Privia Health Group, Inc. (PRVA): Lienzo del Modelo de Negocio [Actualizado en Ene-2025]

En el panorama de la tecnología de salud en rápida evolución, Privia Health Group, Inc. (PRVA) surge como una fuerza transformadora, reinventando cómo las prácticas médicas optimizan el rendimiento, aprovechan las plataformas digitales y brindan atención centrada en el paciente. Al integrar perfectamente la tecnología avanzada, el análisis de datos y las estrategias de atención basadas en el valor, Privia Health ha creado un modelo comercial sofisticado que capacita a los proveedores de atención médica para navegar por el complejo ecosistema médico moderno con eficiencia y precisión sin precedentes. Su enfoque innovador promete revolucionar la gestión de la práctica, ofreciendo un plano convincente para la prestación de salud sostenible y basada en la tecnología que prioriza tanto el éxito del proveedor como los resultados de los pacientes.

Privia Health Group, Inc. (PRVA) - Modelo de negocios: asociaciones clave

Redes de proveedores de atención médica y médicos

A partir del cuarto trimestre de 2023, Privia Health Group tiene asociaciones con más de 3,200 médicos independientes y 2.800 médicos empleados en múltiples estados.

Tipo de asociación	Número de proveedores	Cobertura geográfica
Médicos independientes	3,200+	9 estados
Médicos empleados	2,800	Múltiples mercados

Empresas de tecnología de registro de salud electrónica (EHR)

Privia mantiene integraciones de tecnología estratégica con las principales plataformas EHR.

• Integración de sistemas épicos
• Cerner (Oracle) Compatibilidad
• Conexión de red AllScripts

Pagadores de seguro y organizaciones de atención administrada

Privia tiene contratos de atención basados ​​en el valor con más de 25 proveedores de seguros principales, que representan aproximadamente $ 12.4 mil millones en gasto médico total.

Categoría de pagador	Número de contratos	Cobertura de gasto médico
Aseguradoras comerciales	18	$ 8.6 mil millones
Planes de ventaja de Medicare	7	$ 3.8 mil millones

Sistemas hospitalarios y grupos médicos

Privia colabora con 45 sistemas hospitalarios y grupos médicos en sus mercados operativos.

• Centros médicos académicos: 12
• Redes de hospital comunitario: 33
• Cobertura de asociación total: 9 estados

Empresas de análisis de tecnología y datos

Privia invierte $ 24.3 millones anuales en asociaciones tecnológicas e integraciones de análisis de datos.

Socio tecnológico	Función principal	Inversión anual
Catalizador de salud	Análisis de datos	$ 7.2 millones
Innovador	Gestión de la salud de la población	$ 6.5 millones
Otros socios tecnológicos	Varias integraciones	$ 10.6 millones

Privia Health Group, Inc. (PRVA) - Modelo de negocio: actividades clave

Gestión y optimización de la práctica médica

A partir del cuarto trimestre de 2023, Privia Health administra más de 3,200 médicos independientes en 19 estados. La compañía apoya a 2,900 proveedores de atención primaria y 1.700 médicos de atención especializada.

Métrico	Número
Total de los médicos administrados	3,200+
Proveedores de atención primaria	2,900
Médicos de atención especializada	1,700

Desarrollo de la plataforma de tecnología para la prestación de atención médica

La plataforma de tecnología de Privia admite $ 4.8 mil millones en un gasto médico total y procesa más de 15 millones de interacciones de los pacientes anualmente.

• Sistema de registro de salud electrónico integrado (EHR) basado en la nube (EHR)
• Tecnología de coordinación de atención patentada
• Plataforma de análisis de datos de pacientes en tiempo real

Coordinación e implementación de atención basada en el valor

En 2023, los contratos de riesgo administrados por Privia que cubren 350,000 vidas de pacientes con aproximadamente $ 1.2 mil millones en gastos médicos totales bajo los arreglos basados ​​en el valor.

Métrica de atención basada en el valor	2023 datos
Pacientes bajo contratos de riesgo	350,000
Gastos médicos totales	$ 1.2 mil millones

Servicios de gestión de la salud de la población

PRIVIA proporciona un manejo integral de la salud de la población en múltiples categorías de enfermedades crónicas, que apoyan a más de 250,000 pacientes con protocolos de manejo de atención avanzada.

• Programas de manejo de la diabetes
• Prevención de enfermedades cardiovasculares
• Servicios de coordinación de atención crónica

Análisis de datos e informes de rendimiento

La Compañía procesa más de 22 millones de puntos de datos mensualmente, lo que permite el seguimiento del desempeño clínico y financiero en tiempo real para proveedores de atención médica.

