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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. reported strong Q3 2022 results, with total revenue reaching $342.9 million, a 36.3% increase from the previous year. The company achieved a net income of $1.6 million, or $0.01 per share, compared to a net loss of $(9.1) million in Q3 2021. Key metrics include a 52.4% rise in practice collections and a 27.2% increase in implemented providers. Additionally, the company announced new partnerships with health systems in North Carolina and Ohio, aiming to enhance its market reach.
Privia Health (Nasdaq: PRVA) announces a strategic partnership with Novant Health Enterprises to establish Privia Medical Group – North Carolina. This venture aims to enhance support for independent providers and facilitate a transition to value-based care through a clinically integrated network (CIN) model. The partnership emphasizes the optimization of practice operations and improved patient care experiences using Privia's innovative platform. New providers will benefit from technology solutions that alleviate administrative burdens and enhance collaboration in patient care.
ARLINGTON, Va., Oct. 06, 2022 – Privia Health Group, Inc. (Nasdaq: PRVA) will release its financial results for the third quarter and nine months ending September 30, 2022, before market opening on November 10, 2022. The press release will be available by 7:00 am ET on the Company's Investor Relations website. Management will host a conference call at 8:30 am ET on the same day to discuss performance and future outlook. Investors can access the call via live webcast, with a replay available shortly after.
Privia Health Group, Inc. (Nasdaq: PRVA) will participate in a "fireside chat" Q&A session at the 2022 Global Healthcare Conference on September 13, 2022, at 9:05 AM ET. The event will feature the management team addressing key topics in healthcare. A live webcast, replay, and slide presentation will be accessible via their investor relations site. Privia Health is a tech-driven firm that enhances physician practices and patient experiences through cloud-based solutions, ensuring improved healthcare outcomes and cost efficiency.
Privia Health (Nasdaq: PRVA) and OhioHealth have announced a non-binding memorandum of understanding to establish a strategic partnership aimed at launching a medical group for independent providers in Ohio. This collaboration will enhance OhioHealth’s existing clinically integrated network (CIN) and offer an alternative for physicians wishing to maintain their independence. The anticipated new medical group will utilize Privia's technology platform to improve operational efficiency and support value-based care.
Privia Health Group, Inc. (Nasdaq: PRVA) announced its Accountable Care Organizations (ACOs) achieved $99.9 million in shared savings through the Medicare Shared Savings Program (MSSP) for 2021. With over 112,000 Medicare beneficiaries served, Privia's ACOs demonstrated 15% lower expenditures than the median MSSP ACO and 24% lower than total Fee for Service Medicare. Since 2014, they have accumulated over $740 million in shared savings. The technologies and care coordination efforts contributed to a quality score of 93%.
Privia Health Group (Nasdaq: PRVA) reported significant achievements from its Accountable Care Organizations (ACOs) in 2021, delivering shared savings of $99.9 million through the Medicare Shared Savings Program. Privia's ACOs provided care to over 112,000 Medicare beneficiaries, achieving total annual average expenditures 15% lower than the median MSSP ACO. They also accomplished a quality score level of 93% or higher across all ACOs. Since 2014, they have generated over $740 million in shared savings, indicating a strong commitment to high-quality, cost-effective healthcare.
Privia Health Group (Nasdaq: PRVA) reported strong financial results for Q2 2022, with total revenue of $335.5 million, up 48.6% from Q2 2021. The operating loss significantly improved to $5.3 million from $193.2 million year-over-year. The net loss was $10.5 million, or $(0.10) per share, compared to $(1.68) per share last year. Key metrics included a 67.6% increase in practice collections and a 36.6% rise in care margin. The company repaid all outstanding debt and updated its full-year 2022 guidance, reflecting ongoing growth and market momentum.
ARLINGTON, Va., July 13, 2022 – Privia Health Group (Nasdaq: PRVA) announced its second quarter and six-month financial results will be released on August 11, 2022, prior to market open. The press release will be available at 7:00 am ET on the Company's Investor Relations website. A conference call to discuss the results and future outlook will follow at 8:30 am ET on the same day. Interested participants can listen live or access an archived version of the webcast after the event.
Privia Health specializes in physician enablement through technology to enhance patient care and reduce healthcare costs.
Privia Health Group, Inc. (Nasdaq: PRVA) has received the 2022 MAP Award for High Performance in Revenue Cycle from the Healthcare Financial Management Association, marking the seventh consecutive year of recognition. This award acknowledges Privia's excellence in revenue cycle management and its adherence to industry standards, reflecting strong patient satisfaction and operational effectiveness. The award was presented on June 26 during the HFMA Annual Conference in Denver, CO. Privia’s commitment to operational excellence is underscored by its focus on financial health and meaningful value for provider partners.
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