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Upturn AI SWOT - About
Performant Healthcare, Inc (PHLT)
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Upturn Advisory Summary
04/01/2025: PHLT (1-star) has a low Upturn Star Rating. Not recommended to BUY.
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
AI Based Fundamental Rating
Moderate Performance
These Stocks/ETFs, based on Upturn Advisory, typically align with the market average, offering steady but unremarkable returns.
Analysis of Past Performance
Type Stock | Historic Profit -48.79% | Avg. Invested days 36 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Star Rating | Upturn Advisory Performance  3.0 | Stock Returns Performance  1.0 |
| Profits based on simulation | Last Close 04/01/2025 |
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 181.24M USD | Price to earnings Ratio - | 1Y Target Price 7 |
Price to earnings Ratio - | 1Y Target Price 7 | ||
Volume (30-day avg) 173413 | Beta 0.07 | 52 Weeks Range 2.26 - 4.35 | Updated Date 03/20/2025 |
52 Weeks Range 2.26 - 4.35 | Updated Date 03/20/2025 | ||
Dividends yield (FY) - | Basic EPS (TTM) -0.1 |
Earnings Date
Report Date 2025-03-13 | When - | Estimate - | Actual -0.0064 |
Profitability
Profit Margin -6.74% | Operating Margin (TTM) -6.82% |
Management Effectiveness
Return on Assets (TTM) -4.26% | Return on Equity (TTM) -10.6% |
Valuation
Trailing PE - | Forward PE - | Enterprise Value 182334507 | Price to Sales(TTM) 1.5 |
Enterprise Value 182334507 | Price to Sales(TTM) 1.5 | ||
Enterprise Value to Revenue 1.51 | Enterprise Value to EBITDA 321.01 | Shares Outstanding 78291400 | Shares Floating 49728326 |
Shares Outstanding 78291400 | Shares Floating 49728326 | ||
Percent Insiders 8.11 | Percent Institutions 85.06 |
Analyst Ratings
Rating 5 | Target Price - | Buy - | Strong Buy 3 |
Buy - | Strong Buy 3 | ||
Hold - | Sell - | Strong Sell - | |
Strong Sell - |
Upturn AI SWOT
Performant Healthcare, Inc
Company Overview
History and Background
Performant Healthcare, Inc., was founded in 2005. Initially focused on recovery audit contracting for government healthcare programs, the company has expanded its services to include technology-enabled audit, recovery, and payment integrity solutions.
Core Business Areas
- Payment Integrity: Provides services to identify and recover improper payments made by healthcare payers, ensuring compliance and accuracy.
- Audit and Recovery: Audits healthcare claims data to identify errors, fraud, and abuse, recovering improperly paid funds.
- Technology Solutions: Offers technology platforms and tools to support healthcare payers in their payment integrity and audit processes.
Leadership and Structure
The leadership team includes Lisa Im, CEO. The company has a functional organizational structure with departments focusing on operations, technology, finance, and sales.
Top Products and Market Share
Key Offerings
- Coordination of Benefits (COB): Identifies and recovers payments made when a beneficiary has multiple healthcare payers. While specific market share is hard to find, Performant competes with companies offering similar services like Optum and Cotiviti. Revenue is not public.
- Improper Payment Detection: Uses data analytics to detect and prevent improper payments. Market data not publicly available. Competitors include HMS Holdings (now Gainwell Technologies) and Conduent. Revenue is not public.
Market Dynamics
Industry Overview
The payment integrity industry is driven by increasing healthcare costs and the need to reduce fraud, waste, and abuse. The sector is highly competitive, with government regulations influencing market dynamics.
Positioning
Performant is positioned as a provider of technology-enabled audit and recovery solutions within the healthcare payment integrity market. Its competitive advantage lies in its data analytics capabilities and expertise in government healthcare programs.
Total Addressable Market (TAM)
The Total Addressable Market is estimated to be in the billions of dollars. Performant is positioned to capture a portion of this market through its specialized services and technological solutions.
Upturn SWOT Analysis
Strengths
- Expertise in government healthcare programs
- Technology-enabled audit and recovery solutions
- Strong data analytics capabilities
Weaknesses
- Concentration of revenue from government contracts
- History of net losses
- Dependence on contract renewals
Opportunities
- Expansion into new healthcare markets
- Development of new technology solutions
- Increased demand for payment integrity services
Threats
- Changes in government regulations
- Increased competition
- Risk of contract termination
Competitors and Market Share
Key Competitors
- OTCMKTS:GNWT
- COTV
Competitive Landscape
Performant faces stiff competition in the payment integrity market, with competitors offering similar services and technology solutions. Its success depends on its ability to innovate, maintain competitive pricing, and secure long-term contracts.
Major Acquisitions
Growth Trajectory and Initiatives
Historical Growth: Historical growth patterns require financial data analysis over several years.
Future Projections: Analyst estimates require consulting financial data and forecasting services.
Recent Initiatives: Requires up-to-date company information on strategic initiatives.
Summary
Performant Healthcare operates in the competitive healthcare payment integrity market and leverages technology to audit and recover improper payments. Its reliance on government contracts and history of net losses pose challenges. Future growth hinges on innovation, market expansion, and maintaining competitive advantages in a regulated environment. The company needs to diversify its revenue streams and improve profitability.
Similar Companies
Sources and Disclaimers
Data Sources:
- Company websites
- Financial news sources
- Industry reports
Disclaimers:
This analysis is based on publicly available information and is not financial advice. Market share estimates are approximate.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Performant Healthcare, Inc
Exchange NASDAQ | Headquaters Plantation, FL, United States | ||
IPO Launch date 2012-08-10 | CEO & Director Mr. Simeon M. Kohl | ||
Sector Healthcare | Industry Health Information Services | Full time employees 964 | Website https://performantcorp.com |
Full time employees 964 | Website https://performantcorp.com | ||
Performant Healthcare, Inc. provides audit, recovery, and analytics services in the United States. It supports healthcare payers in identifying, preventing, and recovering waste and improper payments through advanced technology, analytics, and proprietary data assets. The company also offers coordination-of-benefits services, as well as claims-based services, which includes the audit and identification of improperly paid claims. Further, it provides advanced reporting capabilities, support services, customer care, and stakeholder training programs to mitigate future instances of improper payments. The company was formerly known as Performant Financial Corporation and changed its name to Performant Healthcare, Inc. in December 2024. Performant Healthcare, Inc. was founded in 1976 and is headquartered in Plantation, Florida.
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