About Performant Financial
Performant Financial is a publicly listed company based in Livermore (United States) founded in 1976. Recovery solutions for government obligations are provided by Performant Financial. The company has 964 employees. Performant Financial has completed 2 acquisitions, including Premier Healthcare Exchange and Premiere Credit. Its chief executive, as recorded, is Lisa Im. Performant Financial offers products and services including Audit Advantage, Data Mining Advantage, MSP Advantage, TPL Advantage, and Recovery Advantage. Its focus areas include Services for Healthcare Providers, BPO and Revenue Cycle Management. Its legal entity is Performant Healthcare, Inc. Its competitors include R1 RCM, Coronis Health and Sagility.
Company details
Performant Financial was founded in 1976 and is headquartered in Livermore, United States. Operations are centered in the financial recovery sector, where services are offered for government obligations including student loans, tax collections, non-tax federal debts, healthcare claims, cost containment, and prepayment audits. These solutions are delivered to assist in obligation recovery across various federal programs.
- Headquarters Livermore, United States
- Employees 964
- Stage Public
- SectorsHealthcare
- Website performantcorp.com
- Social LinkedIn Facebook
- Legal Name Performant Healthcare, Inc.
- Annual Revenue$122.98 M (USD)8.12as on Dec 31, 2024
- Net Profit-$9.89 M (USD)-31.6as on Dec 31, 2024
- EBITDA-$2.57 M (USD)-539.15as on Dec 31, 2024
- Investors
- Employee Count964
- Investments & AcquisitionsPremier Healthcare Exchange
& 1 more
Products & Services of Performant Financial
Performant Financial offers a comprehensive portfolio of products and services, including Audit Advantage, Data Mining Advantage, MSP Advantage, TPL Advantage, and Recovery Advantage.
Identifies improper payments in healthcare claims.
Manages data to improve cost containment practices.
Validates other coverage for health plans.
Identifies primary coverage before Medicaid.
Recovers funds from overpayments efficiently.
Funding Insights of Performant Financial
- Total Rounds 2
- First Round $78M
(Apr 2013)
- Investors Count 1
All 2 funding rounds of Performant Financial with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan 2018 | Post-IPO | – | – | ||
| Apr 2013 | $78M | Post-IPO | – | – | – |
1 investors in total: 1 institutional.
Investors in Performant Financial
Performant Financial has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Mill Road Capital.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
| millroadcapital.com |
Investor details for Performant Financial
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People of Performant Financial
66 people are tracked at Performant Financial (30 in leadership, 3 in board & advisors, 33 in team); the tracked headcount is 964.
| Name | Role | Group |
|---|---|---|
Lisa Im | CEO | Leadership |
Amanda Conard | Director, Healthcare Eligibility Services | Leadership |
Simeon Kohl | Vice President and General Manager of Healthcare | Leadership |
Hakan Orvell | Chief Financial Officer | Leadership |
John Webb | Talent Acquisition Business Partner | Leadership |
Heather Whipple Castillo | Executive Assistant To Chief Executive Officer | Leadership |
John Moses | Sr Director Solutions Architecture | Leadership |
Grant Kordash | Senior Vice President - Technology | Leadership |
Vince Ramirez | Senior Director | Leadership |
Jeremey Williams | Director Government Programs | Leadership |
Lisa Staples | VP Cinical Analyst | Leadership |
Alan Coulter-Logan | Vice President Of Business Development & Marketing | Leadership |
Dennis Christie | Sr. Director Of Compliance | Leadership |
Melissa Christ | Chief People Officer | Leadership |
Alan Coulter | Vice President Of Business Development | Leadership |
Rohit R. | Chief Financial Officer | Leadership |
Michael Feid | Division Vp, Eligibility & Recovery Services | Leadership |
Corey Hostetler | Senior Director Project Management & Implementations | Leadership |
Ted Doyle | Senior Vice President, Government Programs | Leadership |
Ken Veilleux | Director, Program Strategy & Delivery | Leadership |
46 more people are available in the full profile.
Complete people profiles for Performant Financial
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IPO & Listings of Performant Financial
Performant Financial is a publicly listed company on the NASDAQ with ticker symbol PHLT in USA, operating in the Commercial services sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
- IPO date09 Aug 2012
- Listed onNASDAQ: PFMT
- Listed entityPerformant Healthcare, Inc.
