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
Privia Health (Nasdaq: PRVA) has announced exceptional performance in the 2024 Medicare Shared Savings Program, achieving $233.1 million in shared savings, marking a significant 32% increase from 2023. The company's nine Accountable Care Organizations managed $2.5 billion in healthcare benchmark spend through approximately 3,280 providers, serving 194,700 Medicare beneficiaries.
The company's Mid-Atlantic ACO achieved the highest savings rate (10.6%) among ACOs with over 40,000 attributed lives. Notable achievements include beneficiary expenditures 8% lower than median ACO and an impressive aggregate quality score of 89%. Following these strong results, Privia Health has increased its 2025 Adjusted EBITDA guidance to $113-116 million.
Privia Health (Nasdaq: PRVA) ha comunicato risultati eccezionali nel Medicare Shared Savings Program 2024, conseguendo $233,1 milioni di risparmi condivisi, con un incremento significativo del 32% rispetto al 2023. Le sue nove Accountable Care Organizations hanno gestito un benchmark di spesa sanitaria di $2,5 miliardi tramite circa 3.280 fornitori, assistendo 194.700 beneficiari Medicare.
L'ACO Mid-Atlantic dell'azienda ha ottenuto il più alto tasso di risparmio (10,6%) tra le ACO con oltre 40.000 vite attribuite. Tra i risultati di rilievo: la spesa per beneficiario è stata 8% inferiore rispetto alla mediana delle ACO e l'ACO ha raggiunto un notevole punteggio di qualità aggregato dell'89%. A seguito di questi risultati, Privia Health ha rialzato la guidance per l'EBITDA rettificato 2025 a $113-116 milioni.
Privia Health (Nasdaq: PRVA) ha anunciado un desempeño excepcional en el Medicare Shared Savings Program 2024, logrando $233.1 millones en ahorros compartidos, un aumento significativo del 32% respecto a 2023. Las nueve Accountable Care Organizations de la compañía gestionaron un gasto de referencia sanitario de $2.5 mil millones a través de aproximadamente 3.280 proveedores, atendiendo a 194.700 beneficiarios de Medicare.
El ACO Mid-Atlantic de la compañía alcanzó la tasa de ahorro más alta (10.6%) entre los ACO con más de 40.000 vidas atribuidas. Logros destacados incluyen gastos por beneficiario 8% por debajo de la mediana de ACO y un impresionante puntaje de calidad agregado del 89%. Tras estos sólidos resultados, Privia Health elevó su previsión de EBITDA ajustado para 2025 a $113-116 millones.
Privia Health (Nasdaq: PRVA)는 2024년 Medicare Shared Savings Program에서 탁월한 성과를 발표하며 $2억3,310만 달러의 공유 절감액을 달성해 2023년 대비 32% 증가한 실적을 기록했습니다. 회사의 9개 Accountable Care Organization은 약 3,280명의 제공자를 통해 $25억 규모의 의료비 벤치마크 지출을 관리하며 194,700명의 Medicare 수혜자를 지원했습니다.
회사 소속 Mid-Atlantic ACO는 40,000명 이상 귀속 인구를 보유한 ACO 중 가장 높은 절감률(10.6%)을 기록했습니다. 주요 성과로는 수혜자 1인당 지출이 ACO 중앙값보다 8% 낮음, 그리고 총체적 품질 점수 89%를 달성한 점이 있습니다. 이러한 강력한 실적을 바탕으로 Privia Health는 2025년 조정 EBITDA 가이던스를 $113-116백만 달러로 상향 조정했습니다.
Privia Health (Nasdaq: PRVA) a annoncé des performances remarquables dans le Medicare Shared Savings Program 2024, atteignant 233,1 millions de dollars d'économies partagées, soit une hausse significative de 32% par rapport à 2023. Les neuf Accountable Care Organizations de la société ont géré un budget de référence santé de 2,5 milliards de dollars via environ 3 280 prestataires, au service de 194 700 bénéficiaires Medicare.
L'ACO Mid-Atlantic de l'entreprise a obtenu le taux d'économies le plus élevé (10,6%) parmi les ACO regroupant plus de 40 000 personnes attribuées. Parmi les faits marquants : des dépenses par bénéficiaire 8% inférieures à la médiane des ACO et un score de qualité agrégé de 89%. À la suite de ces solides résultats, Privia Health a relevé ses prévisions d'EBITDA ajusté pour 2025 à 113–116 millions de dollars.
Privia Health (Nasdaq: PRVA) meldet herausragende Ergebnisse im Medicare Shared Savings Program 2024 und erzielte $233,1 Millionen an geteilten Einsparungen, was einem deutlichen Anstieg von 32% gegenüber 2023 entspricht. Die neun Accountable Care Organizations des Unternehmens verwalteten über etwa 3.280 Leistungserbringer ein Healthcare-Benchmark-Ausgabenvolumen von $2,5 Milliarden und betreuten 194.700 Medicare-Begünstigte.
Das Mid-Atlantic-ACO des Unternehmens erzielte die höchste Einsparungsquote (10,6%) unter ACOs mit mehr als 40.000 zugeordneten Personen. Bemerkenswerte Ergebnisse sind Ausgaben pro Begünstigtem, die 8% unter dem ACO-Median lagen, sowie ein beeindruckender aggregierter Qualitätswert von 89%. Aufgrund dieser starken Ergebnisse hat Privia Health seine Prognose für das bereinigte EBITDA 2025 auf $113–116 Millionen nach oben korrigiert.
