Privia Health Group, Inc. · NASDAQ:PRVA
Privia Health — William Blair 44th Annual Growth Stock Conference 2024
25 slides from Privia Health's conference presentation, Jun 5, 2024
Slide 1: William Blair 44th Annual Growth Stock Conference
1 William Blair 44th Annual Growth Stock Conference June 5, 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: 2024 financial guidance and oth
Slide 3: Privia Health: Unique Physician Alignment Model
3 Privia Health: Unique Physician Alignment Model Scaled Platform All Specialties All Patients Multiple Growth Drivers Large Addressable Market Proven Unit Economics Highly Profitable Capital Efficient All Reimbursements Fee-for-Service Value-Based Care All Payers
Slide 4: Consistent, Replicable Strategy Across all Geographies
4 Consistent, Replicable Strategy Across all Geographies Enter Market Single-TIN medical group Risk-bearing entity Technology stack Services platform Physician-led governance Organize Providers Community physicians Health systems Clinically Integrated Networks (CINs) Independent Ph
Slide 5: Mid-Atlantic: 5x Implemented Provider Growth
5 Mid-Atlantic: 5x Implemented Provider Growth in 10 Years 20242014
Slide 6: Georgia: 13x Implemented Provider Growth
6 Georgia: 13x Implemented Provider Growth in 9 Years 20242015
Slide 7: Texas: 3x Implemented Provider Growth
7 Texas: 3x Implemented Provider Growth in 7 Years 20242016
Slide 8: Building One of the Largest Primary Care-Centric Delivery Networks
8 Building One of the Largest Primary Care-Centric Delivery Networks 1,100+ Care Center Locations 4,359 Implemented Providers (Excludes 1,350 Privia Care Partners’ providers) 13 States (plus D.C.) 4.9M+ Patients 1.14M Attributed Lives (Includes ~200K Privia Care Partners’ lives) Mid-Atlantic Tenness
Slide 9: Delivering Demonstrable Value to Our Providers and Payers
9 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 10: Case Study: Driving Performance for Physician Group Practice
10 Case Study: Driving Performance for Physician Group Practice Background: — 35 Providers - 24 MDs, 11 APPs — VBC Attribution: ~2,600 MSSP Lives and ~640 MA lives Privia Impact: — Focused approach to: (1) optimize operations, (2) grow providers, and (3) enhance profitability ● 180% increase in annu
Slide 11: Comprehensive Tech and Services Platform for All Providers
11 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 12: Methodical Process Helps Providers Move Towards Value
12 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 th
Slide 13: Diversified Value-Based Platform Across Reimbursement Models
13 Diversified Value-Based Platform Across Reimbursement Models 1 100+ VBC Contracts 1.14 Million Total Attributed Lives 458K Government Lives 685K Commercial Lives 171K Medicare Advantage Lives 197K MSSP Lives 90K Medicaid Lives 1 All data estimated as of March 31, 2024. Any slight variations in to
Slide 14: Privia Has Extensive Experience in Managing Risk
14 Privia Has Extensive Experience in Managing Risk “It’s Called Risk for a Reason” 1 All data estimated as of January 1, 2024. For illustrative purposes only.
Slide 15: Proven Unit Economics at Scale
15 Proven Unit Economics at Scale
Slide 16: Consistent Financial Performance
16 Consistent Financial Performance* 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% 48% 1% 2% 2% 3
Slide 17: Strong Balance Sheet and Capital Position
17 Strong Balance Sheet and Capital Position At 3.31.24 At 3.31.23 Cash and cash equivalents $ 351.1 $ 311.2 Less: Debt -- -- Net cash position $ 351.1 $ 311.2 ● $351.1M in net cash and no debt as of 3.31.24 ● $125M revolving loan facility available and undrawn as of 3.31.24 ● Expect ~80% of FY’24 A
Slide 18: Appendix
18 APPENDIX
Slide 19: 1Q'24 Performance
19 1Q’24 Performance 1 Implemented Providers (as of end of period) Attributed Lives (‘000s, as of end of period)1 Platform Contribution ($mm)Care Margin ($mm) Practice Collections ($mm) % Practice Collections 6.3% 6.1% % Care Margin 49.3% 47.2% Adjusted EBITDA ($mm) 1 Solid bar represents government
Slide 20: Privia Health: Economic Model
20 Privia Health: Economic Model 1 1 2 3 4 4 Practice Collections Collections from Non- Owned Medical Groups GAAP Revenue Provider Expense Care Margin Cost of Platform Platform Contribution Sales and Marketing G&A Adjusted EBITDA 1 Practice Collections: FFS collections and VBC payments (care managem
Slide 21: Reconciliation of Gross Profit to Care Margin
21 Reconciliation of Gross Profit to Care Margin l
Slide 22: Reconciliation of Gross Profit to Platform Contribution
22 Reconciliation of Gross Profit to Platform Contribution m
Slide 23: Reconciliation of Net Income to Adjusted EBITDA
23 Reconciliation of Net Income to Adjusted EBITDA n
Slide 24: Reconciliation of Net Income to Adjusted Net Income Per Share
24 Reconciliation of Net Income to Adjusted Net Income Per Share o
Slide 25: Thank You!
25 Thank You! PriviaHealth.com Contact: Robert P. Borchert SVP, Investor & Corporate Communications robert.borchert@priviahealth.com Phone: 817.783.4841
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