Insights

Target healthcare payers Payformance Solutions focuses on value-based reimbursement and payer-provider collaboration, presenting a clear upsell path to health plans seeking tools to design, measure, and negotiate value-based contracts.

Enterprise yet nimble With 11-50 employees and revenue under one million, the company is a small, agile partner capable of integrating Payformance into larger payer/provider ecosystems without the overhead of a large vendor.

Trust and credibility As a wholly owned subsidiary of the nonprofit Altarum Institute, Payformance can leverage established public-interest credibility to win contracts with government entities and mission-driven organizations.

Proven product ramp Historical launches like TrustHub and early HIMSS presence indicate a product-focused, healthcare IT approach; there is an opportunity to expand adoption among regional providers and plans exploring value-based care.

Growth opportunities Recent recognition as a top Chicago workplace and ongoing leadership in value-based software suggests potential for expansion into adjacent markets, channels, and partnerships with state Medicaid programs or associations.

Similar companies to Payformance Solutions

Payformance Solutions Tech Stack

Payformance Solutions uses 8 technology products and services including ID5, LiteSpeed Cache, Amazon Web Services, and more. Explore Payformance Solutions's tech stack below.

Media & News

Payformance Solutions's Email Address Formats

Payformance Solutions uses at least 2 email formats:
Payformance Solutions Email FormatsExamplePercentage
First.Last@payformancesolutions.comJohn.Doe@payformancesolutions.com
91%
First.MiddleLast@payformancesolutions.comJohn.MichaelDoe@payformancesolutions.com
9%

Frequently Asked Questions

What is Payformance Solutions's official website and social media links?

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Payformance Solutions's official website is payformancesolutions.com and has social profiles on LinkedIn.

How much revenue does Payformance Solutions generate?

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As of July 2026, Payformance Solutions's annual revenue is estimated to be <$1M.

What is Payformance Solutions's NAICS code?

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Payformance Solutions's NAICS code is 62 - Health Care and Social Assistance.

How many employees does Payformance Solutions have currently?

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As of July 2026, Payformance Solutions has approximately 12 employees across 1 continents, including North America. Key team members include Quality Assurance Specialist: S. M. Explore Payformance Solutions's employee directory with LeadIQ.

What industry does Payformance Solutions belong to?

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Payformance Solutions operates in the Hospital & Health Care industry.

What technology does Payformance Solutions use?

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Payformance Solutions's tech stack includes ID5, LiteSpeed Cache, Amazon Web Services, WordPress, Google Cloud, WP Engine, Python and FitVids.js.

What is Payformance Solutions's email format?

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Payformance Solutions's email format typically follows the pattern of First.Last@payformancesolutions.com. Find more Payformance Solutions email formats with LeadIQ.

When was Payformance Solutions founded?

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Payformance Solutions was founded in 2017.
Payformance Solutions logo

Payformance Solutions

Hospital & Health CareIllinois, United States11-50 Employees

Payformance Solutions is a health-tech company based in Chicago, Illinois that focuses on payment transformation in healthcare. It offers proprietary software that uses data to support the design, measurement, and negotiation of value-based reimbursement contracts as a neutral intermediary, with the aim of improving access to care and health outcomes at lower costs.

As a wholly owned subsidiary of Altarum Institute, a nonprofit systems research and consulting organization with a long history in health IT, Payformance operates within the broader healthcare and hospitals and health care industry. Its offerings are aimed at payers and providers seeking greater transparency and alignment of financial goals with patient outcomes, fostering collaboration within a value-based care ecosystem. In January 2019, the company was recognized as one of Chicago's best places to work.

Section iconCompany Overview

NAICS Code
62 - Health Care and Social Assistance
Founded
2017
Employees
11-50

Section iconFunding & Financials

  • <$1M

    Payformance Solutions's revenue is estimated to be in the range of <$1M

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