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.