Performant Financial Corp (OQ:PFMT)
Business Focus: Business Support Services
Mixed as of May 01, 2024
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Insider Filings
Latest 10 SEC Form 4 filings for PFMT*US within the last 6 months
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Company News
Apr 09, 2024 16:00 ET
Performant Financial Corporation Acquires Artificial Intelligence Technology in Support of Its Scale Initatives
Performant Financial Corporation (Nasdaq: PFMT) (Performant), primarily operating as Performant Healthcare Solutions, a leading provider of technology-enabled payment integrity, eligibility, and related analytics services, today announced the strategic acquisition of key AI technology assets from RecordsOne, a technology company specializing in natural language processing and advanced domain analytics to enhance cost containment workflows within the healthcare sector.
Mar 12, 2024 16:03 ET
Performant Financial Corporation Announces Financial Results for Fourth Quarter and Full Year 2023
Performant Financial Corporation (Nasdaq: PFMT), a leading provider of healthcare payment integrity services, today reported the following financial results for its fourth quarter and full year ended December 31, 2023:
Valuation Ratios
Industry
Sector
Beta
0.06
--
--
Price to Sales - TTM
2.07
1.59
1.85
Price to Book - most recent quarter
3.08
1.95
2.26
Price to Cash Flow per share - TTM
--
11.12
13.47
Price to Free Cash Flow per share - TTM
--
22.31
23.54
Business Summary
| Sector: Industrials | Industry: Business Support Services |
Performant Financial Corporation supports healthcare payers in identifying, preventing, and recovering waste and improper payments by leveraging advanced technology, analytics and data assets. The Company works with 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. It also provides advanced reporting capabilities, support services, customer care, and stakeholder training programs designed to mitigate future instances of improper payments. The Company offers these services in both government and commercial healthcare markets. It provides audit, eligibility, and recovery services to identify improper healthcare payments. The Company provides its services to government and private clients, such as private healthcare and Center for Medicare and Medicaid Services (CMS).
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