal at Level 3 signifies that the organization operates at a “defined” maturity level, with processes that are well-characterized, well-documented, and consistently applied across the entire organization. The re-appraisal focused on the Medicare Secondary Payer (MSP) Commercial Repayment Center (CRC), one of Performant Healthcare’s most mature business units.
“This appraisal reflects Performant Healthcare’s unwavering commitment to operational excellence and our mission to provide innovative, efficient, and reliable solutions to our clients,” stated Michael Feid, SVP of Eligibility and Recovery Services at Performant Healthcare. “Achieving CMMI Level 3 is a testament to our team’s culture of continuous improvement and dedication to exceeding client expectations. We will continue to leverage these best practices to enhance our programs and deliver exceptional value to our partners.”
The Company’s appraisal underscores its proficiency in managing complex projects, fostering customer satisfaction, and achieving organizational objectives. By adhering to industry-leading standards, Performant Healthcare has shown that it can deliver consistent quality in its processes, which strengthens its position as a trusted partner in the healthcare payment integrity space.
Rohit Ramchandani, Chief Financial Officer, added, "We are pleased that our efforts to scale and enhance efficiency are being recognized through this CMMI appraisal, not to mention continuing to demonstrate this commitment while being focused on growth. This recognition is another testament to the progress we've made via strategic investments into technology and processes, reinforcing that these investments are yielding tangible benefits. We are excited to continue advancing efficiency efforts into all areas of Performant Healthcare through our technology and process improvement approach. As we continue to prioritize efficiency and scalability, we believe we are well-positioned to move toward achieving our longer-term objectives, including the ability to achieve a
The December 2024 CMMI appraisal was conducted by iPower LLC.
ABOUT PERFORMANT
Performant supports healthcare payers in identifying, preventing, and recovering waste and improper payments by leveraging advanced technology, analytics and proprietary data assets. Performant works with leading national and regional healthcare payers to provide eligibility-based, also known as coordination-of-benefits (COB) services, as well as claims-based services, which includes the audit and identification of improperly paid claims. Performant is a leading provider of these services in both government and commercial healthcare markets. Performant also provides advanced reporting capabilities, support services, customer care, and stakeholder training programs designed to mitigate future instances of improper payments.
ABOUT CMMI INSTITUTE
ISACA® (www.isaca.org) is a global community advancing individuals and organizations in their pursuit of digital trust. For more than 50 years, ISACA has equipped individuals and enterprises with the knowledge, credentials, education, training and community to progress their careers, transform their organizations, and build a more trusted and ethical digital world. ISACA is a global professional association and learning organization that leverages the expertise of its 180,000+ members who work in digital trust fields such as information security, governance, assurance, risk, privacy, and quality. It has a presence in 188 countries, including 225+ chapters worldwide. Through the ISACA Foundation, ISACA supports IT education and career pathways for undersourced and underrepresented populations.
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MEDIA CONTACT
Jon Bozzuto, Investor Relations
Performant Healthcare, Inc.
(925) 960-4988
investors@performantcorp.com
Source: Performant Healthcare, Inc.
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