Performant Secures HHS OIG IDIQ Contract For Medical Review, Consultative Services

Performant Financial Corp (NASDAQ:PFMT) revealed the recent award of an IDIQ contract by the U.S. Department of Health and Human Services, Office of the Inspector General (HHS OIG). Financial terms were not disclosed.
Under the contract with a base term of one year and four additional 1-year options, the company will provide medical review and consultative services associated with the oversight activities of the OIG.
The contract was awarded via a full-and-open competitive procurement.
"We are thrilled about this opportunity to further our partnership with HHS to reduce improper payments and conserve the Medicare Trust Fund," said Simeon Kohl, SVP, and GM Healthcare.
Price Action: PFMT shares are trading higher by 0.40% at $2.51 on the last check Tuesday.

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