- Achieved $233.1 million in shared savings, a 32% year-over-year increase
- Mid-Atlantic ACO achieved highest savings rate (10.6%) among large ACOs
- Delivered beneficiary expenditures 8% lower than median ACO and 22% below fee-for-service Medicare
- Achieved 89% aggregate quality score
- Increased 2025 Adjusted EBITDA guidance to $113-116 million
- Three ACOs achieved >50% year-over-year growth in earned savings per patient
- None.
Insights
Privia Health's ACOs delivered exceptional Medicare savings, demonstrating operational excellence and prompting increased EBITDA guidance for 2025.
Privia Health's ACOs have achieved
The company's physician-led model is delivering exceptional cost management metrics compared to both median ACOs and traditional fee-for-service Medicare. Their
What's particularly notable is Privia's ability to control high-cost utilization, with inpatient facility spend
The financial impact is substantial enough to warrant an upward revision of 2025 Adjusted EBITDA guidance to
Privia's cumulative
– Mid-Atlantic ACO Realized Highest Savings Rate of All ACOs with 40,000+ Attributed Lives
– Company Increases Adjusted EBITDA Guidance for Full-Year 2025
ARLINGTON, Va., Aug. 28, 2025 (GLOBE NEWSWIRE) -- Privia Health Group, Inc. (Nasdaq: PRVA) today announced that its Accountable Care Organizations (ACOs) achieved shared savings of
"Our strong performance in the 2024 Medicare Shared Savings Program underscores the effectiveness of our physician-led approach," stated Dr. Bartley Bryt, Chief Medical Officer. "By putting physicians in the driver’s seat and equipping them with essential tools and technology, we are effectively managing the total cost of care, leading to improved outcomes for nearly 195,000 Medicare beneficiaries and significant shared savings."
Dr. Bryt further elaborated, "This success also highlights the value of data-driven tools and strategic tactics for our physician partners. Empowering doctors and aligning incentives creates a win-win-win situation: better results for patients, the healthcare system, and the physicians providing care in our communities."
Privia Quality Network’s MSSP performance highlights for 2024:
- Earned savings for all nine ACOs and delivered an aggregate savings rate of
9.3% - Its Mid-Atlantic ACO realized the highest savings rate (
10.6% ) compared with all ACOs with more than 40,000 attributed lives participating in the MSSP - Achieved beneficiary expenditures
8% lower than median ACO and22% below fee-for-service Medicare - Delivered inpatient facility spend
13% lower than median ACO and28% lower than fee-for-service Medicare - Achieved outpatient facility spend
23% lower than median ACO and35% lower than fee-for-service Medicare - Realized emergency department visits
17% lower than median ACO and25% below fee-for-service Medicare - Achieved an aggregate quality score of
89% - Three out of nine ACOs had greater than
50% year-over-year growth in earned savings per patient
Privia Quality Network supports physician practices and more than 1.38 million attributed lives in CMS Medicare programs, Medicare Advantage, Commercial, and Medicaid arrangements. Since 2014, PQN has delivered total shared savings across these programs of over
Financial Guidance Update
Based on Privia's 2024 MSSP results, management has preliminarily increased its Adjusted EBITDA guidance for full-year 2025 to a range of
About Privia Health
Privia Health™ is one of the largest physician enablement companies in the United States with a presence in 15 states and the District of Columbia. Privia builds scaled provider networks with primary-care centric medical groups, risk-bearing entities, a physician-led governance structure, and the Privia Platform comprising an extensive suite of technology and service solutions. Privia collaborates with medical groups, health plans and health systems to optimize 1,300+ practice locations, improve the patient experience for 5.3+ million patients, and reward 5,100+ physicians and advanced practitioners for delivering high-value care.
Privia’s mission is to transform healthcare delivery to achieve better outcomes, lower costs, and improve the health of communities and the well-being of providers. For more information, visit priviahealth.com.
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Factors related to these risks and uncertainties include, but are not limited to: the heavily regulated industry in which we operate, and any failure by us or our medical groups to comply with the extensive applicable healthcare laws and government regulations; the complexity of the legal framework governing our relationships with Medical Groups, some of which we do not own, and Privia providers, and the impact of legal challenges or shifting interpretations of applicable laws; the execution of our growth strategy, which may not prove viable and we may not realize expected results; difficulties timely implementing our proprietary end-to-end, cloud-based technology solution for Privia physicians and new medical groups; the high level of competition in our industry; challenges in successfully establishing a presence in new geographic markets; the impact of failures by or service disruptions at key third-party vendors, such as our primary electronic medical record vendor, athenahealth, Inc.; potential decreases in reimbursement rates by governmental and third-party payers, changes to payment terms or challenges negotiating and retaining favorable contracts with private third-party payers, and changes impacting our patient population; the financial and operational impact of our compliance with various complex and changing federal and state privacy and security laws and regulations related to our use, disclosure, and other processing of personal information and protected health information, including the Health Insurance Portability and Accountability Act of 1996; the impact of actual and potential security threats, cybersecurity incidents or privacy or other forms of data breaches involving us, our vendors or other third parties; the continued availability of qualified workforce, including staff at our medical groups, and the continued upward pressure on compensation for such workforce; and other risk factors described in our Annual Report on Form 10-K for the year ended December 31, 2024 and the Company’s subsequent Quarterly Reports on Form 10-Q. All information in this press release is as of the date of the release, and the Company undertakes no duty to update this information unless required by law.
| Contact: |
| Robert Borchert |
| SVP, Investor & Corporate Communications |
| IR@priviahealth.com |
| 817.783.4841 |
FAQ
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