PRVA PRIVIA HEALTH GROUP INC

Privia Health Enters Connecticut with Community Medical Group, a Clinically Integrated Network with approximately 1,100 Providers

Privia Health Enters Connecticut with Community Medical Group, a Clinically Integrated Network with approximately 1,100 Providers

ARLINGTON, Va., Feb. 17, 2023 (GLOBE NEWSWIRE) -- Privia Health (Nasdaq: PRVA), today announced its partnership with Community Medical Group (CMG) to launch Privia Quality Network of Connecticut (PQN CT) as the largest Clinically Integrated Network (CIN) in Connecticut. The CIN comprises approximately 1,100 multi-specialty providers, including more than 430 primary care providers, caring for patients in over 450 practice locations.

Privia Health will be the majority owner of PQN CT, which contracts with Commercial and Medicare payers covering approximately 180,000 patient lives attributed to value-based care arrangements. PQN CT’s total attribution includes approximately 29,000 Medicare beneficiaries, of which over 10,000 are participating in the Medicare Shared Savings Program (MSSP) for the 2023 performance year.

“CMG is the largest independent physician network in Connecticut, and has a stellar reputation for delivering high-quality patient care while managing total medical costs through its network of primary care and specialist providers,” said Privia Health CEO Shawn Morris. “Our partnership with CMG to form PQN CT represents another significant step toward Privia’s goal of building a national network of primary and specialty care providers, and we are excited to continue to expand their presence across the state. This partnership reaffirms Privia Health’s ability to replicate our highly differentiated and flexible operating model with new anchor partners across the U.S.”

Joseph Quaranta, MD, Community Medical Group President and now President, Privia Quality Network of Connecticut added, “We look forward to a highly collaborative partnership with Privia Health to support our current and future provider partners by leveraging their population health expertise and the value of a common Privia Platform to enhance patient experience, improve outcomes and lower costs. Our partnership will also enable us to reduce administrative burdens and strengthen practice vitality as we work together to expand across the state.”

All current and future CMG providers will access all fee-for-service and value-based care payer contracts through PQN CT, and have the option to implement and leverage Privia’s technology and services platform.

Privia Health is providing an alternative to Connecticut physicians that desire to remain independent while caring for patients across all reimbursement models. The Privia Platform leverages its data connectivity through a breadth of interoperable solutions and population health expertise to enable care insights and collaboration.

About Privia Health

Privia Health™ is a technology-driven, national physician enablement company that collaborates with medical groups, health plans, and health systems to optimize physician practices, improve patient experiences, and reward doctors for delivering high-value care in both in-person and virtual settings. The Privia Platform is led by top industry talent and exceptional physician leadership, and consists of scalable operations and end-to-end, cloud-based technology that reduces unnecessary healthcare costs, achieves better outcomes, and improves the health of patients and the well-being of providers. For more information, visit .

Contact

Robert Borchert

SVP, Investor & Corporate Communications



817.783.4841



EN
17/02/2023

Underlying

To request access to management, click here to engage with our
partner Phoenix-IR's CorporateAccessNetwork.com

Reports on PRIVIA HEALTH GROUP INC

 PRESS RELEASE

Privia Health Reports First Quarter 2025 Financial Results

Privia Health Reports First Quarter 2025 Financial Results Strong First Quarter Performance and Operating ExecutionEnters the State of ArizonaFull-Year 2025 Outlook Raised to Mid- to High End of Guidance Ranges for All Metrics with Attributed Lives Unchanged ARLINGTON, Va., May 08, 2025 (GLOBE NEWSWIRE) -- Privia Health Group, Inc. (Nasdaq: PRVA) today announced financial results for the first quarter ended March 31, 2025.   Three Months Ended March 31,  ($ in millions, except per share amounts) 2025 2024 Change (%)*       Total revenue $480.1 $415.2 15.6%Gross profit $103.6 $93.4 11.0%O...

 PRESS RELEASE

Privia Health Enters Arizona In Partnership with Integrated Medical Se...

Privia Health Enters Arizona In Partnership with Integrated Medical Services IMS is One of the Largest Independent Multi-Specialty Practices in the State Arizona Represents 15th State in National Primary Care-Centric Care Delivery Network ARLINGTON, Va., April 09, 2025 (GLOBE NEWSWIRE) -- Privia Health Group, Inc. (Nasdaq: PRVA) announced it has signed a definitive agreement to enter Arizona in partnership with Integrated Medical Services, Inc. (IMS), one of the largest independent multi-specialty practices in the state, with approximately 70 physicians and advanced practice providers c...

 PRESS RELEASE

Privia Health to Report First Quarter 2025 Results on Thursday, May 8

Privia Health to Report First Quarter 2025 Results on Thursday, May 8 ARLINGTON, Va., April 08, 2025 (GLOBE NEWSWIRE) -- Privia Health Group, Inc. (Nasdaq: PRVA) today announced that it expects to release financial results for its first quarter ended March 31, 2025 before market open on Thursday, May 8, 2025. The press release is expected to be publicly disseminated by 7:00 am ET and will also be available on the Company’s Investor Relations website at . Privia Health management will host a conference call beginning at 8:00 am ET on the same day, Thursday, May 8, to discuss the results...

Dave Nicoski ... (+2)
  • Dave Nicoski
  • Ross LaDuke

Vital Signs: Actionable charts

In this product we rank the most positive and negative domestic stocks, filter the symbols bymarket-cap and trading volume, and then divide the companies into sectors and groups. We then manually look through charts leadership/changes, bottoms-up/top-down ideas, short-term patterns that may have long-term significance, etc. We believe you will find this product valuable as significant price and relative moves begin in the daily charts.

 PRESS RELEASE

Privia Health Reports Fourth Quarter and Full-Year 2024 Financial Resu...

Privia Health Reports Fourth Quarter and Full-Year 2024 Financial Results All 2024 Operating and Financial Metrics Above High End of Guidance RangesVery strong New Provider Signings with Implemented Providers +11.2% from Year-end 2023Full-year 2024 Net Cash Provided by Operating Activities of $109.3 million, +35.3% from 2023, with De Minimis Capital ExpendituresYear-end 2024 Cash Balance of $491.1 million and No Debt2025 Guidance Reflects Continued Momentum and Profitable Growth Despite Challenging Medicare Advantage and Value-based Environment ARLINGTON, Va., Feb. 27, 2025 (GLOBE NEWSWI...

ResearchPool Subscriptions

Get the most out of your insights

Get in touch