June 19, 2018 12:12 AM ET

Professional Services

Company Overview of Performant Recovery, Inc.

Company Overview

Performant Recovery, Inc. offers audit and recovery services to payers of healthcare claims to protect against lost revenues. Its services include identification and recovery of underpayments and overpayments that result from erroneous, fraudulent, and wasteful procedures. The company serves government and private organizations that outsource their services to agencies whose core competencies are in the examination and resolution of healthcare related assets. Performant Recovery, Inc. was formerly known as Diversified Collection Services, Inc. and changed its name to Performant Recovery, Inc. in August 2012. The company was founded in 1976 and is based in Livermore, California. Performant Re...

333 North Canyons Parkway

Suite 100

Livermore, CA 94551

United States

Founded in 1976

Phone:

925-960-4800

Fax:

325-224-6710

Key Executives for Performant Recovery, Inc.

Chairman and Chief Executive Officer
Age: 52
President
Age: 59
Founder
Age: 74
Vice Chairman and Executive Vice President
Age: 66
Head of Parthenon Capital's West Coast Office
Age: 51
Compensation as of Fiscal Year 2017.

Performant Recovery, Inc. Key Developments

Performant Recovery, Inc. Announces Termination of Material Definitive Agreement

The Department of Education announced that Performant Recovery, Inc., and another company had been awarded contracts to provide debt-collection services on defaulted Federal student loans. Those contract awards have been the subject of protests by unsuccessful bidders at the U.S. Court of Federal Claims. On May 3, 2018, the Department of Justice, on the Department of Education's behalf, notified the U.S. Court of Federal Claims that the Department of Education has decided to cancel this procurement and, as a result, will terminate for convenience the contracts awarded to Performant and the second awardee, the performance of which has been stayed since award due to the protests. The notice states that the Department of Education has decided to cancel the current procurement as part of its plan to make substantial changes in the collection and administrative resolution of defaulted Federal student loans, which the Department of Education concluded would eliminate the need for this procurement.

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