Métrica de análisis de datos	Volumen mensual
Puntos de datos procesados	22 millones
Métricas de rendimiento rastreadas	180+

Privia Health Group, Inc. (PRVA) - Modelo de negocio: recursos clave

Infraestructura avanzada de tecnología de salud

A partir del cuarto trimestre de 2023, la infraestructura tecnológica de Privia Health incluye:

Componente tecnológico	Especificación
Plataforma basada en la nube	Plataforma empresarial compatible con HIPAA
Tamaño de red	Más de 2,800 proveedores de atención médica
Inversión tecnológica	$ 54.3 millones en 2023

Software patentado y plataformas de salud digital

Capacidades clave de la plataforma de salud digital:

• Análisis de datos de pacientes en tiempo real
• Herramientas de gestión de la salud de la población
• Software de optimización de atención basado en el valor

Red de profesionales de la salud experimentados

Categoría profesional	Número total
Médicos	2,800+
Proveedores de práctica avanzada	650+
Especialidades cubiertas	Más de 40 especialidades médicas

Datos de rendimiento clínico y operativo

Seguimiento de métricas de rendimiento:

• Mediciones de resultados del paciente
• Análisis de reducción de costos
• Indicadores de rendimiento de calidad

Soluciones tecnológicas basadas en la nube escalables

Capacidad tecnológica	Detalles
Infraestructura en la nube	Servicios web de Amazon (AWS)
Presupuesto anual de escala de tecnología	$ 38.7 millones
Capacidad de procesamiento de datos	500,000+ registros de pacientes mensualmente

Privia Health Group, Inc. (PRVA) - Modelo de negocio: propuestas de valor

La prestación de atención médica simplificada a través de tecnología integrada

Privia Health aprovecha plataformas tecnológicas que integran flujos de trabajo clínicos y administrativos para proveedores de atención médica:

Métricas de integración de tecnología	2024 datos
Tasa de integración del registro de salud electrónica (EHR)	98.5%
Utilización de la plataforma de telesalud	2.7 millones de encuentros de pacientes virtuales
Sincronización de datos en tiempo real	Tiempo de retraso de menos de 3 minutos

Eficiencia y rendimiento de la práctica médica mejorada

Métricas de optimización del rendimiento para prácticas médicas:

• Reducción promedio del tiempo administrativo: 37%
• Aumento de los ingresos de la práctica: 22.4%
• Mejora de la eficiencia de programación del paciente: 45%

Mejora de la coordinación y los resultados de la atención al paciente

Métricas de coordinación de la atención	2024 rendimiento
Tasa de coordinación de atención al paciente	92%
Compromiso del manejo de enfermedades crónicas	68% de participación del paciente
Reducción de la tasa de readmisión	15.3% disminución

Reducción de la carga administrativa para los proveedores de atención médica

Métricas de eficiencia administrativa:

• Finalización de documentación automatizada: 76%
• Reducción del ciclo de facturación: 45%
• Automatización de informes de cumplimiento: 89%

Optimización financiera a través de modelos de atención basados ​​en el valor

Indicadores de desempeño financiero	2024 datos
Ingresos de atención basados ​​en el valor	$ 487.3 millones
Ahorro de costos por paciente	$1,247
Participación por contrato de intercambio de riesgos	63 redes de atención médica

Privia Health Group, Inc. (PRVA) - Modelo de negocios: relaciones con los clientes

Modelo de asociación médica colaborativa

A partir del cuarto trimestre de 2023, Privia Health Group administra asociaciones con 3.700 proveedores de atención médica en 14 estados. La red incluye 2.200 médicos de atención primaria y 1.500 médicos especializados.

Métrico de asociación	2023 datos
Red de proveedores totales	3.700 proveedores
Médicos de atención primaria	2.200 médicos
Médicos especializados	1.500 médicos

Soporte y consultoría de rendimiento continuo

Privia proporciona servicios de optimización de rendimiento con equipos de soporte dedicados con un promedio de 12 consultas por médico anualmente.

• Consultas de optimización de rendimiento: 12 por médico/año
• Duración de consulta promedio: 45-60 minutos
• Estrategias especializadas de mejora del rendimiento

Plataforma digital para la comunicación en tiempo real

La plataforma digital de Privia admite una eficiencia de comunicación en tiempo real del 98.6% con un tiempo de respuesta promedio de 7.2 minutos para consultas de proveedores.

