Welcome to our dedicated page for Performant Finl news (Ticker: PHLT), a resource for investors and traders seeking the latest updates and insights on Performant Finl stock.
The PHLT news page on Stock Titan compiles historical news and corporate announcements for Performant Healthcare, Inc., a company that operated as a provider of technology-enabled healthcare payment integrity, eligibility, and related analytics services. These news items document how Performant supported healthcare payers in identifying, preventing, and recovering waste and improper payments by using advanced technology, analytics, and proprietary data assets.
Readers will find press releases describing Performant’s work with leading national and regional healthcare payers in both government and commercial markets. The company’s news frequently highlights its eligibility-based, or coordination-of-benefits (COB), services and its claims-based services, which include the audit and identification of improperly paid claims. Additional coverage discusses advanced reporting capabilities, support services, customer care, and stakeholder training programs aimed at reducing future improper payments.
The news archive also traces key corporate events. It includes earnings announcements and preliminary financial results furnished via Form 8‑K, where Performant reports healthcare revenues and discusses trends across eligibility-based and claims-based services. Other releases describe strategic developments such as the confirmation of the New York State Medicaid Recovery Audit Contract (RAC), which the company characterized as a significant state Medicaid payment integrity opportunity.
A major theme in later news items is the company’s merger with an entity associated with Machinify. Press releases and related Form 8‑K filings from August 2025 and October 2025 explain the agreement and plan of merger, stockholder approval at a special meeting, and the closing of the transaction on October 21, 2025. Following this merger, Performant became a wholly owned subsidiary of the buyer and its PHLT shares were delisted from Nasdaq. Investors and researchers can use this news page as a historical record of Performant’s operations, financial updates, and corporate transformation from a public issuer to a privately held company.
Performant Healthcare (NASDAQ: PHLT) has secured the New York State Medicaid Recovery Audit Contract (RAC) following official approval from the State Comptroller. The multi-year contract, set to begin in Q2 2025, represents the largest Medicaid RAC opportunity nationwide.
As a provider of technology-enabled payment integrity services, Performant will collaborate with the NY State Office of Medicaid Inspector General to identify and recover improper Medicaid payments. The company expects to generate double-digit millions in revenue from this contract at steady-state, supporting their target of $150-160 million in annual revenue and pursuit of a 20% adjusted EBITDA margin.
This contract is part of Performant's strategy to capture share in the state Medicaid payment integrity industry, estimated at $300-500 million in annual revenue opportunity for cost-containment services.
Performant Healthcare (NASDAQ: PHLT), a technology-enabled payment integrity and healthcare analytics company, has scheduled its fourth quarter 2024 earnings release for March 12, 2025, after market close. The company will host a conference call at 5:00 PM Eastern Time to discuss the results.
Investors can access the call by dialing 800-717-1738 (domestic) or 646-307-1865 (international). A live webcast will be available through the company's website, with a replay accessible approximately three hours after the call using passcode 1173286.
Performant specializes in identifying and preventing improper healthcare payments through advanced technology and analytics. Their services include coordination-of-benefits (COB) and claims-based auditing for both government and commercial healthcare markets.
Performant Healthcare (Nasdaq: PHLT), a technology-enabled payment integrity and analytics services provider, has announced its participation in the 10th Annual Oppenheimer Emerging Growth Conference on February 26th. CFO Rohit Ramchandani will conduct virtual one-on-one meetings discussing key topics, including the company's potential impact under the new administration and DOGE developments.
Performant specializes in helping healthcare payers identify and prevent waste and improper payments through advanced technology and analytics. The company provides eligibility-based coordination-of-benefits (COB) services and claims-based auditing services in both government and commercial healthcare markets. Their comprehensive solution includes advanced reporting, support services, customer care, and stakeholder training programs aimed at preventing future improper payments.
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), a technology-enabled payment integrity and analytics services provider, has announced its participation in the BTIG MedTech, Digital Health, Life Science & Diagnostic Tools Conference on Wednesday, February 12th. The company's CFO, Rohit Ramchandani, will be available for one-on-one virtual investor meetings during the event.
Performant specializes in helping healthcare payers identify and prevent waste and improper payments through advanced technology and analytics. The company offers eligibility-based coordination-of-benefits (COB) services and claims-based services, including audit and identification of improperly paid claims. They serve both government and commercial healthcare markets, providing advanced reporting, support services, customer care, and stakeholder training programs aimed at preventing future improper payments.