Privia Health

Privia Health

Transforms healthcare delivery for providers and consumers

About Privia Health

Simplify's Rating
Why Privia Health is rated
B-
Rated C on Competitive Edge
Rated B on Growth Potential
Rated B on Rating Differentiation

Industries

Healthcare

Company Size

1,001-5,000

Company Stage

IPO

Headquarters

Alexandria, Virginia

Founded

2007

Overview

Privia Health focuses on improving the healthcare delivery experience for both providers and patients. The company partners with health plans, health systems, and employers to align reimbursements with quality and performance, aiming to reduce unnecessary healthcare costs and enhance patient health outcomes. Privia Health operates through a platform that includes skilled professionals, leadership development for physicians, and proprietary technology to create efficient systems. This approach allows them to develop physician groups that perform at a high level, which in turn supports their expansion strategies. Unlike many competitors, Privia Health emphasizes reducing administrative burdens for healthcare providers, enabling them to concentrate on patient care while maintaining their independence and competitiveness. The ultimate goal of Privia Health is to transform healthcare delivery by fostering better outcomes and improving the overall experience for both providers and consumers.

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Simplify's Take

What believers are saying

  • Privia Health's expansion into Arizona offers new opportunities for independent providers.
  • Collaboration with Bamboo Health improved patient outcomes and reduced hospital readmissions.
  • Partnership with NuvoAir Medical enhances access to high-quality cardiopulmonary care in Georgia.

What critics are saying

  • Increased competition from virtual-first care models challenges Privia Health's traditional approach.
  • Lack of real-time data in care coordination suggests potential inefficiencies in data management.
  • Recent executive changes may lead to strategic shifts or disruptions in company operations.

What makes Privia Health unique

  • Privia Health focuses on aligning reimbursements to quality, outcomes, and performance.
  • The company partners with health plans and employers to reduce unnecessary healthcare costs.
  • Privia Health empowers doctors by reducing administrative burdens and maintaining their autonomy.

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Funding

Total Funding

$723.2M

Above

Industry Average

Funded Over

5 Rounds

Post IPO Equity funding comparison data is currently unavailable. We're working to provide this information soon!
Post IPO Equity Funding Comparison
Coming Soon

Benefits

Health Insurance

Dental Insurance

Vision Insurance

Life Insurance

401(k) Retirement Plan

Paid Vacation

Wellness Program

Performance Bonus

Growth & Insights and Company News

Headcount

6 month growth

0%

1 year growth

0%

2 year growth

0%
The Manila Times
Apr 9th, 2025
Privia Health Enters Arizona In Partnership with Integrated Medical Services

With this transaction, Privia Health launches Privia Medical Group-Arizona, providing a compelling new alternative for independent providers across the state to care for all patients regardless of the reimbursement model.

Defense World
Mar 11th, 2025
Proficio Capital Partners LLC Invests $464,000 in Privia Health Group, Inc. (NASDAQ:PRVA)

Proficio Capital Partners LLC invests $464,000 in Privia Health Group, Inc. (NASDAQ:PRVA).

HR Tech Wire
Jan 16th, 2025
2024 in Review: Bamboo Health Celebrates Innovations and Achievements & Looks to 2025

Humana and Privia Medical Group (PMG)-Georgia collaborated with Bamboo Health to identify and close gaps in care for patients enrolled in Medicare Advantage plans, resulting in improved patient outcomes, reduced risk of hospital readmissions, lowered the cost of care and improved CMS Star Ratings.

Stock Titan
Jun 25th, 2024
Privia Receives HFMA's MAP Award for High Performance in Revenue Cycle for Performance Year 2023

Privia Health Group announced that Privia Medical Group received the 2024 MAP Award for High Performance in Revenue Cycle from the Healthcare Financial Management Association (HFMA).

Business Wire
May 16th, 2024
Humana Privia Medical Group–Georgia Partner With Bamboo Health To Earn Klas Research Points Of Light Award

LOUISVILLE, Ky. BOSTON--(BUSINESS WIRE)--Lack of real-time data can present serious barriers to care coordination for patients after they leave the hospital. That challenge was the motivation for an innovative collaboration between Bamboo Health™, the leader in Real-Time Care Intelligence™, Humana and Privia Medical Group (PMG)–Georgia to bridge care gaps for patients enrolled in Medicare Advantage plans. The program was one of only 22 presentations selected for a Points of Light Award on May 14 at the 2024 K2 Collaborative Summit, a KLAS Research conference for health plans, providers and industry leaders. "At Humana, we are dedicated to delivering personalized, high-quality care experiences for our members," said John Cope, Director of Stars Technology at Humana. "Partnering with Bamboo Health and Privia in Georgia has enabled us to leverage cutting-edge technology to optimize care coordination and support our members' healthcare journeys

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