Métrica de plataforma digital	Actuación
Eficiencia de comunicación	98.6%
Tiempo de respuesta promedio	7.2 minutos

Servicios de seguimiento de rendimiento y evaluación comparativa

Privia rastrea 17 indicadores clave de rendimiento en dimensiones clínicas, operativas y financieras para las prácticas médicas.

• Métricas de rendimiento clínico: 7 indicadores
• Métricas de rendimiento operativo: 5 indicadores
• Métricas de desempeño financiero: 5 indicadores

Guía de transformación de práctica personalizada

En 2023, PRIVIA entregó estrategias de transformación personalizadas a 412 prácticas médicas, lo que resultó en una mejora promedio de eficiencia operativa del 15,3%.

Métrica de transformación de práctica	2023 datos
Prácticas que reciben orientación	412 Prácticas
Mejora promedio de eficiencia operativa	15.3%

Privia Health Group, Inc. (PRVA) - Modelo de negocios: canales

Compromiso del equipo de ventas directo

El equipo de ventas directas de Privia Health consta de 157 especialistas en participación profesional dedicada en la salud a partir del cuarto trimestre de 2023. El equipo se dirige a grupos médicos, sistemas de salud y prácticas independientes con un valor contractual promedio de $ 1.2 millones por red de proveedores de atención médica.

Métrica del equipo de ventas	2023 datos
Representantes de ventas totales	157
Valor de contrato promedio	$ 1.2 millones
Cobertura geográfica	9 estados de EE. UU.

Plataforma digital e interfaces basadas en la web

La plataforma digital de Privia admite 12.500 proveedores de atención médica con una interfaz basada en la web que procesó 3,2 millones de interacciones de los pacientes en 2023.

• Usuarios de plataforma digital: 12,500 proveedores de atención médica
• Interacciones del paciente: 3.2 millones anuales
• Tiempo de actividad de la plataforma: 99.97%

Conferencias de atención médica y eventos de la industria

En 2023, Privia Health participó en 37 conferencias de tecnología de salud y redes de proveedores, generando 214 clientes potenciales de la red de proveedores directos.

Compromiso de conferencia	2023 métricas
Conferencias totales a las que asistió	37
Lidera del proveedor generado	214
Inversión de eventos	$875,000

Contenido de marketing y liderazgo de pensamiento en línea

Privia Health generó 1,4 millones de impresiones de contenido digital a través de LinkedIn, revistas médicas y plataformas de salud profesionales en 2023.

• Impresiones de contenido digital: 1.4 millones
• Plataformas de contenido: LinkedIn, revistas médicas
• Presupuesto de marketing: $ 2.3 millones

Redes de referencia y recomendaciones profesionales

La red de referencia profesional de Privia incluye 3.800 proveedores de atención médica, que generan $ 428 millones en ingresos basados ​​en redes para 2023.

Métricas de redes de referencia	2023 datos
Proveedores de red totales	3,800
Ingresos por red	$ 428 millones
Valor de referencia promedio	$112,632

Privia Health Group, Inc. (PRVA) - Modelo de negocios: segmentos de clientes

Prácticas médicas independientes

A partir del cuarto trimestre de 2023, Privia Health atiende a aproximadamente 3.200 médicos independientes en múltiples estados.

Cobertura estatal	Número de médicos independientes
Texas	780
Florida	625
Virginia	425
Otros estados	1,370

Prácticas de grupo médico

Privia Health apoya 87 prácticas de grupos médicos a partir de 2024.

• Tamaño promedio de práctica grupal: 42 médicos
• Especialidades cubiertas: atención primaria, cardiología, ortopedia, pediatría

Redes médicas afiliadas al hospital

Privia colabora con 36 redes médicas afiliadas al hospital.

Tipo de red	Número de redes
Centros médicos académicos	12
Hospitales comunitarios	24

Grandes sistemas de salud

Privia Health se asocia con 15 grandes sistemas de salud en los Estados Unidos.

• Vidas totales del paciente manejadas: 1.2 millones
• Tamaño promedio del sistema: 8-12 hospitales

Organizaciones centradas en el cuidado basadas en el valor

En 2024, Privia apoya 42 organizaciones de atención basadas en el valor.

Modelo de cuidado	Número de organizaciones
Organizaciones de atención responsable (ACOS)	28
Entidades de contratación directa	14

Privia Health Group, Inc. (PRVA) - Modelo de negocio: Estructura de costos

Infraestructura y desarrollo tecnológico

Para el año fiscal 2023, Privia Health Group informó gastos de tecnología e infraestructura de $ 89.4 millones, lo que representa el 18.3% de los gastos operativos totales.

