( MENAFN - GlobeNewsWire - Nasdaq) $176.6 Million in Shared Savings Delivered Across 10 Participating ACOs ARLINGTON, Va., Oct.
29, 2024 (GLOBE NEWSWIRE) -- Privia health Group, Inc. (Nasdaq: PRVA) today announced that its Accountable Care Organizations (ACOs) achieved shared savings of $176.6 million through the Medicare Shared Savings Program (MSSP) for the 2023 performance year, a 34.
1% increase from 2022. The 10 ACOs (collectively, Privia Quality Network or PQN) managed over $2.3 billion in healthcare benchmark spend through approximately 2,850 providers delivering high-value, cost-efficient care to 194,786 Medicare beneficiaries in 2023.
“The success of Privia Quality Network in MSSP is a testament to the dedication and skill of our doctors, who provided exceptional care to nearly 195,000 patients. Their commitment to delivering high-value, cost-effective care has allowed us to achieve significant savings while improving patient outcomes,” said Chief Clinical Officer, Dr. Keith Fernandez.
“At Privia, we are transforming healthcare by enhancing the patient experience, empowering physicians, and driving better outcomes. We are proud of the work that our doctors do, and we are committed to continuing to provide the best possible care to our patients.” Privia Quality Network's MSSP performance highlights for 2023: Privia Quality Network supports physician practices and 1.
2 million patient attributed lives in MSSP, Medicare Advantage, Commercial, and Medicaid arrangeme.