Performant Financial Corp is a leading provider of technology-enabled recovery and related analytics services. The company was founded in 1976 as Diversified Collection Services and is headquartered in Livermore, California. It is listed on the Nasdaq Stock Market under the ticker symbol "PFMT".
Performant Financial specializes in delivering innovative and customized solutions for the recovery of delinquent or defaulted assets on behalf of government, healthcare, and financial services clients. The company leverages its advanced analytics, proprietary technology, and deep industry expertise to help its clients optimize their recovery processes and maximize revenue.
Performant Financial's biggest service is their Recovery Services. Through this service, the company helps clients recover delinquent or defaulted assets, such as student loans, healthcare claims, and tax obligations. Performant employs a data-driven approach, using advanced analytics to identify and prioritize accounts with the highest potential for recovery. They employ various strategies, including skip tracing, automated dialing, and negotiation, to recover funds on behalf of their clients.
Performant Financial also provides related services, such as audit and recovery solutions for government agencies. They assist government organizations in identifying and recovering improper payments made through programs like Medicaid and Medicare. The company's expertise in data analytics and compliance helps ensure that government funds are utilized efficiently and effectively.
In addition to recovery services, Performant Financial offers consulting and advisory services to help clients optimize their revenue cycle operations. They provide actionable insights and recommendations to enhance performance, mitigate risk, and improve overall financial outcomes.