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Sep 30, 2022
Privia Health Q3 2022 Earnings Report
Reported strong year-to-date performance and business momentum.
Key Takeaways
Privia Health reported a strong third quarter with significant growth in implemented providers, practice collections, and care margin. The company also announced new market entries with health systems in North Carolina and Ohio, expanding its reach and opportunities for future growth.
Implemented Providers increased by 27.2% compared to Q3 2021.
Practice Collections grew by 52.4% compared to Q3 2021.
Achieved approximately $100 million in shared savings through the Medicare Shared Savings Program in 2021.
Announced new market entries with health systems in North Carolina and Ohio.
Privia Health
Privia Health
Forward Guidance
Privia Health updated its full-year 2022 guidance.
Positive Outlook
- Implemented Providers between 3,660 and 3,680
- Attributed Lives between 850,000 and 860,000
- Practice Collections between $2,325 million and $2,400 million
- GAAP Revenue between $1,300 million and $1,335 million
- Adjusted EBITDA between $59 million and $61 million