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]

Core Insights - Privia Health Group, Inc. reported strong financial results for the second quarter of 2025, with total revenue increasing by 23.4% year-over-year to $521.2 million, and gross profit rising by 14.8% to $112.8 million [2][4][6]. Financial Performance - Total revenue for the second quarter of 2025 was $521.2 million, compared to $422.3 million in the same period of 2024, reflecting a 23.4% increase [2]. - Gross profit for the second quarter of 2025 was $112.8 million, up from $98.3 million in 2024, marking a 14.8% increase [2]. - Operating income decreased by 34.6% to $3.3 million, while net income fell by 22.5% to $2.7 million [2][6]. - Non-GAAP adjusted net income increased by 30.1% to $30.6 million, with adjusted net income per share rising by 26.3% to $0.24 [2][6]. Key Operating Metrics - The number of implemented providers increased by 13.8% to 5,125, and value-based care attributed lives rose by 15.2% to 1,382,000 [2][4]. - Practice collections for the second quarter reached $862.9 million, an 18.5% increase compared to the previous year [2][4]. - Adjusted EBITDA for the second quarter was $29.0 million, reflecting a 31.6% increase from $22.0 million in 2024 [2][4]. Six-Month Performance - For the first half of 2025, total revenue was $1,001.3 million, up 19.5% from $837.6 million in the same period of 2024 [6]. - Gross profit for the first half was $216.4 million, a 12.9% increase from $191.6 million [6]. - Non-GAAP adjusted net income for the first half increased by 26.8% to $58.4 million [6]. Updated Guidance - Privia Health raised its full-year 2025 guidance for practice collections, GAAP revenue, platform contribution, and adjusted EBITDA, indicating strong growth expectations [8][9]. - The updated guidance includes expectations for implemented providers to reach 5,300 and attributed lives to reach 1,400,000 [8][9]. Cash Position - The company reported cash and cash equivalents of $390.1 million with no debt, following a $95 million deployment for an IMS transaction in Arizona [5][6].

Core Viewpoint - Privia Health Group, Inc. is set to release its financial results for the second quarter and six-month periods ending June 30, 2025, on August 7, 2025, before market open [1] Financial Results Announcement - The press release will be available at 7:00 am ET on August 7, 2025, on the Company's Investor Relations website [2] - A conference call will be hosted by Privia Health management at 8:00 am ET on the same day to discuss the financial results and future outlook [2][3] Company Overview - Privia Health is one of the largest physician enablement companies in the U.S., operating in 15 states and the District of Columbia [4] - The company builds scaled provider networks with a focus on primary-care centric medical groups and risk-bearing entities [4] - Privia collaborates with medical groups, health plans, and health systems to optimize over 1,200 physician practices, enhancing the patient experience for more than 5.2 million patients [4] - The company rewards over 4,800 physicians and advanced practitioners for delivering high-value care [4] Mission Statement - Privia's mission is to transform healthcare delivery to achieve better outcomes, lower costs, and improve community health and provider well-being [5]

Group 1 - Privia Health Group, Inc. appointed Lance V. Berberian to its Board of Directors, effective July 15, 2025, increasing the Board to 10 directors [1][2] - Berberian brings over 30 years of experience in technology strategy and digital transformation, having previously served as EVP and Chief Information and Technology Officer at Labcorp Holdings Inc. [2] - His expertise includes IT governance, infrastructure management, and cybersecurity, which is expected to support Privia Health's growth and development of provider networks across the U.S. [2] Group 2 - Privia Health is one of the largest physician enablement companies in the U.S., operating in 15 states and the District of Columbia [4] - The company optimizes over 1,200 physician practices, enhancing patient experiences for more than 5.2 million patients and rewarding over 4,800 physicians and advanced practitioners [4] - Privia's mission focuses on transforming healthcare delivery to achieve better outcomes, lower costs, and improve community health and provider well-being [5]

Core Insights - Privia Health Group, Inc. reported strong financial results for Q1 2025, with total revenue increasing by 15.6% to $480.1 million compared to $415.2 million in Q1 2024 [2][21] - The company achieved a significant increase in operating income, rising 534.0% to $5.2 million from $0.8 million year-over-year [2][21] - Privia Health raised its full-year 2025 guidance to the mid- to high end of its previous estimates across various metrics, indicating confidence in continued growth [5][8] Financial Performance - Total revenue for Q1 2025 was $480.1 million, up from $415.2 million in Q1 2024, reflecting a 15.6% increase [2] - Gross profit increased by 11.0% to $103.6 million from $93.4 million [2] - Net income rose by 41.4% to $4.2 million compared to $3.0 million in the same quarter last year [2] - Non-GAAP adjusted net income was $27.8 million, a 23.3% increase from $22.5 million [2] Key Operating Metrics - The number of implemented providers increased by 11.7% to 4,871 from 4,359 [4] - Value-based care attributed lives grew by 11.1% to 1,270,000 from 1,143,000 [4] - Practice collections reached $798.6 million, a 12.8% increase from $707.7 million [4] - Adjusted EBITDA for Q1 2025 was $26.9 million, up 35.1% from $19.9 million in Q1 2024 [4][6] Strategic Developments - Privia Health entered the Arizona market in partnership with Integrated Medical Services, which includes approximately 70 physicians and advanced practice providers [5][7] - The Arizona launch is expected to be profitable starting in Q4 2025, contributing to the company's growth strategy [5][7] Updated Guidance - Full-year 2025 guidance was raised to the mid- to high end of previous estimates for implemented providers, practice collections, and GAAP revenue [8] - The updated guidance includes expectations for minimal year-over-year increases in value-based shared savings accruals and assumes no other new business development activity [10]