Privia Health Group(NASDAQ) PRVA

Privia Health Group, Inc. helps doctors run their offices more efficiently. It lets doctors focus on patients instead of doing paperwork. The company helps healthcare providers lower costs and improve results.

Helping Doctors Do More

• FFS Patient Care: Revenue from medical services provided by doctors; accounted for 65.2% of revenue for the three months ended June 30, 2026.
• Value-Based Care: Payments for managing patient health and sharing savings from lower costs; represented 29.2% of revenue for the three months ended June 30, 2026.
• Administrative Services: Management and support tools for medical groups that the company does not own; made up 5.3% of revenue for the three months ended June 30, 2026.
• Care Partners Model: Flexible affiliation for providers who want cost-control programs without changing their digital record systems.
• Accountable Care Organizations: Networks of providers that work together to lower costs and improve care; the company manages ten of these groups as of June 30, 2026.

Moving Into New Markets

• Entered Arizona in April 2025 through a partnership with a large multi-specialty practice.
• Acquired an Accountable Care Organization business (a group of providers that coordinate care to lower costs) from Evolent Health, Inc. in Dec. 2025.
• Expanded into New Jersey in May 2026 by partnering with the Neurology Group of Bergen County.
• Launched the Care Partners model on Jan. 1, 2022, to reach providers who do not want to join full medical groups.

A Different Kind of Medical Group

Privia combines a single tax identification number for its medical groups with provider autonomy to help physicians negotiate better insurance rates. The company historically maintains a 96% provider retention rate, reflecting high physician satisfaction with the technology and service platform.

The Growth Numbers

• Total revenue was $632.6 million for the three months ended June 30, 2026, up 21.4% year over year.
• Net income attributable to the company rose 236.7% year over year to $9.0 million for the three months ended June 30, 2026.
• Practice Collections reached $970.0 million for the three months ended June 30, 2026, up 12.4% year over year.
• Adjusted EBITDA reached $37.4 million for the three months ended June 30, 2026, a 29.1% increase year over year.
• Implemented providers grew 10.1% year over year to 5,644 as of June 30, 2026.

Evolution of Physician Support

Privia has moved from a regional service provider to a national platform that supports thousands of healthcare professionals. It continues to shift its focus toward value-based care models while maintaining a steady foundation of traditional patient care revenue.