Performant Financial Corporation Acquires Key AI Technology Assets from RecordsOne to Enhance Healthcare Cost Containment Workflows

Performant Financial Corporation, a leading provider of technology-enabled payment integrity services, recently announced the strategic acquisition of key AI technology assets from RecordsOne, a company specializing in natural language processing and advanced domain analytics within the healthcare sector. This acquisition marks a significant milestone for Performant as it continues to drive technological advancements in healthcare payment integrity solutions.

Simeon Kohl, CEO of Performant, expressed excitement about the new capabilities this acquisition brings to the company. He emphasized the importance of leveraging technology to automate historically labor-intensive activities and enhance audit accuracy and efficiency. By incorporating and further training RecordsOne AI technology, Performant aims to elevate its already differentiated audit offerings and provide even greater value to its clients.

Bacilio “Bac” Palomo, CEO of RecordsOne, highlighted the alignment of missions and cultures between the two companies. He emphasized the opportunity to combine technology with data to drive successful outcomes for clients. The integration of RecordsOne technology with Performant’s expansive data assets and subject matter expertise is expected to empower the technology to further drive clinical and financial success.

Amanda Purvis, Senior VP of Product Innovation at Performant, underscored the potential of integrating powerful automation and advanced natural language processing into the company’s audit platform. She expressed excitement about the opportunity to collaborate with an experienced team of technologists and further train the technology using Performant’s data assets.

Rohit Ramchandani, CFO of Performant, discussed the strategic advantages and financial efficiency that the acquisition brings to the company. Transitioning RecordsOne from a vendor to an integrated component of Performant’s technology stack is expected to bolster long-term financial goals and drive further technological advancements in healthcare payment integrity solutions.

This acquisition solidifies Performant’s position as a leader in driving technological advancements in the healthcare sector. By adding key AI technology assets from RecordsOne, Performant reaffirms its commitment to becoming a pure-play healthcare company and delivering innovative solutions to its clients.

For more information about Performant Healthcare Solutions, visit their website at https://www.performantcorp.com.