Performant Financial Corporation announced that New York State?s Office of the Medicaid Inspector General (OMIG) awarded Performant its 2023 Recovery Audit Contractor (RAC) contract following an open and competitive procurement process. This contract will run for five years, consisting of an initial three-year term, and two one-year renewals. Leveraging advanced algorithms and sophisticated reviews, Performant?s best-in-class team will conduct post-payment assessments on designated claims to pinpoint and rectify improper payments.

Performant?s appointment as the exclusive RAC contractor for the State of New York?s Medicaid program comes on the heels of several remarkable achievements. Notably, the Company now holds three out of five CMS RAC contracts. Additionally, Performant serves as the exclusive partner for CMS?

Medicare Secondary Payer Commercial Repayment Center (MSP CRC) contract and is the sole audit contractor for the U.S. Department of Health and Human Services Office of the Inspector General, showcasing its reputation as a trusted industry leader.