Performant Healthcare, Inc.

Good afternoon, ladies and gentlemen, and welcome to the Performant Financial First Quarter 2023 Earnings Conference Call. At this time, all lines are in a listen-only mode. Following the presentation, we will conduct a question and answer session. If at any time during this call you require immediate assistance, please press star zero for the operator. This call is being recorded on Tuesday, May 9, 2023. I would now like to turn the conference over to Richard Zubek, Vice President, Investor Relations. Thank you. Richard, 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 first quarter 2023 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., Board Chair, Simeon Cole, Chief Executive Officer, and Rohit Ramchandani, Chief Financial Officer. 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. Our 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 measures disclosed during this call are reconciled to the most directly comparable GAAP measures in the table attached to our press release. Lastly, I'd like to formally announce that the company will be hosting its inaugural Investor Day event on June 20th in New York City. Please contact me via email if you'd like additional information or have interest in attending. I would now like to turn the call over to Lisa Im. Lisa?

Thank you, Rich. Good afternoon, everyone, and thank you for joining us for our earnings call. We are announcing several changes today which make the future of performance even more exciting. I'm proud of the effort that this entire team gives each and every day as it has allowed us to pursue and grow our healthcare business in ways that many thought impossible. Thank you all for your dedication and hard work. As you already read in our press release, I am stepping down as CEO of Performant. I intend to continue as our board chair, but given that the transition to becoming a pure play healthcare company is complete, it is the right time for me to hand over the ring to Simeon Cole, who will continue to execute his exciting vision for the growth of Performance Healthcare Solutions. This should come as no surprise to anyone given Simeon's dedication to the company. and the growth that he and his team have achieved thus far in the healthcare payment integrity space. From the time I first met Simeon, it was very clear to me that he was a visionary with a bright future ahead of him. Simeon has served as the head of our health operations since joining Performant and was promoted to president in March of last year. Simeon drove the significant and notably fully organic growth in our healthcare revenues and led our healthcare business to become the focus of the company. We are also pleased to announce the promotion of Rohit Ramchandani to Chief Financial Officer. Rohit has been with Performance for over nine years and most recently served as Senior Vice President of Finance and Strategy for the past two years. In that role, Rohit successfully navigated the actions to transform performance away from its legacy recovery business and continue investing into the healthcare markets. With that, we want to congratulate both Simeon and Rohit on their promotion. I turn the call over to our new CEO, Sim.