Performant Healthcare, Inc. - Common Stock (PFMT)

Competitors to Performant Healthcare, Inc. - Common Stock (PFMT)

Change Healthcare

Change Healthcare specializes in providing data solutions, technology, and payment accuracy solutions to healthcare stakeholders. Competing directly with Performant, Change Healthcare utilizes its focus on technology and data-driven insights to enhance healthcare operational efficiencies and reduce costs. Their extensive customer base and collaborative approach foster strong market relationships, giving them a distinct competitive advantage over Performant.

Cognizant Technology Solutions 

Cognizant Technology Solutions competes with Performant Healthcare by offering a broad range of healthcare services, including revenue cycle management, analytics, and technology solutions. Their established reputation and extensive experience in IT services and healthcare specifically enable Cognizant to provide integrated solutions that may appeal to large healthcare organizations seeking comprehensive support. Additionally, their global delivery model allows them to leverage cost efficiencies and scale rapidly, which positions them favorably against Performant.

HMS Holdings Corp

HMS Holdings Corp focuses primarily on recovery audit and Medicaid-related services, competing with Performant in revenue cycle management and claims processing. HMS utilizes robust analytics and innovative technology solutions designed to enhance accuracy and reduce fraud within healthcare claims. Their specialization in public healthcare solutions gives them a distinct advantage in certain market segments, though they operate in a narrower niche compared to Performant's broader services.

McKesson Corporation 

McKesson Corporation competes with Performant by offering healthcare management solutions that include comprehensive analytics and revenue cycle management. Being a leading pharmaceutical distribution company, McKesson also benefits from its established relationships with healthcare providers and payers, allowing it to bundle services effectively. This integration of logistics with healthcare solutions provides a competitive edge over Performant in terms of scale and service offerings.

Optum (a division of UnitedHealth Group) 

Optum leverages the vast resources of UnitedHealth Group to provide a wide array of healthcare services, including advanced data analytics and consulting services for healthcare providers. Their strong financial backing and integrated healthcare platform allow them to deliver comprehensive solutions that can streamline operations and reduce costs for healthcare systems. The scale and brand recognition of Optum create significant challenges for Performant, especially in securing large contracts.