- Exchange sectorCommercial services
- Share price$7.73 (+0.26% on the day) · 2025-09-29
- Market capitalisation$621.8M
- EPS (diluted, trailing year)$-0.01
- Volume (last session)294,943
- Analyst consensusNeutral
Financials of Performant Financial
| Year | Revenue | Net income | EBITDA |
|---|---|---|---|
| 2024 | $123.0M | -$9.9M | -$2.6M |
| 2023 | $113.7M | -$7.5M | $585,000 |
| 2022 | $109.2M | -$6.5M | -$1.2M |
| 2021 | $124.4M | -$10.3M | $6.3M |
| 2020 | $155.9M | -$14.0M | $20.0M |
Detailed financial statements for Performant Financial
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Investments & Acquisitions by Performant Financial
Performant Financial has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include Premier Healthcare Exchange and Premiere Credit.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Accounts receivable and debt management services are provided nationwide. | premierecredit.com | Indianapolis, United States | 1999 | Aug 2018 | •••• | |
Health insurance claims, networks, and payments are managed through software. | phx-online.com | Bedminster, United States | 2001 | Jan 2015 | $130M |
Complete acquisition details for Performant Financial
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Timeline of Performant Financial
6 dated milestones of Performant Financial across 42 years, from founding to its latest funding, stage changes and deals.
- Founded Performant Financial is founded.
- IPO Lists on the stock exchange (IPO).
- Funding First funding round of $78.0M.
- Acquisition Acquires Premier Healthcare Exchange.
- Funding Latest funding round, Post-IPO,.
- Acquisition Acquires Premiere Credit.
Competitors of Performant Financial
Performant Financial has 3 listed competitors in our database. They include R1 RCM, Coronis Health and Sagility.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| r1rcm.com | 2003 | Chicago, United States | 16,445 | End-to-end revenue cycle management is provided for healthcare organizations. | ||
| coronishealth.com | 1981 | Baltimore, United States | 452 | Provider of revenue cycle management services | ||
| sagilityhealth.com | 2000 | Westminster, United States | Healthcare outsourcing, revenue management, and technology solutions are provided. |
Detailed competitors of Performant Financial
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Web traffic of Performant Financial
Websites that share an audience with Performant Financial (performantcorp.com).
Websites whose visitors overlap most with Performant Financial. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
dcsquickpay.com | dcsquickpay.com | 100% | – | ||
dcsrac.com | dcsrac.com | 100% | – | ||
| performant.com | 95% | 1.4K | #12,687,334 | View details | |
investing.businessweek.com | investing.businessweek.com | 69% | – |
Top companies in Healthcare Provider Support Services
3 companies that operate in the same segment as Performant Financial (Healthcare Provider Support Services) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Provider of self funded health plan | 2017 | New York, New York, United States | USD 224 M | 212 | ||
Provider of AI solutions for clinical, operational, and business outcomes | 2005 | Princeton, New Jersey, United States | USD 1.13 B | USD 465.22 M | 5,442 | |
AMN Healthcare is recognized as a leading healthcare staffing provider. | 1985 | San Diego, California, United States | USD 2.73 B | 2,970 |
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Related news about Performant Financial
Complete news archive for Performant Financial
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Frequently Asked Questions about Performant Financial
Performant Financial was founded in 1976 and raised its 1st funding round 37 years after it was founded.
Performant Financial is headquartered in Livermore, United States. It is registered at Livermore, California, United States.
Lisa Im is the CEO of Performant Financial, as recorded in our data.
Performant Financial has 964 employees.
Annual revenue of Performant Financial is $122.98M as on Dec 31, 2024.
Performant Financial was founded in 1976 and is headquartered in Livermore, United States. Operations are centered in the financial recovery sector, where services are offered for government obligations including student loans, tax collections, non-tax federal debts, healthcare claims, cost containment, and prepayment audits. These solutions are delivered to assist in obligation recovery across various federal programs.
Performant Financial's top competitors include R1 RCM, Sagility and Coronis Health.
Performant Financial offers Audit Advantage, Data Mining Advantage, MSP Advantage, TPL Advantage, and Recovery Advantage.
Yes, Performant Financial is publicly traded on NASDAQ under the ticker symbol PHLT.
Performant Financial has made 2 acquisitions, including Premier Healthcare Exchange, and Premiere Credit.
Performant Financial has 1 investor. Key investors include Mill Road Capital.
Performant Financial operates through Performant Healthcare, Inc..