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Performant Healthcare Announces Confirmation of RAC Opportunity With New York State

1. New York approved Performant's Medicaid Recovery Audit Contract, starting Q2 2025. 2. This contract signifies a major milestone for Performant Healthcare.

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Why Bullish?

The approval of a multi-year contract is likely to enhance revenue stability and growth, boosting investor confidence. Historically, contract awards have positively influenced stock prices in the healthcare sector.

How important is it?

The Medicaid Recovery Audit Contract represents a substantial revenue opportunity, aligning with Performant's strategic goals and market demand. This approval amplifies investor perception of PHLT's growth potential.

Why Long Term?

Starting in Q2 2025, this contract will provide ongoing revenue, positively impacting PHLT's long-term financial outlook and market position.

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UNHCVSHCA
PLANTATION, Fla.--(BUSINESS WIRE)--Performant Healthcare, Inc. (Nasdaq: PHLT) (the “Company”, “Performant” or “Performant Healthcare”) today announced that the State Comptroller of the State of New York has officially approved and executed the previously tentative award to Performant of the New York State Medicaid Recovery Audit Contract (“RAC”). The multi-year relationship is expected to commence in Q2 2025. “This marks a significant milestone for Performant,” said Simeon Kohl, Chief Executive.

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