Privia Health Reports 2023 Performance Results in the Medicare Shared Savings Program
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 (Nasdaq: PRVA) ha annunciato che le sue Organizzazioni di Assistenza Responsabile (ACO) hanno raggiunto 176,6 milioni di dollari in risparmi condivisi attraverso il Programma di Risparmi Condivisi Medicare (MSSP) per il 2023, con un incremento del 34,1% rispetto al 2022. Le 10 ACO dell'azienda hanno gestito oltre 2,3 miliardi di dollari in spesa sanitaria di riferimento tramite circa 2.850 fornitori al servizio di 194.786 beneficiari di Medicare. Tra i risultati notevoli figurano un tasso di risparmio aggregato del 7,6%, spese per i beneficiari inferiori dell'8% rispetto alla media delle ACO, e visite al pronto soccorso inferiori del 16% rispetto alla media delle ACO. Dal 2014, Privia Quality Network ha generato risparmi condivisi totali superiori a 1,2 miliardi di dollari attraverso vari programmi.
Privia Health Group (Nasdaq: PRVA) anunció que sus Organizaciones de Atención Responsable (ACO) lograron 176,6 millones de dólares en ahorros compartidos a través del Programa de Ahorros Compartidos de Medicare (MSSP) para 2023, un aumento del 34,1% con respecto a 2022. Las 10 ACO de la empresa gestionaron más de 2,3 mil millones de dólares en gasto de atención médica de referencia a través de aproximadamente 2.850 proveedores que atienden a 194.786 beneficiarios de Medicare. Los logros notables incluyen una tasa de ahorro agregada del 7,6%, gastos de los beneficiarios un 8% más bajos que la ACO media, y visitas al departamento de emergencias un 16% más bajas que la ACO media. Desde 2014, Privia Quality Network ha generado un total de ahorros compartidos de más de 1,2 mil millones de dólares a través de varios programas.
프리비아 헬스 그룹 (Nasdaq: PRVA)는 자사의 책임 의료 조직(ACO)이 2023년 메디케어 공유 저축 프로그램(MSSP)을 통해 1억 7,660만 달러의 공유 저축을 달성했다고 발표했습니다. 이는 2022년 대비 34.1% 증가한 수치입니다. 회사의 10개 ACO는 약 2,850명의 제공자를 통해 194,786명의 메디케어 수혜자를 돕는 가운데 23억 달러 이상의 의료 지출을 관리했습니다. 주요 성과로는 7.6%의 총 저축률, 평균 ACO에 비해 수혜자 지출이 8% 낮고, 평균 ACO에 비해 응급실 방문이 16% 낮은 점이 있습니다. 2014년 이후, 프리비아 퀄리티 네트워크는 다양한 프로그램을 통해 총 12억 달러 이상의 공유 저축을 달성했습니다.
Privia Health Group (Nasdaq: PRVA) a annoncé que ses Organisations de Soins Responsables (ACO) ont obtenu 176,6 millions de dollars d’économies partagées grâce au Programme d'Économies Partagées Medicare (MSSP) pour 2023, soit une augmentation de 34,1 % par rapport à 2022. Les 10 ACO de l’entreprise ont géré plus de 2,3 milliards de dollars de frais de santé de référence via environ 2 850 prestataires au service de 194 786 bénéficiaires de Medicare. Parmi les résultats notables figurent un taux d'économies agrégé de 7,6 %, des dépenses des bénéficiaires inférieures de 8 % à la médiane des ACO, et des visites aux urgences inférieures de 16 % à la médiane des ACO. Depuis 2014, le Privia Quality Network a généré des économies partagées totales de plus de 1,2 milliard de dollars à travers divers programmes.
