About Performant Financial
Performant Financial is a company based in Livermore (United States) founded in 1976.. The company has 964 employees as of December 31, 2024. Performant Financial has completed 2 acquisitions, including Premier Healthcare Exchange and Premiere Credit. Performant Financial offers products and services including Audit Advantage, Data Mining Advantage, MSP Advantage, TPL Advantage, and Recovery Advantage. Performant Financial operates in a competitive market with competitors including R1 RCM, Access Healthcare, Coronis Health, Sagility and Alpha II, among others.
- Headquarter Livermore, United States
- Employees 964 as on 31 Dec, 2024
- Stage Public
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Sectors
Healthcare
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Performant Healthcare, Inc.
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Annual Revenue
$122.98 M8.12as on Dec 31, 2024
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Net Profit
$-9.89 M-31.6as on Dec 31, 2024
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EBITDA
$-2.57 M-539.15as on Dec 31, 2024
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Latest Funding Round
- Investors
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Employee Count
964
as on Dec 31, 2024
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Investments & Acquisitions
Premier Healthcare Exchange
& 1 more
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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.
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. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
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.
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Software Development Team
21 people
Leadership Team
13 people
Operations Team
8 people
Healthcare Team
5 people
Finance and Accounting
4 people
Sales and Marketing
4 people
Legal and Compliance
3 people
Recovery Team
1 people
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Funding Insights of Performant Financial
- Total Funding Total Funding
- Total Rounds 2
- Last Round Last Round
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First Round
First Round
(19 Apr 2013)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2018 | Amount | Post-IPO - Performant Financial | Valuation |
investors |
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| Apr, 2013 | Amount | Post-IPO - Performant Financial | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
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. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Health insurance claims, networks, and payments are managed through software.
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2001 | ||||
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Accounts receivable and debt management services are provided nationwide.
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1999 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Performant Financial
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Performant Financial Comparisons
Competitors of Performant Financial
Performant Financial operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as R1 RCM, Access Healthcare, Coronis Health, Sagility and Alpha II, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
End-to-end revenue cycle management is provided for healthcare organizations.
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| domain | founded_year | HQ Location |
Provider of revenue cycle management, BPO, IT, and finance and accounting services
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| domain | founded_year | HQ Location |
Provider of revenue cycle management services
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| domain | founded_year | HQ Location |
Healthcare outsourcing, revenue management, and technology solutions are provided.
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| domain | founded_year | HQ Location |
Coding, compliance, and revenue analysis platforms are provided for healthcare.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Performant Financial
Frequently Asked Questions about Performant Financial
When was Performant Financial founded?
Performant Financial was founded in 1976 and raised its 1st funding round 37 years after it was founded.
Where is Performant Financial located?
Performant Financial is headquartered in Livermore, United States. It is registered at Livermore, California, United States.
Who is the current CEO of Performant Financial?
Lisa Im is the current CEO of Performant Financial.
How many employees does Performant Financial have?
As of Dec 31, 2024, the latest employee count at Performant Financial is 964.
What is the annual revenue of Performant Financial?
Annual revenue of Performant Financial is $122.98M as on Dec 31, 2024.
What does Performant Financial do?
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.
Who are the top competitors of Performant Financial?
Performant Financial's top competitors include R1 RCM, Access Healthcare and GeBBS.
What products or services does Performant Financial offer?
Performant Financial offers Audit Advantage, Data Mining Advantage, MSP Advantage, TPL Advantage, and Recovery Advantage.
Is Performant Financial publicly traded?
Yes, Performant Financial is publicly traded on NASDAQ under the ticker symbol PHLT.
How many acquisitions has Performant Financial made?
Performant Financial has made 2 acquisitions, including Premier Healthcare Exchange, and Premiere Credit.
Who are Performant Financial's investors?
Performant Financial has 1 investor. Key investors include Mill Road Capital.
What is Performant Financial's ticker symbol?
The ticker symbol of Performant Financial is PHLT on NASDAQ.
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