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 Group, Inc. (Nasdaq: PRVA) reported strong FY 2022 results with total revenue reaching $1.36 billion, a 40.4% increase. Work from the fourth quarter showed total revenue of $364.4 million, up 32.4%. Notable achievements include a 49.1% growth in practice collections, totaling $2.42 billion for the year. The company launched new ACOs and entered Connecticut, Delaware, North Carolina, and Ohio, increasing attributed lives to 856,000. For FY 2023, guidance anticipates revenue growth of 14.3% to 21.6% with expected practice collections between $2.7 billion and $2.85 billion, indicating further robust expansion.
On February 17, 2023, Privia Health (Nasdaq: PRVA) announced a partnership with Community Medical Group (CMG) to create the Privia Quality Network of Connecticut (PQN CT), the largest Clinically Integrated Network in the state. The network includes around 1,100 multi-specialty providers, with over 430 primary care doctors across 450 locations, serving approximately 180,000 patients. Privia will be the majority owner of PQN CT, which contracts with payers including Medicare, covering around 29,000 beneficiaries in the Medicare Shared Savings Program for 2023.
CEO Shawn Morris emphasized that this partnership is a significant step toward establishing a national network of value-based care providers.
ARLINGTON, Va., Jan. 26, 2023 (GLOBE NEWSWIRE) -- Privia Health Group, Inc. (Nasdaq: PRVA) announced its upcoming financial results release for Q4 and the full year ended December 31, 2022. The results will be available before market open on February 28, 2023, with public dissemination scheduled for 7:00 am ET. Management will host a conference call at 8:30 am ET to discuss these results and future outlook. Interested parties can access the call through the company’s Investor Relations website, where the event will also be archived for on-demand listening.
Privia Health is recognized for its innovative, technology-driven approach to enhancing healthcare delivery and outcomes.
Privia Health Group (Nasdaq: PRVA) has expanded its reach by launching two new Accountable Care Organizations (ACOs) in Delaware and North Carolina, bringing its total ACOs to nine. This initiative, effective January 1, 2023, allows over 2,500 independent providers to serve more than 191,700 Medicare beneficiaries through the Medicare Shared Savings Program (MSSP). Privia’s ACOs have achieved notable success, having generated $99.9 million in shared savings in 2021, with overall savings exceeding $740 million since joining MSSP in 2014. The expansion reflects Privia's commitment to enhancing value-based care across the nation.
Privia Health Group, Inc. (Nasdaq: PRVA) has announced a partnership with Beebe Healthcare to establish the Privia Quality Network — Delaware (PQN – DE), marking its expansion into the 11th state. This Accountable Care Organization will participate in the 2023 Medicare Shared Savings Program (MSSP), managing approximately 12,400 patient lives through over 200 providers. This initiative is designed to enhance value-based care via a robust analytics platform, benefiting both patients and healthcare providers. Since 2014, Privia Quality Network has generated over $740 million in shared savings across various programs, including $380 million from MSSP.
ARLINGTON, Va., Jan. 03, 2023 (GLOBE NEWSWIRE) -- Privia Health Group plans to present at the 41st Annual J.P. Morgan Healthcare Conference on January 9, 2023, starting at 6:00 pm ET. The management team will engage in a Q&A session.
The live webcast and replay will be accessible along with a slide presentation on their investor relations page.
ARLINGTON, Va., Nov. 28, 2022 – Privia Health Group (Nasdaq: PRVA) will participate in a fireside chat Q&A session at the 34th Annual Piper Sandler Healthcare Conference on November 30, 2022, at 10:00 am ET. The live webcast and replay will be available on their investor relations page.
Privia Health is a technology-driven physician enablement company that partners with medical groups and health systems to enhance practice efficiency and patient care, focusing on high-value healthcare delivery.
Privia Health Group, Inc. (Nasdaq: PRVA) has announced the pricing of an underwritten public offering of 5,000,000 shares of common stock at $23.50 per share, with an option for underwriters to purchase an additional 750,000 shares. The offering is set to close on November 21, 2022. Notably, the company will not receive any proceeds from this secondary offering. Goldman Sachs & Co. LLC leads the underwriting team, which includes Credit Suisse, Jefferies, and others. The offering is detailed in a prospectus filed with the SEC.
Privia Health Group, Inc. (Nasdaq: PRVA) announced a public offering of 5,000,000 shares of common stock by certain selling stockholders, with an option for underwriters to buy an additional 750,000 shares. The Company will not receive any proceeds from this offering, as costs will be borne by the selling stockholders. Goldman Sachs is leading the offering, which is under an already effective shelf registration statement filed with the SEC. Forward-looking statements highlight uncertainties surrounding the completion of the offering.
Privia Health Group, Inc. (Nasdaq: PRVA) announced the resignation of Jeff Butler from its Board of Directors and Compliance Committee, effective immediately. Butler, a co-founder, stated his decision stems from confidence in the company's strength after 15 years. CEO Shawn Morris expressed gratitude for Butler's dedication and service. Privia Health is a technology-driven physician enablement company focused on optimizing healthcare delivery and improving patient experiences through innovative solutions.
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