The transaction, which was initially announced on December 24, 2020, was approved by the majority of PRGX shareholders on March 2, 2021. In connection with the closing of the transaction, the company, which will continue to operate as PRGX Global, Inc., will be controlled by Ardian.

Who is the CEO of PRGX?

Michael Lustig
Michael Lustig was named PRGX President and Chief Executive Officer in March 2021. He also serves on the Company’s Board of Directors.

Is PRGX private?

Upon closing, PRGX will operate as a privately held company. PRGX is the world’s largest Accounts Payable and Merchandise Recovery Audit firm, serving clients in more than 30 countries in North and South America, Europe, Asia and Oceania.

Who bought PRGX?

Ardian
Ardian’s North America Direct Buyouts Completes Transaction, Positioning PRGX to Expedite Technology Roadmap and Accelerate Growth. Michael Lustig Named PRGX CEO. Atlanta & New York – March 4, 2021 – Ardian, a world-leading private investment house, and PRGX Global, Inc.

What type of company is Prgx?

PRGX is a business analytics and information services firm. They are pioneering a new suite of services called Profit Discovery. The focus of Profit Discovery is improving their clients’ financial performance via a combination of audit, analytics and advisory services.

What does a recovery audit do?

What does a Recovery Audit Contractor (RAC) do? RAC’s review claims on a post-payment basis. The RAC’s detect and correct past improper payments so that CMS and Carriers, FIs, and MACs can implement actions that will prevent future improper payments.

What type of company is PRGX?

What does PRGX Global do?

(PRGX) is a leading global provider with a 50 year history of delivering Source to Pay (S2P) services to many of the world’s largest and complex companies. Having identified more than 300 common points of leakage, we help companies reach wider, dig deeper and act faster to get more value our of their S2P data.

What is FlexTecs?

FlexTecs is a global technology and services provider focused on helping large organizations seeking to reduce profit leakage and drive greater ROI. Flexible Technology Solutions was founded on the idea that recovery auditing should extend beyond the basic identification of defects.

What triggers a RAC audit?

RAC looks for both overpayments made to patients and underpayments made to providers. While many RAC audits do uncover fraud, it is important to note that innocent mistakes or errors in documentation can also trigger an audit. 2.

What is a ZPIC audit?

Zone Program Integrity Contractors (ZPIC) are responsible for investigating suspected fraud, waste, or abuse in the Medicare program and healthcare providers. They are given powers to conduct detailed audits on a massive scale on behalf of the Centers for Medicare and Medicaid Services (CMS).

What company is Prgx?

PRGX Global, Inc. (PRGX) is a leading global provider with a 50 year history of delivering Source to Pay (S2P) services to many of the world’s largest and complex companies.