Performance in all markets by 2020 shows lower costs of improved care և system
Total savings of $ 86.5 million Delivered to Georgia, Maryland, Texas, Virginia and Washington

ARLINGTON, W., Aug 20, 2021 (GLOBE NEWSWIRE) – Privia Health Group, Inc. (Nasdaq: PRVA) announced today that its Accounting Care Organizations (ACOs) have provided quality care, improved patient outcomes, and achieved total savings of $ 86.5 million through the Medicare Joint Savings Plan (MSSP).

Privia ACOs (together with “Privia Quality Network”) 2020 Provided high-cost, cost-effective care to more than 121,000 Medicare beneficiaries by 2020.

“We understand how to meet with health care providers as they travel to improve care and outcomes in their community. “These results demonstrate that the Privia Health platform continues to transform the experience of providing patient care providers,” said Sean Morris, CEO of Privia Health. “I am extremely proud of our physician և partner partners, care management teams և staff who continue to focus on providing exceptional care’s differentiated experience.”

“Many of our physicians և partners in the MSSP program are taking a negative financial risk. This 2020 performance is a great example of how we continue to succeed in reducing unnecessary costs, achieving better results, and improving patient health,” Morris added. : “We are pleased with these results. We continue to expect to be within the financial guidance range of our core criteria throughout the year. In addition, we expect that the success of these programs, our years of experience in risk management and insurance, will help us succeed as we move towards more comprehensive risk arrangements. ”

All of the company’s results reflect Privia Health’s commitment to improving the health of communities through technology, team care, and unique health care programs that engage patients in their health, prevent disease, and enhance care, both in the doctor’s office and abroad. .

Privia Quality Network includes physicians ներ leading professionals in Georgia, Maryland, Texas, Virginia և Washington. Since 2014, Privia Quality Network has provided over $ 519 million in total savings to commercial program payers through contributions to MSSP, including more than $ 281 million.

Other notable accents united in the Privia Quality Network in 2020.

  • The total average annual costs incurred are 15% lower than the average MSSP ACO և 24% lower than the total Medicare service charge.
  • The weighted average use of emergency rooms is 22% lower than the average MSSP ACO և 30% lower than the total Medicare service charge.
  • The approved weighted average hospital stay remains 22% lower than the average MSSP ACO և 27% lower than the total Service Medicare fee.
  • The average weighted outpatient clinic costs 22% less than the average MSSP ACO և 35% lower than the total Service Medicare fee.
  • Medium weighted inpatient facilities cost 20% lower than the average MSSP ACO և 29% lower than the total Medicare fee for Medicare; and
  • Done at a quality rating level of 97% or higher at each of Privia Health’s four ACOs.

“Our MSSP 2020 results continue to underscore our physicians’ commitment to opportunities to improve patient outcomes and reduce the cost of care in their communities,” added Dr. Keith Fernandez, Priavia Health’s Chief Clinical Officer. “Our private Privia platform, in conjunction with the organizational structure led by our physicians, provides the tools, technology, and experience to maximize physicians’ practice, to provide physicians with more time to care for the patient’s ideal experience.”

The amount of Medicare health care costs included in the Privia Quality Network, 2014 from $ 111 million to $ 1.04 billion in 2020. Established through the Affordable Care Act, the MSSP facilitates co-ordination and collaboration between providers that create ACOs to improve health outcomes and raise standards. care եցնել reduce unnecessary costs, benefiting 10.7 million patients.

About Privia Health

Privia Health է is a technology-based, physician-enabled company that works with medical teams, health programs, and health systems to optimize physicians ‘practices, improve patients’ experience, reward physicians with both high-quality medical care, and personal care. settings. Our platform is run by the industry’s top talent բացառ exclusive doctor leadership կ consists of large-scale operations և cloud-based technology that reduces unnecessary healthcare costs, achieves better results, հիվանդ improves patient health and well-being. suppliers. For more information, visit priviahealth.com.

Safe harbor announcement

This issue may contain prospective statements within the meaning of the provisions on the safe conduct of the 1995 Private Securities Judicial Reform Act. Prospective statements include all statements that are not limited to historical or current facts, including but not limited to: Statements about forecasts, future actions or plans, financial results, cash flow, expenditure և cost management initiatives, capital structure management, growth rates և operational և strategic initiatives, as they can be identified using words such as: “Will”, “projects”, “expectation”, “forecast”, “intention”, “plans”, “belief”, “evaluation”, “going on”, “thinking”, “perspective”, “goal” – similar meaning words or phrases. These promising statements speak only as of this date և are based on our current plans և expectations են are subject to a number of known և unknown risks, uncertainties և other factors, many of which are difficult or impossible to predict և may be beyond our control. These risks and uncertainties include, but are not limited to, the factors described in the documents we submitted to the Securities and Exchange Commission, including the Risk Factors section. As a result, current plans, expected actions և future financial position արդյուն results of operations may differ materially from the future results or performance of this press release as expressed or implied in any prospective statements. Given these uncertainties, you are being warned not to rely on these promising statements. The Company is not obligated to review or update any of these announcements, or make any other prospective announcements in the light of new information, future events or otherwise.

Contact:

Robert Borchert
SVP, Investor & Corporate Communications:
IR@priviahealth.com:
priviapress@priviahealth.com:
817.783.4841:

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