Privia Health Group, Inc. Stock Price, News & Analysis

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.

ARLINGTON, Va., June 1, 2022 (GLOBE NEWSWIRE) -- Privia Health Group (Nasdaq: PRVA) announced its management's participation in upcoming investor conferences. The events include a fireside chat on Tuesday, June 7 at 11:00 am ET during the William Blair Growth Stock Conference, and on Thursday, June 9 at 9:30 am ET at the Jefferies Healthcare Conference. Live webcasts and replays of these sessions will be available online. Privia Health is a technology-driven physician enablement company focused on optimizing practices and improving patient experiences.

Privia Health Group, Inc. (NASDAQ: PRVA) reported a strong Q1 2022 with total revenue reaching $313.8 million, up 46.9% from the previous year. However, the company faced an operating loss of $11.5 million and a net loss of $17.5 million, significantly worse than the prior year's net income of $5.4 million. The adjusted net income was $14.8 million, reflecting a 61.3% increase year-over-year. Key metrics like Practice Collections surged 63.3%, and the company updated its 2022 financial guidance, indicating robust growth prospects.