3/15/2022

speaker
Operator
Conference Operator

Greetings and welcome to Performant Financial Corp. Fourth Quarter 2021 Earnings Call. At this time, all participants are in a listen-only mode. A question and answer session will follow the formal presentation. If anyone should require operator assistance during a conference, please press star zero on your telephone keypad. As a reminder, this conference is being recorded. It is now my pleasure to introduce your host, Richard Zubek, Investor Relations. Thank you.

speaker
Richard Zubek
Investor Relations

You may begin. Thank you, Operator. Good afternoon, everyone. By now, you should have received a copy of the earnings release for the company's fourth quarter and full year 2021 results. If you have not, a copy is available on the investor relations portion of our website. On today's call will be Lisa M., Chief Executive Officer, Simeon Cole, President, and Rohit Ramchandani, Senior Vice President of Finance and Strategy. Before we begin, I'd like to remind you that some of the comments made on today's call, including our financial guidance, are forward-looking statements. These statements are subject to risks and uncertainties, including those described in the company's filings with the SEC. Actual results may differ materially from those described during the call. In addition, all forward-looking statements are made as of today, and the company does not undertake to update any forward-looking statements based on new circumstances or revised expectations. Also, all non-GAAP financial disclosures discussed during this call are reconciled to the most directly comparable GAAP measures in the table attached to our press release. I would now like to turn the call over to Lisa Im. Lisa?

speaker
Lisa Im
Chief Executive Officer

Thank you, Rich. Good afternoon, everyone, and thank you for joining us for our earnings call. This past year was transformational for us, and we are pleased with where we landed today. Performance is almost exclusively a healthcare company after effectively ceasing activity in recovery markets. In addition, we completed a public offering of common stocks We financed our debt structure and are now well positioned with multiple new and energized shareholders. We accomplished this alongside continuing to provide top-tier service to our clients, adding new logos, and expanding our already established statements of work. We are excited for our growth and the path ahead. Then we'll provide a deeper discussion of the healthcare operational results in Q4 and for the year in a few moments. However, before I hand it over to him, I want to take a moment to acknowledge all of the hard work and effort that was put in by our team in 2021. Your tireless efforts and contributions have allowed us to be positioned as we are today. We worked hard throughout 2021 to set us up foundationally to be a healthcare pure play organization. And while we continue to work through COVID challenges, we are executing against our plan. Thank you for everything that you've given to our company. In addition, I want to thank our clients for allowing us to be their partner and for their continued support and recognition of our platform and its capabilities. 2022 officially marks a new era for performance, and we are looking forward to capitalizing on our market position and growing the company. Lastly, I wanted to officially announce that Simeon Koh is being promoted to President of Performance. Over the past 10 years, Simeon has worked tirelessly to build and mature our healthcare business. His promotion to President is a natural progression in our transformation to a healthcare pure play company and a direct reflection of his successful leadership and execution of our growth strategy. It gives me great pleasure to introduce Sim to discuss the fourth quarter and other initiatives in our healthcare business in greater detail. Sim?

Disclaimer

This conference call transcript was computer generated and almost certianly contains errors. This transcript is provided for information purposes only.EarningsCall, LLC makes no representation about the accuracy of the aforementioned transcript, and you are cautioned not to place undue reliance on the information provided by the transcript.

-

-