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Privia Health Group Inc (OQ:PRVA)

Business Focus: Healthcare Facilities & Services

Sector:  Healthcare Industry:  Healthcare Facilities & Services
 
See Regulatory Filings on SEC
Company Contact
Address: 950 N. Glebe Rd., Suite 700
ARLINGTON VA 22203
Tel: N/A
Website: https://www.priviahealth.com
IR: See website
Key People
Parth Mehrotra
Chief Executive Officer, Director
David Mountcastle
Chief Financial Officer, Executive Vice President
Edward C. Fargis
Executive Vice President, General Counsel, Company Secretary
Business Overview
Privia Health Group, Inc. is a technology-driven, national physician-enablement company. The Company collaborates with medical groups, health plans and health systems. It enhances physician practices, improve patient experiences and doctors for delivering care in both in-person and virtual care settings. Its Privia Platform is powered by the Privia Technology Solution an end-to-end, cloud-based technology solution that integrates both Privia-developed and third-party applications into an interface and workflow that manages all aspects of its Privia Providers provision of healthcare services. Privia Platform optimizes provider workflow across the full continuum of reimbursement arrangements. The platform supports multiple provider types, enables scalable operations, and delivers patient centric in-person and virtual access to care, quality metrics, and lower cost of care. It provides management services to each Medical Group though a local management services organization.
Financial Overview
For the three months ended 31 March 2024, Privia Health Group Inc revenues increased 7% to $415.2M. Net income decreased 59% to $3M. Revenues reflect FFS-patient care segment increase of 21% to $274.8M, Shared savings segment increase of 8% to $47.5M. Net income was offset by Stock-based Compensation in S increase from $2.9M to $7.2M (expense), General and administrative - Balancing v increase of 8% to $24.9M (expense).