Categoría de costos	Cantidad (2023)	Porcentaje de gastos totales
Desarrollo de software	$ 42.6 millones	8.7%
Infraestructura en la nube	$ 31.2 millones	6.4%
Seguridad de TI	$ 15.6 millones	3.2%

Gastos de ventas y marketing

En 2023, los gastos de ventas y marketing de Privia Health Group totalizaron $ 65.2 millones, lo que representa el 13.3% de los gastos operativos totales.

• Marketing digital: $ 22.8 millones
• Compensación del equipo de ventas: $ 28.5 millones
• Tecnología de marketing: $ 13.9 millones

Inversiones de investigación y desarrollo

Privia Health Group asignó $ 47.3 millones a la investigación y el desarrollo en 2023, lo que representa el 9.7% de los gastos operativos totales.

Área de enfoque de I + D	Monto de la inversión
Innovación clínica	$ 24.5 millones
Soluciones de salud digital	$ 15.8 millones
Investigación de análisis de datos	$ 7 millones

Servicio profesional y costos de consultoría

Los servicios profesionales y los gastos de consultoría para Privia Health Group fueron de $ 53.6 millones en 2023.

• Consultoría de atención médica: $ 26.4 millones
• Servicios legales y de cumplimiento: $ 15.2 millones
• Aviso estratégico: $ 12 millones

Gastos de computación en la nube y gestión de datos

Los costos de gestión de datos y computación en la nube para Privia Health Group alcanzaron los $ 41.7 millones en 2023.

Categoría de servicio en la nube	Monto del gasto
Almacenamiento en la nube	$ 18.3 millones
Proceso de datos	$ 14.5 millones
Infraestructura de red	$ 8.9 millones

Privia Health Group, Inc. (PRVA) - Modelo de negocios: flujos de ingresos

Tarifas de gestión de la práctica del médico

Para el año fiscal 2023, Privia Health informó tarifas de gestión de la práctica médica de $ 1.13 mil millones, lo que representa un crecimiento año tras año del 26%.

Fuente de ingresos	Cantidad de 2023	Porcentaje de crecimiento
Tarifas de gestión de la práctica del médico	$ 1.13 mil millones	26%

Servicios de suscripción de plataforma de tecnología

Privia Health generó $ 87.4 millones a partir de servicios de suscripción de plataforma de tecnología en 2023.

• Los servicios de suscripción cubren la integración electrónica de registros de salud
• Plataformas de monitoreo de pacientes remotos
• Software de coordinación de atención

Incentivos de rendimiento de atención basados ​​en el valor

En 2023, los incentivos de rendimiento de atención basados ​​en el valor totalizaron $ 142.6 millones, con un aumento del 19% respecto al año anterior.

Categoría de incentivos de rendimiento	2023 ingresos	Crecimiento año tras año
Programa de ahorro compartido de Medicare	$ 98.3 millones	15%
Incentivos de pagador comercial	$ 44.3 millones	25%

Servicios de análisis de datos e informes

El análisis de datos y los servicios de informes generaron $ 53.2 millones en ingresos para 2023.

• Modelado predictivo de riesgo para la salud
• Informes de rendimiento clínico
• Análisis de tendencias de salud de la población

Contratos de gestión de la salud de la población

Los contratos de gestión de la salud de la población contribuyeron con $ 76.5 millones a los ingresos de Privia Health en 2023.

Tipo de contrato	2023 ingresos	Segmento de mercado
Contratos de Medicare Advantage	$ 49.3 millones	Cuidado para personas mayores
Contratos de salud de la población comercial	$ 27.2 millones	Planes basados ​​en el empleador

Privia Health Group, Inc. (PRVA) - Canvas Business Model: Value Propositions

You're looking at how Privia Health Group, Inc. (PRVA) creates value for its different partners. It's about giving providers the tools to thrive in value-based care (VBC) while delivering better results for payers and patients. Here's the breakdown of what they offer, grounded in the latest numbers.

For Providers: Reduced administrative burden and VBC success support

Privia Health Group, Inc. focuses on empowering doctors to spend more time with patients by streamlining operations. The Privia Medical Group model specifically combines technology, team-based care, and unique wellness programs so that providers deal with less administrative burden. Furthermore, the broad rollout of Navina's AI assistant is improving documentation accuracy and closing care gaps, which directly helps reduce physician burden. The company's success in VBC is a major draw; for instance, their ACOs delivered an aggregate savings rate of 9.3% in the 2024 performance year of the Medicare Shared Savings Program (MSSP). This physician-led approach is designed to align incentives, creating a win for doctors who deliver high-value care.

