Performant Financial Corporation announced that the Centers for Medicare and Medicaid (CMS) awarded Performant the Medicare Secondary Payer (MSP) Recovery Audit contract also known as the Commercial Repayment Center (CRC) for a 6-year term consisting of one base year and five option years. The is a contingency fee contract; CMS pays Performant a percentage of overpayment recoveries returned to the Medicare Trust Fund. Performant has been the incumbent MSP CRC contractor since September 2017 and since then through the end of Fiscal Year 2021 the Company has increased recoveries to the Medicare Trust Fund by nearly 340% per year.

Under the program, Performant is responsible for identifying and recovering payments in situations where CMS should not be the primary payer of healthcare claims because a beneficiary has other forms of insurance coverage, such as through an employer Group Health Plan or certain other payers. In addition to the MSP CRC contract, Performant also serves as the CMS Recover Audit Contractor (RAC) for Regions 1, 2 and the nationwide Region 5 for Durable Medical Equipment, Prosthetics, Orthotics and Supplies (DMEPOS) and Home Health and Hospice (HH&H) claims. Further, Performant was recently selected as the sole national medical reviewer for the Health and Humans Services Office of the Inspector General.