Privia Health Group, Inc. · NASDAQ:PRVA
Privia Health — Investor Presentation (August 2021)
33 slides from Privia Health's investor presentation, Aug 16, 2021
Slide 1: Investor Presentation August 2021
PROPRIETARY AND CONFIDENTIAL Investor Presentation August 2021 Empowering Physicians TRANSFORMING HEALTHCARE
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: 2021 financial guidance and oth
Slide 3: Our Mission and Vision
3 WE KNOW doctors. WE ENABLE better outcomes. TOGETHER we move markets. OUR MISSION Transform healthcare to enable doctors and their teams to focus on keeping people healthy WHO WE ARE National physician platform transforming the healthcare delivery experience WHAT WE DO Provide tailored solutions f
Slide 4: Privia Health: Investment Highlights
4 Privia Health: Investment Highlights Proven and Scalable for All Provider Types, Patients & Reimbursement Models Multiple Drivers for Future Growth with a Large TAM Comprehensive Technology Solution Built for Providers Profitable, Capital-Efficient Profile Aligned with Provider Financial Success w
Slide 5: Moving Markets Toward Value-Based Care At Scale
5 Moving Markets Toward Value-Based Care At Scale Enter Market Align with anchor medical groups and health systems to transition markets to value-based care Organize Providers Form high performance medical groups Develop network of leading primary care providers and specialists Drive Improveme
Slide 6: Building a National Footprint
6 Building a National Footprint Privia Timeline Mid-Atlantic Tennessee Georgia Florida North Texas Gulf Coast Texas Launched Mid-Atlantic Market Launched Women’s Health Platform Launched Tennessee Market & Privia Pediatrics Platform Launched North Texas Market Launched Georgia & South Texas Markets
Slide 7: Significant Whitespace Exists Across Our End Markets
7 Significant Whitespace Exists Across Our End Markets Source: Kaiser Family Foundation, Nephron Research. “The Dawn of Physician Enablement: Defining Healthcare in the 2020s.” January 20, 2021. Statista. The Privia Solution Addresses a Large Market Ripe for Disruption With Significant Opportunity f
Slide 8: Proven, Scalable and Flexible Operating Model
8 Proven, Scalable and Flexible Operating Model • Single-TIN Medical Group in each local market – a primary care centric delivery network in each market • Management services and clinical organization enabled by the Privia Technology Solution • Market specific strategies — Accountable Care Organizat
Slide 9: Differentiated Model Organizes Cost-Efficient Provider Networks
9 Differentiated Model Organizes Cost-Efficient Provider Networks Primary care centric single-TIN Medical Group; Medical Group governance structure allows providers to build a clinical culture adapting to consumers’ and a region’s unique needs Cutting-edge, interoperable technology platform designed
Slide 10: Our New Flexible Model for VBC: Privia Care Partners
10 Our New Flexible Model for VBC: Privia Care Partners 2. Technology and Population Health 1. Single-TIN Medical Group 3. Management Services Organization 4. Accountable Care Organization 5. Network for Purchasers and Payers Privia Medical Group Privia Care Partners - Lighter Version (No Change
Slide 11: Physician Enablement Landscape
11 Physician Enablement Landscape Clinic Models Employment / Buyout Single TIN / Integrated MSO / ACO IPA / ACOs / CINs Independents Government (Medicare / MA / Medicaid) Health Systems PE Firms Health Systems (Care Partners) Standalone IPAs / ACOs / CINs Commercial & Government Urgent Care Independ
Slide 12: Tech-Driven Physician Enablement Platform At Scale
12 Tech-Driven Physician Enablement Platform At Scale 3M+ Patients 80M+ Addressable Population (Current Markets) 95% Average Provider Retention 85 Patient NPS 58 Provider NPS Patient Population Satisfaction Scale 2,692 Implemented Providers 6 + D.C. States 700+ Care Center Locations $1.3B+ 2020 Prac
Slide 13: Differentiated Value-Based Care (VBC) Opportunity
13 Differentiated Value-Based Care (VBC) Opportunity • VBC participation across Commercial, Medicare Advantage, Medicare & Medicaid • Significant opportunity to move attributed lives into full-risk arrangements over time • Interests aligned with provider groups sharing upside/downside risk with Priv
Slide 14: Methodical Process Helps Providers Move Towards Value
14 Methodical Process Helps Providers Move Towards Value
Slide 15: Proprietary, End-to-End Tech Solution Enables Providers
15 Proprietary, End-to-End Tech Solution Enables Providers to Practice More Efficiently and Focus on Patient Care Proprietary end-to-end, cloud-based technology solution enabling scalable operations across providers and multiple markets Enhances workflows in both fee-for-service and value-based care
Slide 16: The Privia Technology Solution Creates an Integrated Experience
16 The Privia Technology Solution Creates an Integrated Experience for Providers and Patients Old Way The Privia Way Privia manages complexity to create a unified workflow and experience for providers, staff, and patients Confusion and disorganization as a result of an onslaught of information from
Slide 17: Delivering Demonstrable Value to Our Providers
17 Delivering Demonstrable Value to Our Providers Fee-for-Service Rate Lift Expense Savings on EMR / PMS & Group Purchasing Net Realization Rate Improvement Through Robust Revenue Cycle Management Enhanced Provider Productivity & Same- Store Patient Volume Value-Based Care Revenue: Commercial, MSSP,
Slide 18: Positioned to Monetize Our Platform and Drive Growth
18 Positioned to Monetize Our Platform and Drive Growth — Same store growth of patients attributed to value based contracts — Moving existing attribution into full risk value based programs, such as direct contracting and fully capitated contracts — Develop new products with aligned payers — Add pri