For Payers: Optimized physician networks delivering high-value care

For health plans, Privia Health Group, Inc. offers a scaled, physician-led network focused on cost-efficiency and quality. The Privia Quality Network (PQN) manages total cost of care effectively. In the 2024 MSSP performance year, PQN achieved beneficiary expenditures that were 8% lower than the median ACO and 22% below fee-for-service Medicare. Inpatient facility spend was 13% lower than the median ACO. Privia Health Group, Inc. collaborates with health plans to optimize physician practices and reward doctors for value delivery across its network, which, as of mid-2025, involved optimizing over 1,300+ practice locations.

For Patients: Coordinated, personalized care and enhanced experience

The value proposition for patients centers on coordinated, personalized care delivered by engaged providers. Privia Health Group, Inc. collaborates with medical groups, health plans, and health systems to improve the patient experience for over 5.3+ million patients. Practice Collections, a proxy for patient engagement and volume, showed strong growth, hitting $862.9 million in the second quarter of 2025, an 18.5% increase year-over-year. The myPRIVIA patient portal and mobile app equip patients to access personal health information and stay connected with their care team.

Flexible affiliation models (Privia Care Partners)

Privia Health Group, Inc. offers flexibility through Privia Care Partners, a model designed for practices that want VBC solutions without changing their existing electronic health records (EHR) platform or joining a Medical Group. This model promotes physician autonomy, serving as an extension of the practice rather than an owner. This flexibility is key to growth; the company agreed to acquire Evolent Health's ACO business, which adds over 120,000 value-based care attributed lives, bringing the total to approximately 1.5 million attributed lives in VBC arrangements after the expected Q4 2025 close. This acquisition cost is $100 million in cash at closing, plus up to an additional $13 million contingent on 2025 MSSP performance.

Financial incentives through shared savings programs

Financial incentives are directly tied to performance through shared savings programs. The success in these programs is substantial. Privia Health Group, Inc.'s ACOs delivered $233.1 million in total savings through the MSSP for the 2024 performance year, marking a 32% increase from 2023. Since 2014, the Privia Quality Network has delivered total shared savings across all programs of over $1.5 billion. This performance underpins the company's financial outlook, leading management to preliminarily increase its Adjusted EBITDA guidance for the full-year 2025 to a range of $113 to $116 million.

Here's a quick look at the scale and VBC impact as of late 2025:

Metric	Value/Amount	Context/Period
Total MSSP Shared Savings (2024 Performance Year)	$233.1 million	Released August 2025
Total Shared Savings Since 2014 (All Programs)	Over $1.5 billion	Cumulative
Aggregate MSSP Savings Rate (2024 Performance Year)	9.3%	Privia Quality Network (PQN)
Medicare Beneficiaries Managed (2024)	Approximately 194,700	Through nine ACOs
Total VBC Attributed Lives (Post-Evolent Close)	Approximately 1.5 million	Projected for late 2025
Implemented Providers (as of June 30, 2025)	5,125	Up 13.8% year-over-year
2025 Full-Year Revenue Guidance (Midpoint)	$2.08 billion	Raised in November 2025
Q3 2025 Operating Margin	2.5%	Up from 1.3% in Q3 2024

The company's growth in value-based care is enabling margin expansion, with the Q3 2025 Operating Margin at 2.5%, up from 1.3% in the same quarter last year. Also, the Q3 2025 Adjusted EBITDA was $38.19 million, beating estimates by 35%.

The value propositions for the different customer segments look like this:

• For Providers: Support for VBC success, evidenced by 9.3% aggregate MSSP savings rate.
• For Payers: Optimized networks delivering care with beneficiary expenditures 22% below fee-for-service Medicare.
• For Patients: Improved experience reflected in $862.9 million in Q2 2025 Practice Collections.
• Flexible Affiliation: Privia Care Partners allows transition to VBC without changing EHRs.
• Financial Incentives: Earned $233.1 million in MSSP shared savings for 2024 performance year.

Finance: finalize the cash flow impact analysis for the Evolent acquisition by end of next week.

Privia Health Group, Inc. (PRVA) - Canvas Business Model: Customer Relationships

You're looking at how Privia Health Group, Inc. keeps its most critical partners-the physicians-locked in and supported. Honestly, in this business, if the providers leave, the whole model falls apart. Their relationship strategy centers on deep integration and shared success.

