Privia Health Group, Inc. · NASDAQ:PRVA
Privia Health — J.P. Morgan 2025 Healthcare Conference
21 slides from Privia Health's conference presentation, Jan 13, 2025
Slide 1: J.P. Morgan 2025 Healthcare Conference Investor Presentation
J.P. Morgan 2025 Healthcare Conference January 2025 Investor Presentation
Slide 2: Forward-Looking Statements
Forward-Looking Statements This presentation contains forward-looking statements that express the Company’s opinions, expectations, beliefs, plans, objectives, assumptions or projections regarding future events or future results that include, but are not limited to: 2024 financial guidance and other
Slide 3: Building One of the Largest Primary Care Centric Delivery Networks
3 *Includes Privia Care Partners’ lives | **Excludes Privia Care Partners’ providers *** Average Over the Last 3 years 14 States Plus D.C. 50+ Specialties 1,170+ Care Center Locations 5.1M+ Patients 1.2M+ Attributed Lives* 4,642 Implemented Providers** 98% Gross Provider Retention*** 85 Patient NPS
Slide 4: Proven, Full Solution Physician Alignment Model
Proven, Full Solution Physician Alignment Model 4
Slide 5: Consistent, Replicable Strategy Across all Geographies
Consistent, Replicable Strategy Across all Geographies 5 Enter Market Organize Providers ● Community physicians ● Health systems ● Clinically Integrated Networks (CINs) ● Independent Physician Associations (IPAs) ● Other facility-based providers Drive Growth & Profitability ● Fee-For-Service (FFS) &
Slide 6: Delivering Tangible Value to Providers and Payers
Delivering Tangible Value to Providers and Payers 6 Value to Providers Value to Payers ● Enhanced fee-for-service contracts ● Expense savings ● Collections improvement through robust revenue cycle management ● Enhanced provider productivity ● Incremental value-based care revenue ● Organic same store
Slide 7: Methodical Process Helps Providers Move Towards Value
7 Methodical Process Helps Providers Move Towards Value PRACTICE FUNDAMENTALS Stabilize the practice to create a successful base ENHANCED EXPERIENCE Upgrade the patient experience FUNDAMENTALS OF VALUE Execute on fundamentals of value-based care COMPREHENSIVE CARE Take greater responsibility for the
Slide 8: Comprehensive Tech and Services Platform for All Providers
8 Comprehensive Tech and Services Platform for All Providers Holistic solution eliminates need for providers to buy & integrate 30+ point solutions Significantly reduces administrative burden on providers, enabling them to focus on patient care
Slide 9: Diversified Value-Based Platform
Diversified Value-Based Platform 1 9 100+ VBC Contracts 1.2+ Million Total Attributed Lives 478K Government Lives 770K Commercial Lives 185K Medicare Advantage Lives 191K MSSP Lives 102K Medicaid Lives • 76% in Enhanced Track - Downside • 77% Upside Only • 14% Upside / Downside • 9% Capitation • 65%
Slide 10: Extensive Experience in Managing Risk
Extensive Experience in Managing Risk ”It’s Called Risk for a Reason” 101 All data estimated as of January 1, 2024. For illustrative purposes only.
Slide 11: Proven Unit Economics at Scale
11 Proven Unit Economics at Scale 38% Decline 32% Increase 115 % In crease 54% Decline
Slide 12: Consistent Growth & Performance Across Cycles
Consistent Growth & Performance Across Cycles 12 2018A 2019A 2020A 2021A 2022A 2023A 2024 Guidance (High End) 1 CAGR Number of States (Year End) 4 5 6 7 9 13 14 23.2% Implemented Providers (Year End) 1,796 2,482 2,550 3,317 3,606 4,305 4,750 17.6% Attributed Lives ('000s, Year End) 575 704 682 786 8
Slide 13: Strong Balance Sheet and Capital Position
Strong Balance Sheet and Capital Position 13 (In millions) At 9.30.24 2 At 12.31.23 Cash and cash equivalents Net cash received: MSSP shared savings less provider distribution Net cash position 2 $422.0 $389.5 51.5 -- $473.5 $389.5 1 YTD pro forma Free Cash Flow is defined as Net cash provided by op
Slide 14: FY'24 Guidance Reaffirmed: January 13, 2025
FY’24 Guidance Reaffirmed: January 13, 2025 1 14 ($ in millions) Initial FY’24 Guidance at 2.27.24 Current FY’24 Guidance Low High Implemented Providers Attributed Lives Practice Collections GAAP Revenue Care Margin Platform Contribution Adjusted EBITDA 4,650 4,750 1,200,000 $ 2,875 $ 1,675 $ 400 $
Slide 15: Appendix
15 Appendix
Slide 16: 3Q'24 Performance
3Q’24 Performance 1 16 1 Light blue bar represents government lives and dark blue bar represents commercial lives. Any slight variations in calculations due to rounding. For reconciliations of Care Margin to Gross Profit, Platform Contribution to Gross Profit, and Adjusted EBITDA to Net Income, plea
Slide 17: YTD'24 Performance
YTD’24 Performance 1 17 Platform Contribution ($mm) Care Margin ($mm)Practice Collections ($B) % Practice Collections 6.3% 6.5% % Care Margin 49.0% 48.1% Adjusted EBITDA ($mm) % Practice Collections 2.6% 3.0% % Care Margin 20.5% 22.1% +4.5% +10.6% +8.5% +19.3% 1 Any slight variations in calculations
Slide 18: Reconciliation of Gross Profit to Care Margin
Reconciliation of Gross Profit to Care Margin l 18
Slide 19: Reconciliation of Gross Profit to Platform Contribution
Reconciliation of Gross Profit to Platform Contribution m 19
Slide 20: Reconciliation of Net Income to Adjusted EBITDA
Reconciliation of Net Income to Adjusted EBITDA n 20
Slide 21: Reconciliation of Net Income to Adjusted Net Income Per Share
Reconciliation of Net Income to Adjusted Net Income Per Share o 21
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