Business
Privia Health and Novant Health Enterprises Form Strategic Partnership
ARLINGTON, Va. and WINSTON-SALEM, N.C., Nov. 03, 2022 (GLOBE NEWSWIRE) -- Privia Health (Nasdaq: PRVA) today announced a joint venture and strategic
About this update from Privia Health Group, Inc.
[{"type":"text","content":"ARLINGTON, Va. and WINSTON-SALEM, N.C., Nov. 03, 2022 (GLOBE NEWSWIRE) -- Privia Health (Nasdaq: PRVA) today announced a joint venture and strategic partnership with Novant Health Enterprises, a division of Novant Health, a nationally recognized not-for-profit health system, to launch Privia Medical Group – North Carolina to bring support and resources to independent providers throughout the state. This joint venture is expected to support the transition to value-based care through a clinically integrated network (CIN) model, providing a new alternative for community physicians and provider groups. “The Novant Health Medical Group has set the standard for unparalleled patient experience paired with high quality, affordable health care for our patients,” said Carl S. Armato, president and CEO of Novant Health. “Our partnership with Privia Health is the next evolution of our commitment, expanding on our value-based approach to population health through a top-tier independent primary care network across North Carolina and beyond. Novant Health is committed to providing options that best meet the needs of our physician partners.” Privia Health CEO Shawn Morris added, “We are excited to align with Novant Health Enterprises as a strategic partner in their long-term independent provider strategy across North Carolina. We look forward to working in partnership with Novant Health Enterprises to leverage the capabilities of our Privia Platform and physician-led organizational structure. This will provide the technology, analytics and services expertise to optimize practice operations, enhance physician wellbeing, and offer more time for physicians to care for and deliver an ideal patient experience.” New providers joining Privia Medical Group – North Carolina will have access to the Privia Platform, including a breadth of interoperable solutions and population health expertise to reduce administrative burden, enable care insights and collaboration. About Novant Health Novant Health is an integrated network of hospitals, physician clinics and outpatient facilities that delivers a seamless and convenient healthcare experience to communities in North Carolina, South Carolina, and Georgia. The Novant Health network consists of more than 1,800 physicians and over 35,000 team members who provide care at more than 800 locations, including 15 hos...