ADDED
Our technology and service solutions (collectively, the Privia Platform ) are powered by our Privia Technology Solution that integrates both Privia-developed and third-party applications into a seamless interface and workflow that manages all aspects of our Privia Providers provision of healthcare services.
As of December 31, 2025, we had 5,380 Privia Providers who are credentialed and bill for medical services, in both Owned and Non-Owned Medical Groups (as defined below), ( implemented providers ).
Our implemented providers operate in over 1,300 practice locations.
Privia cares for over 5.8 million patients, including in VBC arrangements approximately 910,000 commercial patients, as measured at the end of a particular period ( attributed lives ), approximately 212,000 Medicare Advantage attributed lives, 298,000 Medicare Shared Savings / Maryland PCP+ Program attributed lives, and approximately 120,000 Medicaid attributed lives.
For those practices, we furnish population health services, reporting and analytics, along with certain management services.
We own a majority interest in certain of our Medical Groups (each, an Owned Medical Group ), with Privia Physicians collectively owning a minority interest, and we own no interest in certain other Medical Groups for which we provide services through a services agreement (each, a Non-Owned Medical Group ).
In those markets in which state regulations prohibit us from owning Medical Groups, the Non-Owned Medical Groups may be owned by the Privia Physicians or majority owned indirectly by a licensed physician holding a Privia leadership position (each such Non-Owned Medical Group owned in this manner, a Friendly Medical Group ) with Privia Physicians collectively owning a minority interest.
Rising Healthcare Costs Health expenditures in the United States grew 7.2% to reach $5.3 trillion in 2024, or $15,474 per person, according to Centers for Medicare and Medicaid Services ( CMS ), representing approximately 18.0% of U.S.
National health expenditures are projected to reach $8.6 trillion or 20.3% of GDP by 2033, according to CMS, outpacing average GDP growth.
Nephron Research estimated in a December 2024 research report titled Healthcare Services 2025 Outlook that the physician enablement market in which we participate represents up to $2.4 trillion of that total healthcare spend.
REMOVED
Our platform (the Privia Platform ) is powered by our Privia Technology Solution that integrates both Privia-developed and third-party applications into a seamless interface and workflow that manages all aspects of our Privia Providers provision of healthcare services.
We believe our technology-enabled platform is differentiated and well positioned to drive sustainable long-term growth.
As of December 31, 2024, we had 4,789 Privia Providers on the Privia Platform who are credentialed and bill for medical services, in both Owned and Non-Owned Medical Groups (as defined below), ( implemented providers ).
Our implemented providers operate in over 1,200 care center locations.
Privia cares for over 5.2 million patients, including in VBC arrangements approximately 782,000 commercial patients who have selected one of our Medical Groups as their provider of primary care services, as measured at the end of a particular period ( attributed lives ), approximately 185,000 Medicare Advantage attributed lives, 196,000 Medicare Shared Savings / Maryland PCP+ Program attributed lives, and approximately 97,000 Medicaid attributed lives.
For those practices, we furnish population health services, reporting and analytics, along with certain management.
We own a majority interest in certain of our Medical Groups (each, an Owned Medical Group ), with Privia Physicians collectively owning a minority interest, and we own no interest in certain other Medical Groups (each, a Non-Owned Medical Group ).
In those markets in which state regulations do not allow us to own Medical Groups, the Non-Owned Medical Groups may be owned by the Privia Physicians or majority owned indirectly by a licensed physician holding a Privia leadership position (each such Non-Owned Medical Group owned in this manner, a Friendly Medical Group ) with Privia Physicians collectively owning a minority interest.
Rising Healthcare Costs Healthcare spending in the United States reached nearly $4.9 trillion in 2023 or $14,570 per person, according to Centers for Medicare and Medicaid Services ( CMS ), representing approximately 17.6% of U.S.
National health expenditures are projected to reach $7.7 trillion or 19.7% of GDP by 2032, according to CMS, outpacing both GDP and inflation expectations.