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Privia Health ACOs Delivered $233+ Million in Total Savings in the 2024 Performance Year of Medicare Shared Savings Program, a 32% Year-over-Year Increase
– Mid-Atlantic ACO Realized Highest Savings Rate of All ACOs with 40,000+ Attributed Lives – Company Increases Adjusted EBITDA Guidance for Full-Year 2025
About this update from Privia Health Group, Inc.
[{"type":"text","content":"– Mid-Atlantic ACO Realized Highest Savings Rate of All ACOs with 40,000+ Attributed Lives – Company Increases Adjusted EBITDA Guidance for Full-Year 2025 ARLINGTON, Va., Aug. 28, 2025 (GLOBE NEWSWIRE) -- Privia Health Group, Inc. (Nasdaq: PRVA) today announced that its Accountable Care Organizations (ACOs) achieved shared savings of $233.1 million through the Medicare Shared Savings Program (MSSP) for the 2024 performance year, a 32% increase from 2023. The nine ACOs (collectively, Privia Quality Network or PQN) managed over $2.5 billion in healthcare benchmark spend through approximately 3,280 providers delivering high-value, cost-efficient care to approximately 194,700 Medicare beneficiaries in 2024. \"Our strong performance in the 2024 Medicare Shared Savings Program underscores the effectiveness of our physician-led approach,\" stated Dr. Bartley Bryt, Chief Medical Officer. \"By putting physicians in the driver’s seat and equipping them with essential tools and technology, we are effectively managing the total cost of care, leading to improved outcomes for nearly 195,000 Medicare beneficiaries and significant shared savings.\" Dr. Bryt further elaborated, \"This success also highlights the value of data-driven tools and strategic tactics for our physician partners. Empowering doctors and aligning incentives creates a win-win-win situation: better results for patients, the healthcare system, and the physicians providing care in our communities.\" Privia Quality Network’s MSSP performance highlights for 2024: Earned savings for all nine ACOs and delivered an aggregate savings rate of 9.3%Its Mid-Atlantic ACO realized the highest savings rate (10.6%) compared with all ACOs with more than 40,000 attributed lives participating in the MSSPAchieved beneficiary expenditures 8% lower than median ACO and 22% below fee-for-service MedicareDelivered inpatient facility spend 13% lower than median ACO and 28% lower than fee-for-service MedicareAchieved outpatient facility spend 23% lower than median ACO and 35% lower than fee-for-service MedicareRealized emergency department visits 17% lower than median ACO and 25% below fee-for-service MedicareAchieved an aggregate quality score of 89%Three out of nine ACOs had greater than 50% year-over-year growth in earned savings per patient Privia Quality Network supports physician practices and m...