Where Payment Integrity Becomes Insight
Penstock is a payment integrity partner built for health plans that refuse to settle for surface-level audits. We specialize in deep, human-led post-pay reviews that uncover complex overpayment patterns others miss—and translate those findings into insight that strengthens payment accuracy at the source.
Our work goes beyond recovery. Every claim reviewed, every chart analyzed, and every billing pattern identified becomes part of a continuous feedback loop that helps plans prevent repeat errors, reduce waste, and make more confident payment decisions moving forward.
By combining clinical, coding, regulatory, and payer-side expertise with technology designed to accelerate—not replace—judgment, Penstock delivers results that hold up under audit, appeal, and scrutiny. The outcome is not just dollars recovered, but smarter systems, stronger controls, and sustained cost reduction for health plans and the members they serve.
Focus Areas
Realigning Healthcare Incentives
Redefining Administrative Efficiency
Providing solutions for
What We Offer
Payment Integrity & Accuracy
We help health plans get payment accuracy right by going deeper than standard audits. Our human-led, tech-enabled approach uncovers complex overpayment patterns, identifies root causes, and delivers defensible recoveries that hold up under scrutiny, while generating insight that improves accuracy over time.
- Data Mining
- Chart Review
- Itemized Bill Review
- Upcoding Prevention Program
- New York State Health Care Reform Act (HCRA)
Awards & Recognition
Solutions By Penstock
We help health plans get payment accuracy right by going deeper than standard audits. Our human-led, tech-enabled approach uncovers complex overpayment patterns, identifies root causes, and delivers defensible recoveries that hold up under scrutiny, while generating insight that improves accuracy over time.
- Data Mining
- Chart Review
- Itemized Bill Review
- Upcoding Prevention Program
- New York State Health Care Reform Act (HCRA)
One-stop, self-service SaaS platform to get payment accuracy right from the start. Our technology powers the entire payment integrity audit workflow from data ingestion through reporting.
We’re raising the bar for benefits in the workplace. We’re freeing employers and their people from unaffordable healthcare—delivering refreshing experiences and rewarding self-funded plans at a lower cost.
- Targeted savings solutions for Rx & specialty medications
- Dozens of ways for employees to save on healthcare
- Enhanced member benefits & experience
- Average 25% less cost than comparable plans
- Dedicated benefits experts/health advocates
- Streamlined access to financial assistance
We’re raising the bar for benefits in the workplace. We’re freeing employers and their people from unaffordable healthcare—delivering refreshing experiences and rewarding self-funded plans at a lower cost.
- Targeted savings solutions for Rx & specialty medications
- Dozens of ways for employees to save on healthcare
- Enhanced member benefits & experience
- Average 25% less cost than comparable plans
- Dedicated benefits experts/health advocates
- Streamlined access to financial assistance
We’re raising the bar for benefits in the workplace. We’re freeing employers and their people from unaffordable healthcare—delivering refreshing experiences and rewarding self-funded plans at a lower cost.
- Targeted savings solutions for Rx & specialty medications
- Dozens of ways for employees to save on healthcare
- Enhanced member benefits & experience
- Average 25% less cost than comparable plans
- Dedicated benefits experts/health advocates
- Streamlined access to financial assistance
We’re raising the bar for benefits in the workplace. We’re freeing employers and their people from unaffordable healthcare—delivering refreshing experiences and rewarding self-funded plans at a lower cost.
- Targeted savings solutions for Rx & specialty medications
- Dozens of ways for employees to save on healthcare
- Enhanced member benefits & experience
- Average 25% less cost than comparable plans
- Dedicated benefits experts/health advocates
- Streamlined access to financial assistance
Featured Leadership
Steve Palma
President & General Manager | Penstock
Kim Lauranzon
General Manager | RemedyOne
Kim was the first official employee of RemedyOne and now, she’s leading the charge as the company’s General Manager. Here’s what her path to success looks like. Kim was the first official employee of RemedyOne and now, she’s leading the charge as the company’s General Manager. Here’s what her path to success looks like.
Case Studies
News and Events
Explore the latest news and events from our community of companies.
Penstock Ranks No. 353 on the 2025 Inc. 5000 List of America’s Fastest-Growing Private Companies
Goodroot Ranks Among Highest-Scoring Businesses on Inc. Magazine’s Annual List of Best Workplaces for 2024
AlignRx, Penstock Named Finalists for Best Places to Work in Western New York
Mike Waterbury Named to Power 25 Health Care List by Hartford Business Journal
Reinvent Healthcare with the Goodroot Team at the MAHP Annual Conference in Michigan
Goodroot’s Penstock Launches ClearFile for Successful QHP Certification, Names Joe Boyle President of Regulatory Solutions
Break up with the status quo
We’re igniting real change. From building and accelerating revolutionary healthcare businesses to delivering transformative tech and services to our clients, we’re raising the bar of what healthcare can be.
Ready to join us?
