Performant Awarded HHS OIG IDIQ Contract for Medical Review and Consultative Services
February 08 2022 - 7:00AM
Business Wire
Performant Financial Corporation (Nasdaq: PFMT) (Performant, the
Company), a leading provider of technology-enabled payment
integrity, eligibility, and related analytics services, announced
today that on January 4, 2022, the U.S. Department of Health and
Human Services, Office of the Inspector General (HHS OIG) awarded
Performant the indefinite delivery, indefinite quantity (IDIQ)
contract, with a base term of one year and four additional 1-year
options, to provide medical review and consultative services. This
contract was awarded via a full-and-open competitive
procurement.
Under this national IDIQ contract, Performant will provide
medical review and consultative services associated with the
oversight activities of the OIG, primarily assessing services and
claims for Medicare fee-for-service (FFS) payments for Part A and
Part B. OIG may also utilize Performant’s services to assess
services and claims for Medicaid or the Medicare Prescription Drug
Plan (Part D). In addition to medical review of selected claims,
Performant will provide support for auditee discussions or
secondary reviews to assist HHS OIG in pursuing greater policy
adherence, identifying improper payment vulnerabilities, and
refining future industry communications and training.
“This award is a testament to the complex and diverse
capabilities of Performant’s audit solutions and offers significant
opportunities not only to assist OIG in its efforts to fight fraud,
waste, and abuse, but also to partner with HHS on diverse
programs,” stated Simeon Kohl, SVP and GM Healthcare. “We are
thrilled about this opportunity to further our partnership with HHS
to reduce improper payments and conserve the Medicare Trust
Fund.”
Performant helps government and commercial healthcare payers
enhance revenue and contain costs by preventing, identifying, and
recovering waste, improper payments, and defaulted assets.
Performant is a leading provider of these services in several
markets, including Medicare, Medicaid, and commercial healthcare.
Performant has been providing recovery audit services for more than
nine years to both commercial and government clients.
Powered by a proprietary analytics platform and workflow
technology, Performant also provides professional services related
to the recovery effort, including advanced reporting capabilities,
support services, customer care, and stakeholder training programs
meant to mitigate future instances of improper payments. Founded in
1976, Performant is headquartered in Livermore, California.
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MEDIA CONTACT Richard Zubek, Investor Relations Performant
Financial Corporation (925) 960-4988
investors@performantcorp.com
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