Performant Healthcare, Inc. (PHLT)
NASDAQ (NGS) NASDAQ (NGS) Primary Summary
Performant Healthcare (PHLT) Surges 115.2%: Is This an Indication of Further Gains?
Performant Healthcare (PHLT) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might not help the stock continue moving higher in the near term.
Performant Healthcare (PHLT) Upgraded to Strong Buy: What Does It Mean for the Stock?
Performant Healthcare (PHLT) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).
Performant Healthcare: Guidance Raised After Q1 Outperformance - Buy (Rating Upgrade)
Performant Healthcare reported strong first quarter 2025 results, with revenues and profitability well ahead of consensus expectations. Total healthcare revenues were up by almost 30% on a year-over-year basis, and Adjusted EBITDA increased from ($1.2) million to $3.3 million. With 2025 off to a strong start and considering improving sales and implementation cycles, management raised full-year expectations.
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Performant Healthcare, Inc. Profile
| Health Care Providers & Services Industry | Healthcare Sector | Simeon M. Kohl CEO | NASDAQ (NGS) Exchange | 71377E105 CUSIP |
| US Country | 964 Employees | - Last Dividend | - Last Split | 10 Aug 2012 IPO Date |
Overview
Performant Financial Corporation specializes in providing a comprehensive suite of technology-enabled audit, recovery, and analytics services primarily within the United States. The company plays a crucial role in identifying improper payments across a myriad of instances, such as incorrect coding, procedures that were unwarranted medically, incomplete documentation, or claims made using outdated fee schedules, as well as dealing with coverage discrepancies. Initially known as DCS Holdings, Inc., it underwent a rebranding to Performant Financial Corporation in 2005. Founded in 1976, Performant Financial has cemented its status as a pioneer in its field, operating with its headquarters rooted in Plantation, Florida. The organization spans its services across both government and commercial healthcare markets, showcasing a wide spectrum of expertise in managing financial discrepancies and optimization of fiscal operations for its clients.
Products and Services
- Performant Insight
At the core of Performant Financial Corporation's offerings is Performant Insight, a multifaceted service package adept at handling post- and pre-payment audit of healthcare claims. This ensemble includes the detection of fraud, waste, and abuse within healthcare claims with an unmatched precision. Supplementing this, Performant Insight stands out in ensuring thorough coordination of benefits and conducts deep dives into pharmacy fraud detection. Its versatility and comprehensive coverage make it a cornerstone product for tackling financial and operational inefficiencies within healthcare claims processing.
- First Party Call Center and Outsourced Services
The company extends its expertise beyond audit and analytics by offering first-rate first party call center solutions and other outsourced services. These facilities are tailored to enhance client engagement, streamline communication processes, and ensure efficient resolution of inquiries and issues. Leveraging advanced technology alongside seasoned professionals, Performant Financial Corporation is equipped to provide unparalleled support and service delivery across various customer interaction points.
- Audit and Recovery Services
Performant Financial Corporation's audit and recovery services stand out for their robust approach towards identifying and reclaiming improper payments. Specializing in pinpointing discrepancies stemming from a spectrum of issues like incorrect coding or medically unnecessary procedures, these services embody precision and efficiency. The strategic deployment of these services effectively mitigates financial wastage, ensuring compliance and fiscal health for clients in the complex landscape of healthcare finance.