Privia Health Group (Nasdaq: PRVA) gab bekannt, dass ihre Verantwortlichen Gesundheitsorganisationen (ACO) im Rahmen des Medicare Shared Savings Program (MSSP) für 2023 176,6 Millionen Dollar an gemeinsamen Einsparungen erzielt haben, was einem Anstieg von 34,1% gegenüber 2022 entspricht. Die 10 ACOs des Unternehmens verwalteten über 2,3 Milliarden Dollar an benchmarkbezogenen Gesundheitsausgaben durch etwa 2.850 Anbieter, die 194.786 Medicare-Begünstigte betreuen. Zu den bemerkenswerten Erfolgen gehören eine aggregierte Einsparungsrate von 7,6%, Ausgaben der Begünstigten, die 8% unter dem Median der ACO liegen, und Notaufnahmebesuche, die 16% unter dem Median der ACO liegen. Seit 2014 hat das Privia Quality Network insgesamt über 1,2 Milliarden Dollar an gemeinsamen Einsparungen aus verschiedenen Programmen erzielt.
- 34.1% increase in shared savings from 2022 to $176.6 million
- 9 out of 10 ACOs achieved savings
- 7.6% aggregate savings rate across ACOs
- 10.6% savings rate in Mid-Atlantic ACO, highest among ACOs with >40,000 attributed lives
- Beneficiary expenditures 21% below fee-for-service Medicare
- Inpatient facility spend 27% lower than fee-for-service Medicare
- Emergency department visits 25% below fee-for-service Medicare
- Delaware ACO exit at the end of 2023
Insights
The
Key performance metrics reveal significant cost advantages:
The operational metrics reveal exceptional healthcare delivery efficiency across multiple dimensions. Managing
Successfully achieving savings in 9 out of 10 ACOs shows systematic excellence rather than isolated success. The strategic decision to exit the Delaware ACO reflects prudent portfolio management. With 1.2 million attributed lives across various programs, Privia demonstrates strong operational capabilities in managing diverse payment models and scaling its platform effectively.
ARLINGTON, Va., Oct. 29, 2024 (GLOBE NEWSWIRE) -- Privia Health Group, Inc. (Nasdaq: PRVA) today announced that its Accountable Care Organizations (ACOs) achieved shared savings of
“The success of Privia Quality Network in MSSP is a testament to the dedication and skill of our doctors, who provided exceptional care to nearly 195,000 patients. Their commitment to delivering high-value, cost-effective care has allowed us to achieve significant savings while improving patient outcomes,” said Chief Clinical Officer, Dr. Keith Fernandez. “At Privia, we are transforming healthcare by enhancing the patient experience, empowering physicians, and driving better outcomes. We are proud of the work that our doctors do, and we are committed to continuing to provide the best possible care to our patients.”
Privia Quality Network’s MSSP performance highlights for 2023:
- Achieved savings by 9 out of 10 ACOs
- Delivered an aggregate savings rate of
7.6% , or8.2% excluding the Delaware ACO Privia exited at the end of 2023 - Achieved the highest savings rate (
10.6% ) in its Mid-Atlantic ACO compared with all ACOs with more than 40,000 attributed lives participating in the MSSP - Achieved beneficiary expenditures
8% lower than median ACO and21% below fee-for-service Medicare - Delivered inpatient facility spend
14% lower than median ACO and27% lower than fee-for-service Medicare - Achieved outpatient facility spend
18% lower than median ACO and33% lower than fee-for-service Medicare - Realized emergency department visits
16% lower than median ACO and25% below fee-for-service Medicare
Privia Quality Network supports physician practices and 1.2 million patient attributed lives in MSSP, Medicare Advantage, Commercial, and Medicaid arrangements. Since 2014, PQN has delivered total shared savings across these programs of over
About Privia Health
Privia Health™ is a technology-driven, national physician enablement company that collaborates with medical groups, health plans, and health systems to optimize physician practices, improve patient experiences, and reward doctors for delivering high-value care in both in-person and virtual settings. The Privia Platform is led by top industry talent and exceptional physician leadership, and consists of scalable operations and end-to-end, cloud-based technology that reduces unnecessary healthcare costs, achieves better outcomes, and improves the health of patients and the well-being of providers. For more information, visit priviahealth.com.
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Contact
Robert Borchert
SVP, Investor & Corporate Communications
IR@priviahealth.com
817.783.4841
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