Privia Health Group, Inc.

Privia Health Group, Inc. (NASDAQ: PRVA) operates as a technology-driven, national physician-enablement company that collaborates with physician practices, health plans, and health systems to improve healthcare delivery outcomes. The company's website is www.privia.com.

The company's core business centers on organizing physicians and non-physician clinicians into value-based care networks while maintaining significant provider autonomy. Privia operates through a unique practice model combining the advantages of large regional medical groups with physician governance and leadership. The company generates revenue from four primary sources: fee-for-service patient care revenue from owned and affiliated medical groups, per member per month care management fees, value-based care revenue including capitated revenue and shared savings, and other services such as virtual visits, concierge services, and clinical trials.

As of December 31, 2025, Privia had 5,380 credentialed providers operating across more than 1,300 practice locations in 24 states and the District of Columbia. The company serves over 5.8 million patients, including approximately 910,000 commercial patients, 212,000 Medicare Advantage attributed lives, 298,000 Medicare Shared Savings Program attributed lives, and 120,000 Medicaid attributed lives in value-based arrangements.

The Privia Platform represents the company's proprietary end-to-end, cloud-based technology solution built on a modern technology stack integrated with athenahealth's electronic medical record system. The platform streamlines provider, patient, and care team workflows across patient access, pre-visit preparation, care delivery, and post-visit analytics. The company operates nine accountable care organizations that delivered shared savings of $233.1 million in 2024, with per capita expenditures eight percent lower than median Medicare Shared Savings Program ACOs.

Privia's business model emphasizes establishing single-tax-identification-number medical groups in each geographic market, operating local management services organizations, and building physician-led accountable care organizations. The company's growth strategy focuses on organic expansion within existing markets, transitioning markets toward value-based care, pursuing white space opportunities, entering new geographic markets, and executing disciplined acquisitions. The company competes in a fragmented healthcare industry against community-based provider organizations, health systems, and emerging physician enablement companies.