Strong Financial Performance
Privia Health's practice collections increased 27.1% year-over-year, reaching $940.4 million in Q3. Adjusted EBITDA rose 61.6% to $38.2 million, with an EBITDA margin of 30.5%.
Medicare Shared Savings Program Success
The Medicare Shared Savings Program demonstrated an aggregate savings rate of 9.4%, up from 8.2% in 2023, with total shared savings of $234.1 million, a 32.6% increase from the previous year.
Expansion and Growth
Privia Health's implemented provider growth was 13.1% year-over-year, and attributed lives increased by nearly 13%. The acquisition of an ACO business from Evolent Health will add over 120,000 value-based care attributed lives.
Cash Position and Financial Flexibility
Privia Health reported pro forma cash of $409.9 million with no debt, forecasting at least $410 million in cash by year-end, positioning the company for further growth opportunities.