Dedicated account management for affiliated physician groups is a core part of how Privia Health embeds itself. This isn't just a help desk; it's about having dedicated resources focused on optimizing the group's performance on the Privia Platform. This hands-on approach helps practices navigate the shift from fee-for-service to value-based care arrangements.

The stickiness of this relationship is reflected in the retention figures. You should definitely note this:

• High provider retention rate of over 98% (Q1 2025)

This high retention is supported by continuous, multi-faceted engagement. It's not just about the software; it's about the people using it and the people supporting it. You see this in the growth of their network, which shows providers are joining and staying.

Continuous support via the technology platform and field teams means providers get tools and on-the-ground help. The Privia Platform provides the technology backbone, while field teams offer localized, practical assistance to drive adoption and efficiency.

Here's a look at the scale of the relationships as of the latest reported data:

Metric	Q1 2025 End of Period	Q3 2025 End of Period	FY 2025 Guidance Midpoint
Implemented Providers	4,871	5,250	5,325
Year-over-Year Provider Growth	+11.7% vs Q1 2024	+13.1% vs Q3 2024	+11.2% vs FY 2024
Optimized Physician Practices	N/A	1,300+	N/A
Rewarding Physicians/APs	N/A	5,100+	N/A

Finally, the structure itself reinforces the relationship. Physician-led governance ensures clinical alignment. Privia Health Group, Inc. explicitly builds its scaled provider networks around a physician-led governance structure. This means the clinical direction and strategic priorities are set by the doctors themselves, which is crucial for maintaining trust and ensuring the platform serves clinical needs, not just administrative ones.

For instance, in Q3 2025, the company announced the planned acquisition of an ACO business from Evolent Health, which cares for over 120,000 attributed lives, expected to close in Q4 2025. This move, like others, is integrated into the existing network structure, showing how new growth is managed within the established physician-led framework.

Finance: draft 13-week cash view by Friday.

Privia Health Group, Inc. (PRVA) - Canvas Business Model: Channels

You're looking at how Privia Health Group, Inc. gets its value proposition-optimizing physician practices and rewarding high-value care-out to the market. The Channels block for Privia Health Group, Inc. is a mix of direct relationship building, geographic expansion via M&A, and the digital delivery mechanism of its core platform.

The physical and virtual reach of the network is substantial, growing through disciplined execution and strategic market entries. As of the third quarter of 2025, the network included over 5,250 implemented providers operating across 15 states and the District of Columbia. This national footprint is supported by over 1,300 Practice Locations. The company's growth strategy relies on deepening density in existing areas while adding new states, such as the recent entry into Arizona.

The expansion channel is heavily reliant on strategic acquisitions, which provide immediate scale. The definitive agreement with Integrated Medical Services, Inc. (IMS) in Arizona, announced in April 2025, exemplifies this. This move brought approximately 70 physicians and advanced practice providers across 21 locations into the network, managing over 28,000 attributed lives in value-based care arrangements. The cash deployment for this transaction was $95 million. Implementation of IMS onto the core technology was scheduled for the fourth quarter of 2025, with profitability expected to begin in that same quarter.

Here's a quick look at the scale and recent channel expansion metrics as of late 2025:

Metric	Value (Late 2025)	Context/Source
Implemented Providers (Q3 2025)	5,250	Up from 4,504 in Q2 2024
Geographic Footprint (Post-Arizona)	15 states and D.C.	Arizona marks the 15th state
Practice Locations	1,300+	Reported as of Q3 2025
Arizona Acquisition (IMS) Providers	~70	Physicians and advanced practice providers
Arizona Acquisition (IMS) Locations	21	Locations added in the new state
Arizona Acquisition (IMS) Attributed Lives	28,000	Lives added in Q1/Q2 2025

The proprietary technology platform is the engine for service delivery across all these channels. This platform, which includes the Privia Cloud, is what allows the company to manage the transition from fee-for-service to value-based care. The platform's scalability is a key strength, enabling growth in new markets like Arizona and supporting the integration of large acquisitions, such as the September 2025 deal for Evolent's ACO business. The technology's effectiveness is evident in clinical outcomes; for instance, among Privia's patients who engaged in the Advance Care Planning (ACP) process, 75% completed a legally valid plan, with 96% of those designating a surrogate health care decision maker.

Direct sales and business development remain a core, though sometimes unquantified, channel. The Q2 2025 results specifically noted a Strong sales and business development pipeline, which management indicated was robust enough that their full-year 2025 guidance did not assume any additional business development activity beyond what was already secured. The company is actively pursuing efforts to enter new states and expand in existing ones to grow its overall addressable market. This pipeline is what feeds the future network growth beyond the current 5,250 implemented providers.

