Privia Health

What Privia Health does

Privia Health Group, Inc. (NASDAQ: PRVA) is a publicly traded physician enablement company founded in 2014 and headquartered in Arlington, Virginia. The company operates a national physician organization that combines a proprietary technology platform with practice management, revenue cycle, payer contracting, and care coordination services to enable independent physicians and medical groups to participate in value-based care arrangements while preserving clinical autonomy. Its core offering, Privia Medical Group, consists of affiliated multispecialty physician practices; Privia Quality Network operates the company's ACO business participating in the Medicare Shared Savings Program and other value-based contracts. Supporting modules include Privia+ scribe/coder services, telehealth/virtual care, revenue cycle management, care management, the myPrivia patient portal, and specialty sub-brands for women's health and pediatrics.

The underlying technology stack combines EHR-integrated patient engagement, population health analytics, AI-driven workflow automation, and care gap closure tools. Privia's AI deployments include Zynix AI care execution agents supporting approximately one million patients, Amalgam Rx-powered automated outreach that processed ~23,000 colorectal screening orders in 48 hours, and Bamboo Health's AI-enabled behavioral health navigation platform. Revenue is generated through a hybrid model: practice collections from affiliated physician services (Q1 2026: $914.8M, up 14.6% YoY), shared savings from MSSP ACO arrangements ($233M+ delivered in 2024 performance year), physician enablement fees for practice management and RCM services, and delegated care management services for payer partners. As of Q1 2026, Privia operates across 25 states plus DC with 4,300+ providers in 300+ practice locations, 1.6 million attributed lives (up 26.5% YoY), and 130+ value-based care programs.

The company's go-to-market combines anchor-practice partnerships for new market entry (Neurology Group of Bergen County in NJ, Integrated Medical Services in AZ), strategic health system alliances (Novant Health, OhioHealth), and selective M&A to accelerate attributed-life growth, most notably the $113M acquisition of Evolent Health's ACO business closed December 5, 2025, which added 120,000+ value-based attributed lives. FY2025 revenue reached $2.12B (up 22% YoY) with $125.5M in Adjusted EBITDA, and management's FY2026 guidance of $2.35–$2.45B implies continued double-digit growth driven by geographic expansion, organic provider growth, and acquired VBC contracts.

Name

Privia Health

Legal name

Privia Health Group, Inc.

Website

https://priviahealth.com

Company type

Public

Founded year

2014

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Privia Health Group (NASDAQ: PRVA) is a publicly traded physician enablement company that provides technology, practice management, and value-based care infrastructure to 4,300+ independent providers across 25 states, serving 1.6 million attributed lives through its Privia Medical Group and Privia Quality Network ACO platform.

Ownership category

akta.pro rank

Product category

Physician Enablement and Value-Based Care Services

akta.pro primary industry

Chronic Care & Complex Care Management (HSABAIAD)

akta.pro secondary industry

Benefits, Insurance & Long-Term Care Planning Navigation (Medicare/Medicaid/LTC) (HLADALAI)

Keywords

• Physician enablement platform
• Value-based care services
• Accountable care organization
• Practice management technology
• Population health management

Headquarters

HQ city

Arlington

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure, Supply Chain

Revenue model

1. Value-Based Care Contracts: Revenue generated through MSSP ACO shared savings, Medicare Advantage capitated agreements, and other value-based arrangements. Privia ACOs delivered $233+ million in total savings in 2024 MSSP performance year, a 32% year-over-year increase.
2. Practice Collections: Total practice collections from physician services delivered across Privia Medical Groups, representing the full revenue generated by affiliated practices. Q1 2026 practice collections reached $914.8 million, up 14.6% year-over-year.
3. Physician Enablement Fees: Revenue from providing practice management, revenue cycle management, payer contracting, and technology services to affiliated physician practices.
4. Care Management and Delegated Services: Revenue from delegated services including utilization management, care coordination, and quality reporting for payer partners.

Go-to-market motion2 records

Distribution channels3 records

Marketing channels6 records

Core offering

Privia Health is a physician enablement company that provides a proprietary technology platform and operational services to help independent physician practices transition from fee-for-service to value-based care. Core offerings include Privia Medical Group (physician-led multispecialty group), Privia Quality Network (ACO for MSSP participation), and supporting modules for revenue cycle management, care management, telehealth, and patient engagement, serving over 1.6 million attributed lives across 25 states.

Product overview

Privia Health is a national physician organization and technology-driven healthcare platform that enables independent physicians to thrive in value-based care. The core platform combines talent, tools, and enabling technology to develop and scale physician groups. The main products include Privia Medical Group (physician-led multispecialty group), Privia Quality Network (ACO network for MSSP participation), and myPrivia Patient Portal. Supporting modules include telehealth/virtual care, revenue cycle management, care management, and Privia+ (Scribe/Coder for documentation assistance). Specialized sub-brands include Privia Women's Health and Privia Pediatrics. The platform serves over 1.5 million patients across 25 states and the District of Columbia, operating approximately 4,300+ providers in 300+ practice locations.

