Welcome to our dedicated page for Privia Health Group news (Ticker: PRVA), a resource for investors and traders seeking the latest updates and insights on Privia Health Group stock.
Privia Health Group, Inc. (symbol: PRVA) is a leading technology-driven national physician enablement company. The organization collaborates with medical groups, health plans, and health systems to optimize physician practices, enhance patient experiences, and reward doctors for delivering high-value care both in-person and through virtual platforms. Privia Health focuses on transforming healthcare from a 'sick care' model to a 'well care' model by using innovative technologies and scalable operations.
The company's recent achievements include a significant partnership with Navina, an AI-powered primary care platform. This collaboration aims to equip Privia Health's extensive network of over 3,800 providers and more than 1,000 practice locations by integrating advanced AI technology to improve workflows, patient care, and value-based initiatives. With the help of Navina's clinical intelligence, physicians can better assess patients' health, make informed clinical decisions, and reduce administrative burdens.
Privia Health is recognized for its end-to-end, cloud-based technology platform that reduces unnecessary healthcare costs and achieves better outcomes for patients and providers. The platform is led by top industry talent and exceptional physician leadership, ensuring high-quality healthcare experiences. The company's financial condition remains strong, with net cash provided by operating activities significantly increased to $80.8 million in 2023, a 71.2% rise from the previous year.
The company's culture is defined by passion, curiosity, and a commitment to making a tangible difference in healthcare. Privia Health looks for individuals who are resourceful, hardworking, and driven to challenge the status quo. This ethos is reflected in the company's comprehensive approach to healthcare, striving to create positive, long-lasting impacts on the communities it serves.
For more information, visit priviahealth.com.
Privia Health (NASDAQ: PRVA) reported strong Q3 2024 financial results with total revenue increasing 4.9% to $437.9 million. The company showed significant growth across key metrics, with Adjusted EBITDA rising 25.8% to $23.6 million. Implemented providers grew 13.1% to 4,642, while value-based care attributed lives increased 14.0% to 1.247 million. The company's ACOs achieved $176.6 million in MSSP shared savings, up 34.1% from 2022. Privia maintains a strong financial position with $422.0 million in cash and no debt. Based on performance, the company raised its full-year 2024 guidance to at or above the high end for all metrics.
Privia Health Group (Nasdaq: PRVA) announced that its Accountable Care Organizations (ACOs) achieved $176.6 million in shared savings through the Medicare Shared Savings Program (MSSP) for 2023, a 34.1% increase from 2022. The company's 10 ACOs managed over $2.3 billion in healthcare benchmark spend through approximately 2,850 providers serving 194,786 Medicare beneficiaries. Notable achievements include a 7.6% aggregate savings rate, beneficiary expenditures 8% lower than median ACO, and emergency department visits 16% lower than median ACO. Since 2014, Privia Quality Network has delivered total shared savings of over $1.2 billion across various programs.
Privia Health Group, Inc. (Nasdaq: PRVA) has announced its plan to release financial results for the third quarter and nine-month periods ended September 30, 2024. The release is scheduled for Thursday, November 7, 2024, before market open, with the press release expected to be disseminated by 7:00 am ET. The financial results will also be available on the company's Investor Relations website.
Following the release, Privia Health management will host a conference call at 8:00 am ET on November 7 to discuss the results and provide insights on future financial and operational performance. Investors and interested parties can participate in the call via live webcast or by dialing in. The webcast will be archived for on-demand listening after the call.
Privia Health Group (Nasdaq: PRVA) reported strong Q2 2024 financial results, with notable growth across key metrics. Total revenue increased 2.2% to $422.3 million, while gross profit rose 8.9% to $98.3 million. The company saw a 16.4% increase in implemented providers to 4,504 and a 10.7% growth in value-based care attributed lives to 1.2 million. Adjusted EBITDA grew 14% to $22 million, and non-GAAP adjusted net income increased 13% to $23.5 million.
Based on strong performance, Privia Health raised its full-year 2024 guidance to the mid to high end for all metrics. The company maintains a robust financial position with $387.4 million in cash and no debt. These results demonstrate Privia Health's continued execution and growth in the healthcare sector.
Privia Health Group (Nasdaq: PRVA) will release its financial results for Q2 and the six-month period ending June 30, 2024, on August 8, 2024, before market open. The press release will be available on the company's Investor Relations website, expected by 7:00 am ET. Management will host a conference call at 8:00 am ET the same day to discuss the results and future outlook. The call will be accessible via live webcast and archived for replay on the Investor Relations site. Dial 800-715-9871 (646-307-1963 for international) with Conference ID 2580381 to join the live call.
Privia Health Group announced that Privia Medical Group received the 2024 MAP Award for High Performance in Revenue Cycle from the Healthcare Financial Management Association (HFMA). This marks the eighth recognition in nine years for the group, highlighting its robust revenue cycle capabilities and adherence to industry standards. The award was presented on June 24 at the HFMA Annual Conference in Las Vegas. Privia's success is attributed to its implementation of HFMA's Healthcare Dollars & Sense® initiatives, which focus on patient-centered best practices and benchmarks. The achievement underscores the dedication of Privia's physicians and staff to operational excellence and patient satisfaction.
On May 30, 2024, Privia Health Group (Nasdaq: PRVA) announced its participation in the 44th Annual William Blair Growth Stock Conference.
The presentation by the management team is scheduled for June 5, 2024, at 11:00 am ET / 10:00 am CT.
The live webcast and replay will be accessible on Privia Health's investor relations website.
Privia Health Group, Inc. (Nasdaq: PRVA) reported a 7.5% increase in total revenue, with gross profit up by 12.5% and non-GAAP adjusted net income rising by 16.6% in the first quarter of 2024. The company also saw an increase of 17.3% in implemented providers and reiterated its full-year 2024 guidance.
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