Slide 19: Case Study: Driving Performance for Physician Group A
19 Case Study: Driving Performance for Physician Group “A” Partnership1 1 From 2014 to 2020.
Slide 20: Case Study: Driving Growth in Our Mid-Atlantic Market
20 Case Study: Driving Growth in Our Mid-Atlantic Market 1 From 2014 to 2020 except where specified. 2 Cohort of 76 Mid-Atlantic primary care providers who have been a part of Privia for at least five years.
Slide 21: Case Study: Establishing an Anchor Partnership with Health System A
21 Case Study: Establishing an Anchor Partnership in a New Market with Health System “A” and Driving Growth
Slide 22: Privia Health: Economic Model
22 Privia Health: Economic Model 1 1 2 3 4 4 Practice Collections Collections from Non- Owned Medical Groups GAAP Revenue Physician and Practice Expense Care Margin Cost of Platform Platform Contribution Sales and Marketing G&A Adjusted EBITDA 1 Practice Collections: FFS collections and VBC payments
Slide 23: The Privia Platform is Scaling Rapidly
23 The Privia Platform is Scaling Rapidly * Q2 2021 period ended June 30, 2021 as reported on August 9, 2021.
Slide 24: Improving Margins Over Time
24 Improving Margins Over Time % Practice Collections 6% 6% 6% % Care Margin 44% 42% 44% % Practice Collections 1% 2% 2% % Care Margin 7% 11% 16%
Slide 25: 2Q'21 Performance
25 2Q’21 Performance Implemented Providers (as of end of period) Attributed Lives (‘000s, as of end of period)1 Platform Contribution ($mm)Care Margin ($mm) Practice Collections ($mm) % Practice Collections 6.2% 6.3% % Care Margin 41.7% 41.4% Adjusted EBITDA ($mm) 1 Darker bars represent government
Slide 26: 1H'21 Performance
26 1H’21 Performance Platform Contribution ($mm) Care Margin ($mm)Practice Collections ($mm) % Practice Collections 6.2% 6.8% % Care Margin 42.1% 45.0% Adjusted EBITDA ($mm) Note: Any slight variations in percentage calculations due to rounding. For reconciliations of Care Margin to Operating Income
Slide 27: Privia Health: Investment Highlights
27 Privia Health: Investment Highlights Proven and Scalable for All Provider Types, Patients & Reimbursement Models Multiple Drivers for Future Growth with a Large TAM Comprehensive Technology Solution Built for Providers Profitable, Capital-Efficient Profile Aligned with Provider Financial Success
Slide 28: Appendix
— ar, APPENDIX
Slide 29: Reconciliation of Operating (Loss) Income to Care Margin
29 Reconciliation of Operating (Loss) Income to Care Margin1 (1) Care Margin is total revenue less the sum of physician and practice expense.
Slide 30: Reconciliation of Operating (Loss) Income to Platform Contribution
30 Reconciliation of Operating (Loss) Income to Platform Contribution2 (2) Platform Contribution is total revenue less the sum of physician and practice expense and cost of platform. (5) Amount represents stock-based compensation expense included under Cost of Platform..
Slide 31: Reconciliation of Net (Loss) Income to Adjusted EBITDA
31 Reconciliation of Net (Loss) Income to Adjusted EBITDA3 (3) Adjusted EBITDA is net income (loss) attributable to Privia Health Group, Inc. shareholders and subsidiaries excluding minority interests, provision (benefit) for income taxes, interest income, interest expense, depreciation and amortiza
Slide 32: Reconciliation of Net (Loss) Income to Adjusted Net Income Per Share
32 Reconciliation of Net (Loss) Income to Adjusted Net Income Per Share
Slide 33: Thank You
33 Thank You PriviaHealth.com Contact: Robert P. Borchert SVP, Investor & Corporate Communications robert.borchert@priviahealth.com Phone: 817.783.4841
Privia Health Group — Investor Presentation (August 2021) on 6ix