December 3, 2020
Business News

Performant Announces Recently Launched Medicare Advantage Offering Exceeds Four Million Contracted Lives

LIVERMORE, Calif.–()–Performant Financial Corporation (Nasdaq:PFMT), (“the Company”), a provider of technology-enabled recovery and related analytics services, today announced that it has contracted over four million lives for its recently launched Premium Accuracy offering, a Medicare Secondary Payer (MSP) service for Medicare Advantage Plans.

Medicare Advantage (MA) is the fastest-growing segment of private Health insurance with 8% enrollment growth per year. When MA enrollees have access to primary health coverage outside of Medicare (such as an employer group health plan), the Centers for Medicare and Medicaid Services (CMS) reduces the premium payment to the MA Plan by 80% or more. Yet, industry data…

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