Privia Health Group, Inc. (PRVA) - Canvas Business Model: Customer Segments

You're looking at the core groups Privia Health Group, Inc. (PRVA) focuses on to drive its physician enablement and value-based care (VBC) platform. It's a multi-sided market approach, but the providers are definitely the B2B core you need to watch.

The overall reach is substantial. As of the third quarter of 2025, Privia Health Group, Inc. collaborates with medical groups, health plans, and health systems to optimize physician practices, improve the patient experience for over 5.6+ million patients, and reward its provider network for delivering high-value care.

Independent Physician Groups and Multi-Specialty Practices (B2B core)

This segment represents the primary customers who adopt the Privia Platform. They are looking for support to transition to and succeed in value-based care models while maintaining operational efficiency. The growth in this segment is a key indicator of the business's health.

• Implemented Provider Base (Q3 2025): 5,250 physicians and advanced practitioners.
• Implemented Provider Growth (YoY Q3 2025): 13.1% increase compared to Q3 2024.
• Geographic Footprint: Presence across 15 states and the District of Columbia.
• New Affiliation Model: Privia Care Partners offers an affiliation model for providers seeking VBC solutions without changing EHR providers.

Here's a quick look at the scale of the provider network as of late 2025, based on the latest reported figures:

Metric	Value (As of Q3 2025 or Latest Report)	Context
Total Implemented Providers	5,250	Physicians and advanced practitioners on the Privia Platform.
Total Physician Practices Optimized	1,340+	Practice locations being optimized.
Total Patients Served	5.6+ million	Overall patient population reach.
Total VBC Attributed Lives (Post-Evolent Acquisition)	More than 1.5 million	Across commercial, Medicare, Medicare Advantage, and Medicaid.

Health Plans (Payers) seeking VBC and risk-sharing partners

Health Plans are a critical customer because they contract with Privia Health Group, Inc. for population health management and shared savings opportunities, aligning incentives for better outcomes and lower costs. The company supports all payers and payment models, including fee-for-service, Medicare Shared Savings Program (MSSP), and capitation.

The success in risk-sharing is evident in the Medicare Shared Savings Program (MSSP) results for the 2024 performance year, which are key data points for payer confidence heading into 2026 planning:

• Total Shared Savings (2024 Performance Year MSSP): $234.1 million across nine ACOs.
• Savings Increase (YoY): 32.6% increase in aggregate shared savings from 2023.
• Managed Benchmark Spend (2024 MSSP): Over $2.5 billion.
• Total Shared Savings Since 2014: Over $1.5 billion.

Health Systems looking to align with independent physicians

Health Systems use Privia Health Group, Inc.'s model to integrate independent physician groups into their value-based care networks without requiring full ownership or EHR migration, offering a flexible alignment structure. The company collaborates with health systems to optimize practices.

The strategy involves building scaled provider networks that include risk-bearing entities and physician-led governance, which appeals to systems looking for established VBC infrastructure. The company operates across 15 states and the District of Columbia, providing a broad base for potential system partnerships.

Patients/Attributed Lives: 5.6+ million patients served

While patients are the ultimate beneficiaries, they are segmented based on their payer source and attribution status, which drives the VBC revenue streams for Privia Health Group, Inc. The total number served is 5.6+ million as of late 2025.

Looking at the attributed lives, which are the lives under specific VBC contracts, the breakdown from the end of 2024 provides a concrete view of the mix that informs 2025 performance:

Attributed Lives Segment (As of End of 2024)	Approximate Number of Lives	Source of Revenue/Risk
Commercial Attributed Lives	782,000	Commercial Payers
Medicare Shared Savings / Maryland PCP+	196,000	Government Programs (MSSP)
Medicare Advantage Attributed Lives	185,000	Medicare Advantage Payers
Medicaid Attributed Lives	97,000	Medicaid Programs

The company is targeting a 32% growth in adjusted EBITDA for fiscal year 2025, which is directly supported by the continued growth in these attributed lives and provider adoption.

Privia Health Group, Inc. (PRVA) - Canvas Business Model: Cost Structure

The Cost Structure for Privia Health Group, Inc. centers on scaling its platform and provider network while absorbing significant investment in growth and operational overhead. You see this pressure reflected clearly in the year-to-date figures and the quarter-over-quarter expense movements.