Differentiator

Problem solved

Functional benefit

Brands

• Privia Medical Group: Physician-led multispecialty group providing care across various states under Privia's platform
• Privia Quality Network
• Privia+ (Privia Plus)
• Privia Care Partners
• Privia Health Group

Products and services

• Privia Medical Group Physician-led multispecialty group providing practice management tools, clinical collaboration, and strategic support for independent physicians to maintain autonomy while thriving in value-based care models. Operates as Privia Medical Group entities across multiple states serving over 1.6 million attributed lives.
• Privia Quality Network Physician-led Accountable Care Organization (ACO) network enabling providers to participate in Medicare Shared Savings Program and other value-based care arrangements. Privia ACOs delivered $233+ million in total savings in the 2024 MSSP performance year, with average annual expenditures 8% lower than the median MSSP ACO.
• Privia+ (Scribe / Coder) Virtual scribe and medical coding service designed to reduce physician administrative burden and burnout by assisting with documentation during patient encounters.
• Telehealth / Virtual Care 24/7 virtual visit platform enabling patients to connect with providers remotely, integrated with patient portal for convenient access to on-demand care. 97% of elderly patients reported positive telehealth experiences.
• Revenue Cycle Management Comprehensive billing, coding, and revenue cycle services helping practices optimize financial performance and reduce administrative burden. Recognized with the 2026 HFMA MAP Award for High Performance in Revenue Cycle.
• Care Management Population health management and care coordination services helping providers manage chronic conditions, close care gaps, and improve patient outcomes through analytics and AI-driven workflows.
• Privia Care Partners Partnership program for MSSP (Medicare Shared Savings Program) participation, providing infrastructure and analytics for value-based care delivery.
• Privia Women's Health Specialized women's health program providing resources and support for OB-GYN and women's health providers within the Privia network.
• Privia Pediatrics Pediatric-focused program supporting independent pediatrics practices with clinical informatics, practice management, and value-based care transition.
• myPrivia Patient Portal Patient-facing digital platform enabling patients to message doctors, access virtual care, receive appointment reminders, refill prescriptions, and manage their healthcare.
• PriviaConnect (Physician Portal) Provider-facing portal for physicians to access patient records, manage schedules, and coordinate care across the Privia network.

Quantifiable outcome

• Delivered $233+ million in total savings in 2024 MSSP performance year, a 32% year-over-year increase
• +5 more outcomes

Named customers6 records

Segments5 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability8 records

Feature4 records

Partnerships

Six partnerships are on record, tiered core.

• Neurology Group of Bergen County (NGBC)coreStrategic or Co-development Partner · 27 May 2026NGBC, a neurology practice founded in 1973 with 25 clinicians in Ridgewood, New Jersey, partnered with Privia Health as anchor practice for Privia Medical Group—New Jersey. The partnership aims to expand access to high-quality neurological care while preserving NGBC's independent culture built over 50 years. Cross Keys Capital served as exclusive financial advisor to NGBC in the transaction. Implementation expected by year-end 2026.
• Evolent HealthcoreStrategic or Co-development Partner · 23 September 2025Acquisition of Evolent Health's Accountable Care Organization (ACO) business caring for over 120,000 attributed lives. Transaction valued at up to $113 million including performance-based payouts, expected to positively impact EBITDA in 2026. Closed December 5, 2025.
• Exact Sciences Corp.coreStrategic or Co-development Partner · 1 January 2024Collaboration on colorectal cancer screening program achieving 84% screening rate in 2024, exceeding National Colorectal Cancer Roundtable's 80% goal. The program used EHR-integrated workflows and automated patient outreach to engage over 100,000 patients nationally, process approximately 23,000 screening orders within 48 hours, and identified 550+ patients with positive results.
• Amalgam Rx, Inc.coreTechnology or Integration · 1 January 2024Healthcare technology collaboration for EHR-integrated colorectal cancer screening program. Amalgam Rx provided the technology integration enabling automated patient identification, engagement, and follow-up at scale through electronic health records.
• Novant Health EnterprisescoreStrategic or Co-development Partner · 3 November 2022Strategic partnership formed November 2022 for collaborative healthcare delivery. Novant Health is a prominent health system in the Southeast United States.
• OhioHealthcoreStrategic or Co-development Partner · 7 September 2022Partnership announced September 2022 with OhioHealth, a major health system in Ohio, for collaborative care delivery and physician alignment initiatives.

Scale indicators10 records

Recent moves10 records

Expansion highlights5 records

Direct peers

• Aledade: Privately held physician enablement company focused on helping independent PCPs succeed in MSSP and other VBC programs—direct competitor for the same anchor-practice pipeline.
• VillageMD (Walgreens Boots Alliance): VBC-focused primary care platform with co-located clinics at Walgreens—competes with Privia for value-based primary care lives and physician group partnerships.
• agilon health: Public VBC enablement company that partners with primary care physicians in value-based Medicare contracts—directly comparable to Privia's physician enablement and ACO model.
• Oak Street Health (CVS Health): VBC primary care platform serving seniors, now owned by CVS Health—direct competitor in the senior-focused VBC market that Privia is scaling into via MSSP and MA.
• Astrana Health (formerly Apollo Medical Holdings): Physician-centric, value-based care organization managing ACOs and delegated risk arrangements for seniors—closely aligned with Privia Quality Network and Privia Medical Group.

Broad incumbents

• Optum (UnitedHealth Group): Largest healthcare services and physician enablement platform in the U.S., with national VBC and ACO reach—a dominant incumbent competing in essentially every market Privia enters.
• Evolent Health: Specialty care and ACO enablement company that just sold its ACO business to Privia—overlapping VBC and payer-services footprint, with broader specialty care management scope.

Emerging players

• Cano Health: VBC primary care provider for seniors with a clinic-and-physician model comparable to Privia's medical groups; illustrates execution and capital risks in the senior VBC category.
• P3 Health Partners: VBC primary care group serving Medicare Advantage populations, with a physician partnership model similar to Privia's—smaller scale and earlier stage, but operating in overlapping geographies.
• One Medical (Amazon Health Services): Membership-based primary care platform with strong VBC and commercial components—overlaps with Privia's tech-enabled, patient-experience-focused primary care model.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/PriviaHealth
• Facebookfacebook.com/PriviaInc
• LinkedInlinkedin.com/company/privia-health

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles20 records

Subsidiaries4 records

Funding overview

Funding rounds5 records

Investors8 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A2 records

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Privia Health