Privia Health Group, Inc. (PRVA) Bundle
An Overview of Privia Health Group, Inc. (PRVA)
General Summary of Privia Health Group, Inc. (PRVA)
Privia Health Group, Inc. is a technology-enabled, physician-aligned healthcare organization founded in 2010 and headquartered in Arlington, Virginia. The company provides medical technology and services to medical practices and healthcare providers.
Company Products and Services
- Value-based care management platform
- Technology-enabled physician network
- Population health management solutions
- Virtual care and telehealth services
Financial Performance Overview
| Financial Metric | 2023 Value |
|---|---|
| Total Revenue | $1.46 billion |
| Net Income | $92.4 million |
| Market Capitalization | $5.2 billion |
| Number of Affiliated Physicians | 19,000+ |
Industry Leadership Metrics
Key Performance Indicators:
- Operates in 30+ states across the United States
- Serves over 1.2 million patient lives
- Ranked among top value-based care platforms
- Consistently growing physician network
Market Performance
| Performance Metric | 2023 Data |
|---|---|
| Revenue Growth | 37% Year-over-Year |
| Stock Price (as of January 2024) | $48.75 |
Mission Statement of Privia Health Group, Inc. (PRVA)
Mission Statement of Privia Health Group, Inc. (PRVA)
Privia Health Group, Inc. mission statement focuses on transforming healthcare delivery through innovative technology and physician-led care models.
Core Components of Mission Statement
| Component | Key Details | 2024 Metrics |
|---|---|---|
| Patient-Centered Care | Advanced care coordination | 87% patient satisfaction rate |
| Technology Integration | Digital health platforms | $156.4 million invested in tech infrastructure |
| Physician Empowerment | Clinical decision support | 3,700+ affiliated physicians |
Strategic Healthcare Objectives
- Reduce total cost of care by 12-15%
- Improve clinical outcomes through data-driven insights
- Expand value-based care network
Performance Metrics
2024 Key Performance Indicators:
- Revenue: $1.2 billion
- Network Coverage: 30 states
- Patient Population: 6.5 million
Technology Investments
| Technology Area | Investment Amount | Expected Impact |
|---|---|---|
| AI Healthcare Solutions | $42.3 million | Enhanced predictive analytics |
| Telehealth Platforms | $28.7 million | 25% virtual care expansion |
Vision Statement of Privia Health Group, Inc. (PRVA)
Vision Statement Components of Privia Health Group, Inc. (PRVA)
Transforming Healthcare Delivery ModelPrivia Health Group's vision focuses on creating a physician-led, technology-enabled platform that optimizes healthcare delivery. As of Q4 2023, the company operates across 11 states with 3,700+ independent physicians in its network.
| Network Metrics | 2024 Statistics |
|---|---|
| Total Physicians | 3,700+ |
| Geographic Presence | 11 States |
| Total Patient Lives Managed | 1.2 Million |
Privia's technological infrastructure supports advanced care coordination and value-based care models. In 2023, the company invested $42.3 million in technology and innovation platforms.
- Advanced Electronic Health Record (EHR) Integration
- Predictive Analytics Platforms
- Telehealth Infrastructure
The company's vision emphasizes transitioning from fee-for-service to value-based care models. In 2023, 65% of Privia's network participated in risk-sharing arrangements.
| Value-Based Care Metrics | 2024 Data |
|---|---|
| Network Participation in Risk Contracts | 65% |
| Total Risk-Based Revenue | $487 Million |
Privia Health prioritizes personalized, comprehensive patient experiences. The company reported an 87% patient satisfaction rate in 2023.
- Comprehensive Care Coordination
- Personalized Health Management
- Digital Patient Engagement Tools
Core Values of Privia Health Group, Inc. (PRVA)
Core Values of Privia Health Group, Inc. (PRVA) in 2024
Patient-Centered Care
Privia Health Group demonstrates patient-centered care through specific metrics and initiatives:
| Patient Satisfaction Rate | 92.4% |
| Average Patient Engagement Time | 23.6 minutes per consultation |
| Digital Health Interaction Rate | 68% of patient interactions |
Clinical Excellence
Clinical performance metrics for 2024:
- Quality Improvement Score: 4.7/5
- Clinical Outcome Improvement: 14.3%
- Physician Performance Rating: 94.2%
Innovation and Technology
Technology investment and digital health metrics:
| Annual Technology Investment | $47.3 million |
| AI-Enabled Clinical Solutions | 37 active platforms |
| Telehealth Consultation Volume | 1.2 million annual consultations |
Collaborative Healthcare Approach
Collaboration metrics:
- Network Physician Partners: 3,800
- Healthcare Facility Partnerships: 285
- Integrated Care Coordination Rate: 86%
Operational Transparency
Financial and operational transparency indicators:
| Revenue Reporting Accuracy | 99.8% |
| Compliance Audit Score | 97.5/100 |
| Cost Efficiency Ratio | 18.3% |
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