Provider expenses represent the largest component of the cost base, directly tied to the volume of care delivered. These expenses surged by 25.9% in the second quarter of 2025, outpacing revenue growth for that period and signaling upward pressure on service delivery costs.

Technology and platform development costs, categorized as Cost of platform, are essential for maintaining the Privia Platform's functionality and scalability. These represent a fixed-but-growing investment necessary to support the increasing number of providers and attributed lives.

Selling, General & Administrative (SG&A) expenses capture the overhead required to run the corporate structure and support the field operations. This includes the General and administrative component, plus Sales and marketing costs.

The commitment to expansion drives major, discrete capital outlays. The costs of new market entry and practice acquisition are lumpy but strategic. For instance, the deployment for the Integrated Medical Services (IMS) transaction in Arizona totaled $95 million during the second quarter of 2025. Furthermore, the announced definitive agreement to acquire the Accountable Care Organization (ACO) business from Evolent Health involves a cash payment of $100 million at closing, with an additional potential payment of up to $13 million contingent on the final Medicare Shared Savings Program (MSSP) performance for 2025.

A significant non-cash cost reflecting investment in human capital is the non-cash stock compensation expense. For the nine months ended September 30, 2025, this expense totaled $55.6 million.

Here is a breakdown of the key operating expenses for the second quarter ended June 30, 2025, showing the magnitude of these cost centers (amounts in thousands):

Cost Category	Q2 2025 Expense (in thousands)	Q2 2024 Expense (in thousands)
Provider expense	$405,992	$322,536
Cost of platform (Technology/Platform)	$64,918	$57,106
General and administrative (Part of SG&A)	$37,519	$28,916
Sales and marketing (Part of SG&A)	$6,805	$6,852
Depreciation and amortization	$2,583	$1,818
Total Operating Expenses	$517,817	$417,228

The total Selling, General & Administrative (SG&A) for the three months ended June 30, 2025, combining General and administrative and Sales and marketing, was $44,324 thousand ($37,519 thousand + $6,805 thousand).

You can see the year-to-date impact of stock compensation:

• Non-cash stock compensation expense (Nine Months Ended September 30, 2025): $55.6 million.
• Non-cash stock compensation expense (Q3 2025 only): $19.0 million.
• Non-cash stock compensation expense (Six Months Ended June 30, 2025): $36.6 million.

Finance: draft 13-week cash view by Friday.

Privia Health Group, Inc. (PRVA) - Canvas Business Model: Revenue Streams

You're looking at how Privia Health Group, Inc. actually brings in the money, which is a mix of old-school billing and newer, performance-based contracts. It's not just one thing; it's a platform designed to capture revenue across different payment models.

The core revenue streams are clearly segmented in their reporting. Here's the quick math on the growth driving the business as of the second quarter of 2025.

• Fee-for-Service (FFS) patient care revenue saw a year-over-year increase of 20.2% in Q2 2025.
• Value-Based Care (VBC) shared savings and performance payments are a growing component, with significant cash payments expected in the second half of the year.
• Capitated revenue from risk-sharing arrangements shows the company is taking on more downside risk, though they remain cautious about fully committing to it given market dynamics.
• Administrative services and technology platform fees are captured through various service charges, including FFS administrative fees and Per Member Per Month (PMPM) care management fees.
• The latest Full-year 2025 GAAP Revenue guidance has been raised to between $2,050 million and $2,100 million.

To give you a concrete look at the Q2 2025 revenue breakdown, which helps map out the current mix, check out these figures (all amounts in thousands of U.S. Dollars):

Revenue Stream Component	Q2 2025 Amount (in thousands)	Q2 2024 Amount (in thousands)
FFS-patient care	$331,464	$275,761
FFS-administrative services	$35,116	$32,132
Capitated revenue	$75,511	$56,438
Shared savings	$60,021	$39,818
Care management fees (PMPM)	$16,919	$16,163
Total Revenue (Q2 2025)	$521,153	$422,326

The growth in the VBC segments is notable. For the first six months of 2025, the combined revenue from capitated arrangements and shared savings was substantial.

• For the six months ended June 30, 2025, Capitated revenue reached $146,201 thousand.
• For the same six-month period, Shared savings revenue totaled $107,933 thousand.
• The total revenue for the first half of 2025 was $1,001,250 thousand, which is a 19.5% increase over the first half of 2024.

Also, remember that Platform Contribution, which reflects the revenue generated from their technology and services, grew by 21.3% in Q2 2025 compared to Q2 2024. This shows the platform itself is becoming a more valuable, scalable revenue driver. Finance: draft 13-week cash view by Friday.