Privia Health Group, Inc. · NASDAQ:PRVA
Privia Health — J.P. Morgan Healthcare Conference 2024
21 slides from Privia Health's conference presentation, Jan 8, 2024
Slide 1: Investor Presentation J.P. Morgan Healthcare Conference
1 Investor Presentation J.P. Morgan Healthcare Conference January 8, 2024
Slide 2: Forward-Looking Statements
2 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: 2023 financial guidance and oth
Slide 3: Privia Health: Unique Physician Alignment Model
3 Privia Health: Unique Physician Alignment Model Proven, Full Solution Model with Experienced Executive and Physician Leaders Scalable Nationally for All Provider Types, Patients & Reimbursement Models Multiple Growth Drivers with Large Total Addressable Market (TAM) Highly Profitable, Capital-Effi
Slide 4: Access to Largest Total Addressable Market Opportunity
4 Access to Largest Total Addressable Market Opportunity Privia Succeeds Across Reimbursement Environments and Payment Models Sources: Privia Health. Kaiser Family Foundation, Nephron Research. “The Dawn of Physician Enablement: Defining Healthcare in the 2020s.” January 20, 2021. Statista. ~$1.9 tr
Slide 5: Building One of the Largest Primary Care-Centric Delivery Networks
5 Building One of the Largest Primary Care-Centric Delivery Networks* 1,000+ Care Center Locations 4,105 Implemented Providers (Excludes Privia Care Partners’ providers) 14 States (plus D.C.) * All data as of September 30, 2023, except for the definitive agreement to enter South Carolina that was an
Slide 6: Consistent, Replicable Strategy Across all Geographies
6 Consistent, Replicable Strategy Across all Geographies Enter Market Single-TIN multi- specialty medical group or comparable entity Risk-bearing entity (Accountable Care Organization - ACO) / Privia Care Partners Privia tech & services platform Physician-led governance Organize Providers
Slide 7: Delivering Demonstrable Value to Our Providers and Payers
7 Enhanced fee-for-service contracts Delivering Demonstrable Value to Our Providers and Payers ✔ Large community-based, multi-specialty care delivery networks✔ Expense savings✔ Ability to perform across the spectrum of value-based care models “at-scale”✔ Collections improvement through robust revenu
Slide 8: Diversified Value-Based Platform Across Reimbursement Models
8 23% Diversified Value-Based Platform Across Reimbursement Models 1 100+ At-Risk Payer Contracts 1.09 Million Total Attributed Lives 420K Government Lives 675K Commercial Lives 149K Medicare Advantage Lives 198K MSSP & MDPCP Lives 72K Medicaid Lives 1 All data estimated as of September 30, 2023. An
Slide 9: Privia Has Extensive Experience in Managing Risk
9 Privia Has Extensive Experience in Managing Risk “It’s Called Risk for a Reason” Managing the Transition to Risk Profitably Diversification ✓ 100+ contracts across risk spectrum ✓ Contractual protections in each program Robust Oversight ✓ Audit / Compliance ✓ Healthcare economics / Actuarial exper
Slide 10: Comprehensive Tech and Services Platform for All Providers
10 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 11: Case Study: Mid-Atlantic
11 Case Study: Mid-Atlantic ➢ Established presence in Mid-Atlantic market in 2013 and drove rapid growth across platform ➢ Demonstrated power to enter market, expand provider density, and move to value based care Privia Growth1 ✓ ~590% growth in Implemented Providers ✓ ~190 to ~1,300 providers over
Slide 12: Case Study: Physician Group
12 Case Study: Physician Group ❑ Joined Privia in 2014 with these objectives: - Increase participation and improve performance in value based care programs - Implement a new provider compensation model - Hire new providers to offset retirement and attrition - Expand specialty capabilities, e.g. alle
Slide 13: The Privia Platform is Scaling Rapidly
13 The Privia Platform is Scaling Rapidly* Implemented Providers (as of year end) Attributed Lives (‘000s, as of year end) Platform Contribution ($mm)Care Margin ($mm) Practice Collections ($bn) Adjusted EBITDA ($mm) % Practice Collections 6% 6% 6% 7% 6% 6% % Care Margin 44% 42% 44% 45% 49% 49% 1% 2
Slide 14: Reiterated FY'23 Guidance
14 Reiterated FY’23 Guidance ($ in millions) Initial FY’23 Guidance at 2.28.23* Current FY’23 Guidance Low High Implemented Providers 4,050 4,150 Above High End Attributed Lives 1,050,000 1,150,000 Midpoint Practice Collections $ 2,700 $ 2,850 Midpoint GAAP Revenue $ 1,550 $ 1,650 Mid to High End Ca
Slide 15: Strong Balance Sheet and Capital Position
15 Strong Balance Sheet and Capital Position (In millions) At 9.30.23 * At 12.31.22 Cash and cash equivalents $ 330.4 $ 348.0 Net cash received: MSSP shared savings less provider distribution $ 40.7 -- Less: Debt -- -- Net cash position 2 $ 371.1 $ 348.0 1 YTD pro forma Free Cash Flow is defined as
Slide 16: Appendix
16 APPENDIX
Slide 17: Reconciliation of Gross Profit to Care Margin
17 Reconciliation of Gross Profit to Care Margin a
Slide 18: Reconciliation of Gross Profit to Platform Contribution
18 Reconciliation of Gross Profit to Platform Contribution a 5
Slide 19: Reconciliation of Net Income (Loss) to Adjusted EBITDA
19 Reconciliation of Net Income (Loss) to Adjusted EBITDA a 6
Slide 20: Reconciliation of Net Income (Loss) to Adjusted Net Income Per Share
20 Reconciliation of Net Income (Loss) to Adjusted Net Income Per Share a
Slide 21: Thank You!
21 Thank You! PriviaHealth.com Contact: Robert P. Borchert SVP, Investor & Corporate Communications robert.borchert@priviahealth.com Phone: 817.783.4841
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