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Privia Health (PRVA) - 2024 Q3 - Earnings Call Presentation
2024-11-08 03:16
PRIVI 1 3 rd Quarter 2024 Results November 7, 2024 Parth Mehrotra – Chief Executive Officer David Mountcastle – Chief Financial Officer Disclaimer Forward-Looking Statements This presentation contains forward-looking statements that express the Company's opinions, expectations, beliefs, plans, objectives, assumptions or projections regarding future events or future results that include, but are not limited to: 2024 financial guidance and other projections and forecasts. These forward-looking statements invo ...
Compared to Estimates, Privia Health (PRVA) Q3 Earnings: A Look at Key Metrics
ZACKS· 2024-11-07 15:35
Core Insights - Privia Health reported revenue of $437.92 million for the quarter ended September 2024, reflecting a 5% increase year-over-year and a surprise of +5.67% over the Zacks Consensus Estimate of $414.44 million [1] - The company's EPS was $0.03, down from $0.05 in the same quarter last year, resulting in an EPS surprise of -50.00% compared to the consensus estimate of $0.06 [1] Financial Performance Metrics - Practice Collections reached $739.90 million, exceeding the average estimate of $716.69 million from eight analysts [3] - Care Margin was reported at $101.40 million, slightly above the average estimate of $99.80 million based on seven analysts [3] - Platform Contribution amounted to $50.30 million, surpassing the average estimate of $47.22 million from seven analysts [3] - Implemented Providers totaled 4,642, compared to the average estimate of 4,607 from three analysts [3] - Attributed Lives stood at 1.25 million, exceeding the average estimate of 1.18 million from three analysts [3] Stock Performance - Privia Health's shares have returned +25.8% over the past month, significantly outperforming the Zacks S&P 500 composite's +3.2% change [4] - The stock currently holds a Zacks Rank 3 (Hold), indicating potential performance in line with the broader market in the near term [4]
Privia Health (PRVA) Misses Q3 Earnings Estimates
ZACKS· 2024-11-07 13:15
Privia Health (PRVA) came out with quarterly earnings of $0.03 per share, missing the Zacks Consensus Estimate of $0.06 per share. This compares to earnings of $0.05 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -50%. A quarter ago, it was expected that this physician practice management company would post earnings of $0.05 per share when it actually produced earnings of $0.03, delivering a surprise of -40%.Over the last fou ...
Privia Health Reports Third Quarter 2024 Financial Results
GlobeNewswire News Room· 2024-11-07 11:00
Strong Execution Across All Business and Financial MetricsRaised Full-Year 2024 Guidance to At or Above the High End for All MetricsAnnounced New Market Entry in Indiana Achieved MSSP 2023 Shared Saving of $176.6 Million, +34.1% versus 2023Strong Adjusted EBITDA Growth and Free Cash Flow Generation ARLINGTON, Va., Nov. 07, 2024 (GLOBE NEWSWIRE) -- Privia Health Group, Inc. (Nasdaq: PRVA) today announced financial results for the third quarter and nine months ended September 30, 2024. Third Quarter Performan ...
Privia Health Reports 2023 Performance Results in the Medicare Shared Savings Program
GlobeNewswire News Room· 2024-10-29 21:04
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 $176.6 million through the Medicare Shared Savings Program (MSSP) for the 2023 performance year, a 34.1% increase from 2022. The 10 ACOs (collectively, Privia Quality Network or PQN) managed over $2.3 billion in healthcare benchmark spend through approximately 2,850 providers delivering high-value, cost-efficient care to 194,786 ...
Here's What Key Metrics Tell Us About Privia Health (PRVA) Q2 Earnings
ZACKS· 2024-08-08 14:35
Privia Health (PRVA) reported $422.33 million in revenue for the quarter ended June 2024, representing a yearover-year increase of 2.2%. EPS of $0.03 for the same period compares to $0.06 a year ago. The reported revenue compares to the Zacks Consensus Estimate of $412.43 million, representing a surprise of +2.40%. The company delivered an EPS surprise of -40.00%, with the consensus EPS estimate being $0.05. While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- ...
Privia Health (PRVA) Lags Q2 Earnings Estimates
ZACKS· 2024-08-08 12:11
Privia Health (PRVA) came out with quarterly earnings of $0.03 per share, missing the Zacks Consensus Estimate of $0.05 per share. This compares to earnings of $0.06 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -40%. A quarter ago, it was expected that this physician practice management company would post earnings of $0.05 per share when it actually produced earnings of $0.02, delivering a surprise of -60%. Over the last f ...
Privia Receives HFMA's MAP Award for High Performance in Revenue Cycle for Performance Year 2023
Newsfilter· 2024-06-25 13:00
Core Insights - Privia Health Group, Inc. has been awarded the 2024 MAP Award for High Performance in Revenue Cycle by the Healthcare Financial Management Association (HFMA) [1][2] - This recognition highlights Privia's consistent performance in revenue cycle management, achieving industry-standard benchmarks and high patient satisfaction over eight of the last nine years [2][3] - The award was presented during the HFMA Annual Conference in Las Vegas, NV, on June 24, 2024 [2] Company Overview - Privia Health is a technology-driven national physician enablement company that collaborates with medical groups, health plans, and health systems [4] - The company's platform focuses on optimizing physician practices, enhancing patient experiences, and rewarding high-value care delivery in both in-person and virtual settings [4] - Privia's operations are supported by cloud-based technology aimed at reducing healthcare costs, improving outcomes, and enhancing the well-being of both patients and providers [4]
Privia Health to Participate in the William Blair Growth Stock Conference
Newsfilter· 2024-05-30 13:26
Contact Robert Borchert SVP, Investor & Corporate Communications IR@priviahealth.com 817.783.4841 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. Privia Health's platform is led by top industry talent and exceptional physician leadership, ...
Privia Health to Participate in the William Blair Growth Stock Conference
GlobeNewswire News Room· 2024-05-30 13:26
Company Overview - Privia Health Group, Inc. is a technology-driven national physician enablement company that collaborates with medical groups, health plans, and health systems to optimize physician practices and improve patient experiences [2] - The company's platform is designed to reduce unnecessary healthcare costs, achieve better outcomes, and enhance the health of patients and the well-being of providers through scalable operations and cloud-based technology [2] Upcoming Event - The management team of Privia Health plans to present at the 44th Annual William Blair Growth Stock Conference on June 5, 2024, at 11:00 am ET [1] - A live webcast and replay of the event will be available on the company's investor relations website [1]