Privia Health ACOs Delivered $233+ Million in Total Savings in the 2024 Performance Year of Medicare Shared Savings Program, a 32% Year-over-Year Increase

Core Insights - Privia Health Group, Inc. announced that its Accountable Care Organizations (ACOs) achieved shared savings of $233.1 million for the 2024 performance year, marking a 32% increase from 2023 [1][2] - The company has increased its Adjusted EBITDA guidance for full-year 2025 to a range of $113 to $116 million based on the strong performance in the Medicare Shared Savings Program [4] Performance Highlights - The nine ACOs managed by Privia Quality Network (PQN) oversaw over $2.5 billion in healthcare benchmark spending, serving approximately 194,700 Medicare beneficiaries in 2024 [1][3] - PQN's ACOs delivered an aggregate savings rate of 9.3%, with the Mid-Atlantic ACO achieving the highest savings rate of 10.6% among ACOs with over 40,000 attributed lives [6] - Beneficiary expenditures were 8% lower than the median ACO and 22% below fee-for-service Medicare, while inpatient facility spend was 13% lower than the median ACO and 28% lower than fee-for-service Medicare [6] Strategic Approach - The company's physician-led approach emphasizes equipping physicians with essential tools and technology to manage total care costs effectively, leading to improved outcomes for nearly 195,000 Medicare beneficiaries [2] - Data-driven tools and strategic tactics empower physician partners, creating a beneficial situation for patients, the healthcare system, and the physicians [2] Historical Performance - Since 2014, PQN has delivered total shared savings exceeding $1.5 billion across various programs, including $922 million through the Medicare Shared Savings Program [3]